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 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, Central Pacific Financial Corp. has a P/E of 13.75, while Camden National Corp. stands at 11.68, indicating that Northeast Bank is trading at a significant discount relative to its peers.
Despite recent underperformance, with a year-to-date return of -7.12% compared to the S&P 500's 16.30%, the long-term outlook remains strong, as evidenced by a 3-year return of 96.31% versus 76.66% for the benchmark. This suggests that while the stock may be facing short-term challenges, its valuation metrics indicate a compelling investment opportunity.