Is Mid Penn Bancorp, Inc. overvalued or undervalued?

As of 6 June 2025, the valuation grade for Mid Penn Bancorp, Inc. has moved from attractive to fair. The company appears to be fairly valued at this time. Key ratios include a P/E ratio of 12, a price to book value of 0.93, and an EV to EBITDA of 9.21.
In comparison to its peers, Mid Penn Bancorp's P/E ratio of 12 is lower than Burke Herbert Financial Services Corp., which has a P/E of 15.15, indicating that Mid Penn is relatively cheaper. However, it is slightly higher than Northeast Bank (Maine), which boasts a P/E of 8.86, suggesting that while Mid Penn is fairly valued, there are more attractive options in the market. Notably, the company's recent stock performance has outpaced the S&P 500 over the past year, with a return of 37.12% compared to the S&P 500's 10.26%.