Is First Capital, Inc. overvalued or undervalued?

As of 16 June 2025, the valuation grade for First Capital, Inc. has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a P/E ratio of 14, a Price to Book Value of 1.41, and an EV to EBITDA of 2.90.
In comparison to its peers, First Capital's P/E ratio is lower than that of Provident Bancorp, Inc. at 46.32, indicating that it is more attractively priced relative to its earnings. Additionally, ESSA Bancorp, Inc. has a P/E of 20.69, further supporting the notion that First Capital is fairly valued within its competitive landscape. Despite recent underperformance against the S&P 500 over the past month, the company has shown strong year-to-date returns of 31.29%, suggesting potential for future growth.