Is Pacific Premier Bancorp, Inc. overvalued or undervalued?

As of 14 April 2025, the valuation grade for Pacific Premier Bancorp, Inc. has moved from attractive to very attractive. The company is currently considered undervalued. Key ratios include a P/E ratio of 14, a Price to Book Value of 0.71, and an EV to EBITDA of 7.28, which suggest that the company is trading at a discount relative to its earnings and book value.
In comparison to its peers, Pacific Premier Bancorp, Inc. has a lower P/E ratio than Atlantic Union Bankshares Corp., which is at 17.81 and deemed expensive, and Ameris Bancorp, which has a P/E of 11.44 and is rated attractive. The PEG ratio of 0.01 indicates significant growth potential relative to its price, reinforcing the undervaluation narrative. Despite recent underperformance compared to the S&P 500 over various time frames, the current valuation metrics suggest that there is a strong case for potential upside in the stock.