Is Northfield Bancorp, Inc. (New Jersey) overvalued or undervalued?

As of 17 October 2025, the valuation grade for Northfield Bancorp, Inc. (New Jersey) has moved from attractive to very attractive. The company appears to be undervalued, particularly when considering its P/E ratio of 22, which is higher than the peer average of 19.23, while its Price to Book Value stands at 0.98, indicating a potential for growth relative to its book value. Additionally, the EV to EBITDA ratio of 33.64 suggests that the company is trading at a premium compared to its earnings before interest, taxes, depreciation, and amortization.
In comparison to its peers, TrustCo Bank Corp. NY has a P/E of 14.54, and Southern Missouri Bancorp, Inc. has a notably lower P/E of 11.64, reinforcing the notion that Northfield Bancorp is undervalued relative to its industry. Despite this favorable valuation, the company's stock has underperformed against the S&P 500, with a year-to-date return of -8.43% compared to the index's 13.30%. This divergence highlights the potential for a rebound as the market recognizes its intrinsic value.