Is OFG Bancorp overvalued or undervalued?

As of 23 April 2025, the valuation grade for OFG Bancorp has moved from attractive to fair. Based on the current metrics, the company appears to be fairly valued. Key valuation ratios include a P/E ratio of 12, a Price to Book Value of 1.77, and an EV to EBITDA of 7.42. In comparison to peers, Axos Financial, Inc. has a P/E of 13.92, while Fulton Financial Corp. stands at 13.49, indicating that OFG Bancorp is positioned competitively within its industry.
In terms of recent performance, OFG Bancorp has outperformed the S&P 500 over the past week and month, with returns of 1.56% and 4.18%, respectively, although it has lagged over the longer term, particularly in the one-year period with a return of just 0.52% compared to the S&P 500's 17.14%. Overall, while OFG Bancorp is fairly valued, its recent stock performance suggests potential for improvement relative to broader market trends.