Is Park National Corp. overvalued or undervalued?

As of 10 October 2025, the valuation grade for Park National Corp. has moved from fair to expensive, indicating that the company is currently overvalued. Key valuation ratios include a P/E ratio of 18, a Price to Book Value of 2.24, and an EV to EBITDA of 14.21. In comparison to peers, 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 of its competitors.
The company's recent stock performance has been underwhelming, with a year-to-date return of -9.90% compared to a positive 11.41% return for the S&P 500, reinforcing the notion that it may be overvalued at current levels.