Is John Marshall Bancorp, Inc. overvalued or undervalued?

As of 7 July 2025, the valuation grade for John Marshall Bancorp, Inc. has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a P/E ratio of 14, a Price to Book Value of 1.01, and an EV to EBITDA of 6.99. In comparison to peers, ACNB Corp. has a P/E of 13.51, while Carter Bankshares, Inc. stands at 14.43, suggesting that John Marshall Bancorp is positioned competitively within its industry.
Despite its fair valuation, John Marshall Bancorp has underperformed relative to the S&P 500 over the longer term, with a 3-year return of -10.68% compared to the S&P 500's 70.41%. However, it has shown positive short-term performance, with a 1-month return of 11.44% versus the S&P 500's 2.33%. This mixed performance underscores the need for cautious optimism regarding its future growth potential.