Is HarborOne Bancorp, Inc. overvalued or undervalued?

As of 10 October 2025, the valuation grade for HarborOne Bancorp, Inc. has moved from expensive to fair. The company appears fairly valued based on its current metrics. Key ratios include a P/E ratio of 22, a Price to Book Value of 0.97, and an EV to EBITDA of 30.17, which suggest that the stock is reasonably priced compared to its earnings and book value.
In comparison to its peers, HarborOne's P/E ratio of 22 is higher than Cantaloupe, Inc. at 13.56 and Hanmi Financial Corp. at 12.92, indicating that it may be priced at a premium relative to these companies. While the company has shown a YTD return of 13.61%, outperforming the S&P 500's 11.41%, its long-term performance over 3 years and 5 years has lagged behind the broader market, with returns of -2.40% and 51.69%, respectively. This mixed performance suggests a cautious outlook despite the recent improvement in its valuation grade.