Is First Western Financial, Inc. overvalued or undervalued?

As of 28 November 2025, the valuation grade for First Western Financial, Inc. moved from attractive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 20, a price-to-book value of 0.79, and an EV to EBITDA of 0.86, which suggest that the company is priced reasonably relative to its earnings and asset value.
In comparison to peers, GCM Grosvenor, Inc. has a significantly higher P/E ratio of 78.97, indicating a riskier valuation, while Gladstone Capital Corp. stands out with a very attractive P/E of 7.68, suggesting it may be undervalued. Notably, First Western's stock has outperformed the S&P 500 in the year-to-date period, returning 24.55% compared to the S&P 500's 16.45%, reinforcing its relatively strong performance in the market.