Is Northeast Bank (Maine) overvalued or undervalued?

As of 21 November 2025, the valuation grade for Northeast Bank (Maine) has moved from attractive to very attractive, indicating a positive shift in its perceived value. The bank appears to be undervalued, particularly when considering its P/E ratio of 9, which is significantly lower than the peer average of 10.54, and a PEG ratio of 0.30, suggesting strong growth potential relative to its price. Additionally, the bank's price to book value stands at 1.42, which is reasonable in the context of its peers.
In comparison to its peers, Central Pacific Financial Corp. has a P/E of 13.75, while Metropolitan Bank Holding Corp. has a P/E of 12.12, both indicating that Northeast Bank is trading at a discount. Notably, over the past three years, the bank has delivered a return of 96.17%, outperforming the S&P 500's return of 67.17%, which reinforces the attractiveness of its current valuation.