Is First Savings Financial Group, Inc. overvalued or undervalued?

As of 3 October 2023, First Savings Financial Group, Inc. has moved from fair to attractive based on recent analysis. The company is currently undervalued, presenting a compelling investment opportunity. Key financial ratios include a price-to-earnings ratio of 10.5, a return on equity of 12.3%, and a debt-to-equity ratio of 0.45, which indicate solid performance relative to its peers.
When compared to similar institutions, such as First Financial Bancorp with a P/E ratio of 12.0 and Old National Bancorp at 11.5, First Savings Financial Group stands out as a more attractive option. Additionally, the stock has shown resilience, outperforming the Sensex in recent months, further reinforcing its undervaluation narrative.