Is Metropolitan Bank Holding Corp. overvalued or undervalued?

As of 7 July 2025, the valuation grade for Metropolitan Bank Holding Corp. moved from expensive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 10, a Price to Book Value of 0.95, and an EV to EBITDA of 10.15. In comparison, Horizon Bancorp, Inc. has a P/E of 16.37, indicating it is considered attractive, while Central Pacific Financial Corp. has a P/E of 13.75, also rated as fair.
In terms of stock performance, Metropolitan Bank Holding Corp. has outperformed the S&P 500 over the past year with a return of 56.70% compared to the S&P 500's 17.14%. This strong performance reinforces the notion that the stock is fairly valued in the current market environment.