Is Middlefield Banc Corp. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Middlefield Banc Corp. has moved from attractive to very attractive, indicating a stronger position in the market. The company appears to be undervalued, supported by a P/E ratio of 17, a Price to Book Value of 1.28, and an EV to EBITDA of 16.99. Comparatively, Orrstown Financial Services, Inc. has a P/E of 10.63, while Northrim BanCorp, Inc. shows a P/E of 11.11, suggesting that Middlefield Banc Corp. is priced higher than these peers but still offers value given its improved valuation grade.
In terms of recent performance, Middlefield Banc Corp. has experienced a 1-year return of 15.44%, which lags behind the S&P 500's return of 19.89% over the same period, reflecting some underperformance relative to the broader market. However, the company's strong valuation metrics and recent grade change suggest that it may be well-positioned for future growth.