Is Pathfinder Bancorp, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Pathfinder Bancorp, Inc. has moved from very attractive to attractive. The company appears to be overvalued based on its current metrics. Key ratios include a P/E ratio of 33, a Price to Book Value of 0.75, and an EV to EBITDA of 31.89, all of which suggest a premium valuation compared to its peers.
In comparison to peers, Citizens Community Bancorp, Inc. has a P/E of 13.08, while ECB Bancorp, Inc. has an attractive valuation with a P/E of 28.07. These comparisons highlight that Pathfinder Bancorp is trading at a significantly higher valuation relative to its industry counterparts. Additionally, the company's stock has underperformed against the S&P 500 over multiple periods, with a YTD return of -14.17% compared to the S&P 500's 16.30%, reinforcing the overvaluation narrative.