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

As of 28 November 2025, the valuation grade for First Savings Financial Group, Inc. has moved from fair to expensive, indicating a shift towards overvaluation. The company appears overvalued based on its P/E ratio of 10, which is higher than the peer average of 9.54, and an EV to EBITDA ratio of 21.62, which is notably elevated compared to peers like LINKBANCORP, Inc. at 7.19. Additionally, the PEG ratio of 0.05 suggests that the stock may not be offering sufficient growth relative to its price.
In comparison to its peers, First Savings Financial Group, Inc. is positioned less favorably, with its ROE of 10.87% and ROCE of 4.12% not providing a compelling justification for its current valuation. The stock has underperformed against the S&P 500 over the long term, with a 5-year return of -50.70% compared to the S&P 500's 88.25%, further reinforcing the notion that the stock is overvalued at its current price of 31.16.