Is ESSA Bancorp, Inc. overvalued or undervalued?

As of 26 July 2023, the valuation grade for ESSA Bancorp, Inc. has moved from attractive to fair. The company appears to be fairly valued at this time. Key ratios include a P/E ratio of 21, a Price to Book Value of 1.41, and an EV to EBIT of 26.78.
In comparison to its peers, Northfield Bancorp, Inc. has a P/E ratio of 21.25, while Hingham Institution for Savings shows a lower P/E of 17.47, indicating that ESSA Bancorp is in line with its peers but not particularly undervalued. Additionally, the company has a notable dividend yield of 187.71%, which may appeal to income-focused investors. Over the past year, ESSA Bancorp has outperformed the S&P 500 with a return of 12.60% compared to 10.26% for the index, reinforcing its position in the market.