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, indicating a significant improvement in its perceived value. The company is currently undervalued, supported by a P/E ratio of 9, a PEG ratio of 0.30, and an EV to EBITDA ratio of 5.63. In comparison to peers, Central Pacific Financial Corp. has a P/E ratio of 13.75, and Metropolitan Bank Holding Corp. stands at 12.12, highlighting Northeast Bank's favorable valuation metrics.
Despite recent stock performance showing a decline against the S&P 500, with a YTD return of -5.94% compared to the index's 16.30%, the long-term outlook remains strong, as evidenced by a remarkable 349.61% return over the past five years. This suggests that while the stock may be facing short-term challenges, its underlying value and growth potential are compelling.