Is First Commonwealth Financial Corp. (Pennsylvania) overvalued or undervalued?

As of 30 June 2025, the valuation grade for First Commonwealth Financial Corp. (Pennsylvania) moved from expensive to fair. The company appears fairly valued based on its current metrics. Key ratios include a P/E ratio of 14, a Price to Book Value of 1.35, and an EV to EBIT of 11.74. In comparison, Renasant Corp. has a P/E of 21.73, while WesBanco, Inc. shows a P/E of 17.59, indicating that First Commonwealth is positioned competitively within its peer group.
Despite recent performance, where First Commonwealth's stock returned 5.91% year-to-date compared to the S&P 500's 12.22%, the company still shows a strong historical return of 133.94% over the last five years, outpacing the S&P 500's 96.61%. This suggests that while the stock may be fairly valued currently, it has demonstrated significant growth potential in the past.