Is MVB Financial Corp. overvalued or undervalued?

As of 10 October 2025, MVB Financial Corp. has moved from a very expensive to an expensive valuation grade. The company appears to be overvalued based on its current metrics, with a P/E ratio of 14, a Price to Book Value of 0.88, and an EV to EBITDA of 9.39. In comparison to peers, Guaranty Bancshares, Inc. has a P/E of 18.33, while Macatawa Bank Corp. has a P/E of 12.42, indicating that MVB Financial Corp. is priced higher relative to some of its peers.
Despite the overvaluation, MVB Financial Corp. has shown strong recent performance, with a year-to-date return of 27.29%, significantly outperforming the S&P 500's return of 11.41% in the same period. However, over the longer term, the company's 3-year return of 0.15% starkly contrasts with the S&P 500's 81.39%, highlighting potential concerns about its sustainability in value creation.