Is HarborOne Bancorp, Inc. overvalued or undervalued?

As of 3 October 2025, the valuation grade for HarborOne Bancorp, Inc. has moved from expensive to fair. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 22, a Price to Book Value of 0.97, and an EV to EBITDA of 30.17. In comparison to peers, Cantaloupe, Inc. has a P/E of 13.56, while Hanmi Financial Corp. shows a P/E of 12.92, indicating that HarborOne is priced higher than these competitors.
In terms of recent performance, HarborOne's stock has returned 15.22% year-to-date, slightly outperforming the S&P 500's return of 14.18% in the same period. However, over a longer horizon, the stock has underperformed the S&P 500 over the 3-year and 10-year periods, with returns of -1.16% and 64.02%, respectively, compared to 82.57% and 244.16% for the index. Overall, while the company is currently fairly valued, its longer-term performance raises some concerns about future growth potential.