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. The company appears to be undervalued, with a P/E ratio of 17, a Price to Book Value of 1.28, and an EV to EBITDA of 16.99. In comparison, Orrstown Financial Services, Inc. has a P/E of 10.63, while Northrim BanCorp, Inc. shows a P/E of 11.11, indicating that Middlefield Banc Corp. is priced higher than these peers but still presents a compelling valuation given its strong performance metrics.
Despite a recent decline in stock price, with a 1-week return of -4.65% compared to the S&P 500's 0.71%, the company has shown resilience with a year-to-date return of 16.22%, closely trailing the S&P 500's 16.30%. Overall, the combination of its favorable valuation ratios and recent performance suggests that Middlefield Banc Corp. is positioned well in the market.