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 that the stock is overvalued. The company exhibits a P/E ratio of 10, a price-to-book value of 1.08, and an EV to EBITDA ratio of 21.62, which are relatively high compared to peers like LINKBANCORP, Inc. with a P/E of 7.19 and First United Corp. at 10.09, suggesting that First Savings is not favorably positioned in its industry.
In terms of performance, the stock has returned 17.32% year-to-date, slightly outperforming the S&P 500's return of 16.45% during the same period, but the longer-term returns reveal a concerning trend, with a 5-year return of -50.70% compared to the S&P 500's 88.25%. Overall, the combination of high valuation ratios and poor long-term performance leads to the conclusion that First Savings Financial Group, Inc. is overvalued.