Is Northwest Bancshares, Inc. (Pennsylvania) overvalued or undervalued?

As of 9 November 2018, the valuation grade for Northwest Bancshares, Inc. has moved from fair to very attractive, indicating a significant improvement in its perceived value. The company appears to be undervalued, especially when considering its P/E ratio of 13, which is lower than the peer average of approximately 12.32 for similar institutions. Additionally, the Price to Book Value stands at 0.97, and the EV to EBITDA ratio is 10.03, further supporting the notion of undervaluation relative to peers like Webster Financial Corp., which has a P/E of 12.40, and WSFS Financial Corp., with a P/E of 14.29.
In terms of performance, Northwest Bancshares has experienced a 5-year return of 28.54%, which, while positive, pales in comparison to the S&P 500's 96.61% return over the same period. This disparity reinforces the undervaluation narrative, suggesting that the stock has room for growth relative to broader market benchmarks.