Is Glen Burnie Bancorp overvalued or undervalued?

As of 3 October 2025, the valuation grade for Glen Burnie Bancorp has moved from expensive to fair. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 14, a Price to Book Value of 0.75, and an EV to Sales ratio of 0.62. In comparison to peers, Bank of the James Financial Group, Inc. has a P/E of 9.81, while First US Bancshares, Inc. shows a P/E of 14.73, indicating that Glen Burnie Bancorp's valuation is competitive within its industry.
Despite the fair valuation, Glen Burnie Bancorp has underperformed relative to the S&P 500, with a year-to-date return of -19.14% compared to the index's 14.18%. This significant underperformance over multiple periods, including a 5-year return of -55.86% versus the S&P 500's 100.56%, suggests that while the stock may be fairly valued, it faces challenges that could impact future performance.