Is Mid Penn Bancorp, Inc. overvalued or undervalued?

As of 23 April 2025, the valuation grade for Mid Penn Bancorp, Inc. has moved from attractive to fair. Based on the current metrics, the company appears to be fairly valued. The P/E ratio stands at 12, the Price to Book Value is 0.93, and the EV to EBITDA is 9.21, which are in line with its peers, such as HomeTrust Bancshares, Inc. with a P/E of 12.77 and Bar Harbor Bankshares at 14.74.
In terms of recent performance, Mid Penn Bancorp has returned 4.91% over the past year, significantly lagging behind the S&P 500's 17.14% return, which suggests that while the stock is fairly valued, it may not be the best investment compared to broader market opportunities.