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

As of 17 July 2025, the valuation grade for F.N.B. Corp. (Pennsylvania) has moved from fair to very attractive, indicating a significant improvement in its perceived value. The company is currently undervalued, as evidenced by its P/E ratio of 11, which is notably lower than the industry average of 13.06, and a price-to-book value of 0.81, suggesting that the stock is trading below its intrinsic value. Additionally, the EV to EBITDA ratio stands at 11.94, further supporting the undervaluation thesis.
In comparison to its peers, F.N.B. Corp. has a more favorable valuation profile than Comerica, Inc., which has a P/E ratio of 21.53, and Old National Bancorp, which has a P/E of 15.09. The company also boasts an impressive dividend yield of 330.78%, indicating strong returns for shareholders. Over the past five years, F.N.B. Corp. has returned 133.57%, outperforming the S&P 500's 96.61% return, which reinforces the attractiveness of the stock in the current market environment.