Is Park National Corp. overvalued or undervalued?

As of 3 October 2025, the valuation grade for Park National Corp. has moved from fair to expensive, indicating a shift towards overvaluation. The company appears overvalued based on its current metrics, with a P/E ratio of 18, a Price to Book Value of 2.24, and an EV to EBITDA of 14.21. In comparison, UMB Financial Corp. has a P/E of 19.64, while Axos Financial, Inc. shows a lower P/E of 13.92, highlighting that Park National Corp. is priced higher than some peers despite its valuation grade.
Furthermore, Park National Corp. has underperformed relative to the S&P 500 in recent periods, with a year-to-date return of -5.80% compared to the S&P 500's 14.18%. This trend reinforces the notion that the stock may be overvalued, as it has not kept pace with broader market performance.