Is MVB Financial Corp. overvalued or undervalued?

As of 30 April 2025, MVB Financial Corp. has moved from an attractive to an expensive valuation grade. The company appears to be overvalued, particularly when considering its P/E ratio of 14, which is significantly lower than the peer average of 19.08, and its price-to-book value of 0.88, which indicates that the stock is trading below its book value. Additionally, the EV to EBITDA ratio stands at 9.39, suggesting a high valuation relative to earnings before interest, taxes, depreciation, and amortization.
In comparison to its peers, Guaranty Bancshares, Inc. has a P/E ratio of 18.33 and is rated as attractive, while Peoples Financial Services Corp. boasts a P/E of 10.84 and is rated very attractive. This highlights MVB Financial Corp.'s relatively less favorable position in the market. Furthermore, while MVB Financial has shown strong returns year-to-date at 18.45% compared to the S&P 500's 12.22%, its three-year return of -23.09% starkly contrasts with the S&P 500's impressive 70.41%, reinforcing the notion that the stock may be overvalued at its current price.