Is F.N.B. Corp. (Pennsylvania) overvalued or undervalued?

As of 7 December 2023, F.N.B. Corp. (Pennsylvania) has moved from an attractive to a fair valuation grade. The company is currently fairly valued based on its financial metrics. The P/E ratio stands at 11, which is slightly below the industry average represented by peers such as Old National Bancorp at 13.15 and Valley National Bancorp at 12.10. Additionally, the Price to Book Value is 0.81, and the EV to EBIT is 12.24, indicating a moderate valuation position within its sector.
In terms of performance, F.N.B. Corp. has a dividend yield of 330.78%, which is significantly high, but its ROCE is at 6.91% and ROE at 7.17%, suggesting that while the company offers attractive returns to shareholders, its operational efficiency could be improved. Over the past year, the stock has returned 8.52%, which is slightly below the S&P 500's 10.26%, reflecting a need for better performance relative to broader market trends. Overall, the valuation metrics suggest that F.N.B. Corp. is fairly valued in the current market environment.