Is Greene County Bancorp, Inc. overvalued or undervalued?

As of 23 May 2025, Greene County Bancorp, Inc. has moved from a valuation grade of very expensive to expensive. The company is currently considered overvalued based on its financial ratios and peer comparisons. The P/E ratio stands at 13, which is higher than the peer average of approximately 12.87, while the PEG ratio of 0.79 suggests that the stock may not be as attractive given its growth prospects.
In comparison to its peers, Provident Financial Services, Inc. has a P/E of 11.44 and Northwest Bancshares, Inc. has a P/E of 12.93, both indicating that Greene County Bancorp is trading at a premium. Additionally, the company's ROCE of 18.47% and ROE of 12.46% are respectable but do not justify its current valuation when considering the overall market performance, as the stock has underperformed the S&P 500 over the past year, declining by 26.71% compared to the index's gain of 10.26%.