Is First Busey Corp. overvalued or undervalued?

As of 7 November 2025, the valuation grade for First Busey Corp. has moved from expensive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 36, a Price to Book Value of 0.96, and an EV to EBITDA of 13.90.
In comparison to its peers, First Busey Corp. has a higher P/E ratio than First Commonwealth Financial Corp. at 15.48 and a lower EV to EBITDA than First Bancorp (North Carolina) at 23.74, indicating a mixed valuation landscape among its competitors. Notably, while First Busey Corp. has shown a return of -13.28% over the past year, the S&P 500 has returned 12.65%, highlighting the company's underperformance relative to the broader market.