Is Northeast Bank (Maine) overvalued or undervalued?

As of 3 October 2025, the valuation grade for Northeast Bank (Maine) has moved from very attractive to attractive. The bank appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 9, a Price to Book Value of 1.42, and a PEG ratio of 0.30, which suggest that the stock is reasonably priced relative to its earnings growth potential.
In comparison to its peers, Central Pacific Financial Corp. has a P/E of 13.75, while Metropolitan Bank Holding Corp. stands at 12.12, indicating that Northeast Bank is trading at a lower valuation multiple than these competitors. Despite recent stock performance showing a decline of 7.79% over the past week against a 1.09% gain in the S&P 500, the bank has delivered a strong 151.06% return over the past three years, significantly outperforming the index's 82.57% return in the same period.