Is OFG Bancorp overvalued or undervalued?

As of 31 October 2025, the valuation grade for OFG Bancorp has moved from attractive to very attractive, indicating a stronger position in the market. The company appears to be undervalued, supported by 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 higher P/E ratio of 13.92, while Fulton Financial Corp. also shows a very attractive valuation with a P/E of 13.49.
Although specific return data is not available, the overall valuation metrics suggest that OFG Bancorp is positioned favorably against its peers in the Major Banks industry, reinforcing the notion of its undervaluation.