Is Glen Burnie Bancorp overvalued or undervalued?

As of 10 October 2025, the valuation grade for Glen Burnie Bancorp moved from very expensive to expensive. The company appears to be overvalued based on its current metrics. The P/E ratio stands at 14, while the price to book value is notably low at 0.75, and the EV to EBITDA ratio is -9.62, indicating potential valuation concerns.
In comparison to peers, Glen Burnie Bancorp's P/E ratio of 14 is higher than Bank of the James Financial Group, Inc. at 9.81 and lower than Pathfinder Bancorp, Inc. at 32.29. The company's recent stock performance has been poor, with a year-to-date return of -19.31%, significantly lagging behind the S&P 500's return of 11.41% during the same period, which reinforces the notion of overvaluation.