Is FinWise Bancorp overvalued or undervalued?

As of 7 July 2025, the valuation grade for FinWise Bancorp has moved from expensive to fair. The company appears fairly valued based on its current metrics. Key ratios include a P/E ratio of 16, a Price to Book Value of 1.08, and an EV to Capital Employed of 0.76. In comparison to peers, LINKBANCORP, Inc. has a P/E of 7.19 and First United Corp. has a P/E of 10.09, indicating that FinWise Bancorp is relatively more expensive than some of its peers.
While specific return data is not available, the absence of a strong return narrative against the S&P 500 suggests that the stock may not have outperformed the benchmark recently, reinforcing the notion of it being fairly valued at this time.