Is Northeast Bank (Maine) overvalued or undervalued?

As of 31 October 2025, the valuation grade for Northeast Bank (Maine) moved from attractive to very attractive. The company appears to be undervalued, supported by a P/E ratio of 9, a PEG ratio of 0.30, and an EV to EBITDA ratio of 5.63, which are all favorable compared to industry norms.
In comparison to peers, Metropolitan Bank Holding Corp. has a P/E of 12.12, while Camden National Corp. stands at 11.68, indicating that Northeast Bank is trading at a significant discount relative to these competitors. Despite recent underperformance with a year-to-date return of -5.94% against the S&P 500's 16.30%, the long-term outlook remains strong, as evidenced by a 5-year return of 349.61% compared to the S&P 500's 109.18%.