Is New York Community Bancorp, Inc. overvalued or undervalued?

As of 31 January 2024, the valuation grade for New York Community Bancorp, Inc. has moved from very attractive to risky. This shift indicates that the company is currently overvalued. The P/E ratio is not applicable due to losses, while the Price to Book Value stands at 0.61, and the EV to Sales ratio is 0.87. The company also has a high dividend yield of 44.46%, but negative returns on capital employed (ROCE) and equity (ROE) at -14.73% and -10.06%, respectively, raise concerns about its financial health.
In comparison to its peers, TFS Financial Corp. is rated very attractive with a P/E of 52.08, while WSFS Financial Corp. is fairly valued with a P/E of 12.82. These ratios highlight the significant disparity between New York Community Bancorp, Inc. and its competitors. Additionally, the company's stock has underperformed against the S&P 500 over the long term, with a 3-year return of -56.56% compared to the S&P's 58.74%. This further supports the conclusion that New York Community Bancorp, Inc. is currently overvalued.