Is First Financial Corp. (Indiana) overvalued or undervalued?

As of 22 April 2025, the valuation grade for First Financial Corp. (Indiana) 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 1.36, and an EV to EBITDA of 13.83.
In comparison to its peers, First Financial Corp. has a P/E ratio that is slightly higher than Nicolet Bankshares, Inc. at 13.68 and Stellar Bancorp, Inc. at 11.91, both of which are also rated fair. Notably, Hope Bancorp, Inc. is rated very attractive with a P/E of 14.46, indicating that while First Financial is fairly valued, there are peers with potentially better investment appeal. Additionally, the company's stock has outperformed the S&P 500 over the past year, returning 51.18% compared to the index's 10.26%, reinforcing its current valuation stance.