Is OceanFirst Financial Corp. overvalued or undervalued?

As of 7 July 2025, the valuation grade for OceanFirst Financial Corp. has moved from expensive to fair, indicating a more favorable assessment of its market position. The company appears to be fairly valued at this time. Key valuation ratios include a P/E ratio of 11, a Price to Book Value of 0.61, and an EV to EBITDA of 14.93, which suggest that the stock is trading at a reasonable price relative to its earnings and book value.
In comparison to peers, OceanFirst's P/E ratio of 11 is lower than Webster Financial Corp.'s 12.40 and WSFS Financial Corp.'s 14.29, highlighting its competitive positioning within the industry. However, it is worth noting that the company has underperformed the S&P 500 over the longer term, with a 3-year return of -7.50% compared to the index's 70.41%, although it has shown some resilience with a 5-year return of 28.47% against the S&P's 96.61%.