Is FB Financial Corp. overvalued or undervalued?

As of 14 July 2025, the valuation grade for FB Financial Corp. has moved from expensive to very expensive, indicating a significant shift in its valuation perception. The company appears overvalued given its P/E ratio of 16, which is considerably higher than peers like Axos Financial, Inc. at 13.92 and Fulton Financial Corp. at 13.49. Additionally, the EV to EBITDA ratio stands at 7.46, while the PEG ratio is 1.19, suggesting that the stock is priced at a premium compared to its growth prospects.
In terms of performance, FB Financial Corp. has delivered a 1-year return of 13.22%, which lags behind the S&P 500's return of 17.14% over the same period. This underperformance, combined with its high valuation ratios, reinforces the conclusion that the stock is overvalued in the current market context.