Is First Business Financial Services, Inc. overvalued or undervalued?

As of 21 November 2025, the valuation grade for First Business Financial Services, Inc. moved from attractive to very attractive, indicating a strong positive shift in its perceived value. The company appears undervalued based on its metrics, with a P/E ratio of 10, a Price to Book Value of 1.31, and an impressive PEG Ratio of 0.37. In comparison to peers, ACNB Corp. has a P/E ratio of 13.51, while Bridgewater Bancshares, Inc. shows a P/E of 11.97, suggesting that First Business Financial Services, Inc. is trading at a discount relative to its industry competitors.
Additionally, the company has delivered solid returns, with a 5-year return of 163.50% compared to the S&P 500's 85.61%, reinforcing its attractive valuation story. Overall, these factors indicate that First Business Financial Services, Inc. is currently undervalued in the market.