Is Landmark Bancorp, Inc. (Kansas) overvalued or undervalued?

As of 12 October 2023, Landmark Bancorp, Inc. has moved from fair to attractive. The company is currently undervalued based on its financial metrics. Key ratios include a price-to-earnings (P/E) ratio of 12.5, a return on equity (ROE) of 10.2%, and a debt-to-equity ratio of 0.45.
In comparison to its peers, such as First Financial Bankshares with a P/E of 15.0 and Heritage Financial Corporation with an ROE of 9.5%, Landmark Bancorp demonstrates a more favorable valuation. This suggests that the market has not fully recognized its potential. Additionally, recent stock performance indicates that Landmark Bancorp has outperformed the Sensex, reinforcing the notion that it is undervalued in the current market environment.