Is Horizon Bancorp, Inc. (Indiana) overvalued or undervalued?

As of 3 October 2025, the valuation grade for Horizon Bancorp, Inc. (Indiana) moved from fair to attractive, indicating a more favorable assessment of its worth. The company appears undervalued based on its P/E ratio of 14, which is lower than the peer average of 16.37, and a PEG ratio of 0.15, suggesting strong growth potential relative to its price. Additionally, the price to book value stands at 0.84, further supporting the notion of undervaluation compared to its peers.
In comparison to Univest Financial Corp., which has a P/E of 12.14 and a PEG of 0.99, Horizon Bancorp shows a more compelling valuation profile. Despite recent stock performance lagging behind the S&P 500, with a 1Y return of 8.10% compared to the index's 17.82%, the long-term outlook remains positive, especially with a 5Y return of 52.11%. Overall, Horizon Bancorp is positioned as an attractive investment opportunity within the regional banks sector.