Is FB Financial Corp. overvalued or undervalued?

As of 14 April 2025, the valuation grade for FB Financial Corp. moved from expensive to fair. The company is currently fairly valued based on its financial metrics. The P/E ratio stands at 16, which is competitive compared to peers like Axos Financial, Inc. with a P/E of 10.66 and Fulton Financial Corp. at 13.04. Additionally, FB Financial Corp. has an EV to EBITDA ratio of 7.46 and a PEG ratio of 1.19, indicating a reasonable growth expectation relative to its price.
In comparison to its peers, FB Financial Corp.'s valuation metrics suggest it is on par with the industry average, particularly when considering its ROCE of 19.07% and ROE of 7.98%. The recent performance shows that while the stock has underperformed the S&P 500 on a year-to-date basis, it has outperformed over a one-year period, returning 22.08% compared to the S&P 500's 10.26%. Overall, FB Financial Corp. appears to be fairly valued within its competitive landscape.