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, indicating a shift in perceived value. The company appears to be overvalued based on its current metrics, particularly with a P/E ratio of 33, which is significantly higher than peers such as Citizens Community Bancorp, Inc. at 13.08 and ECB Bancorp, Inc. at 28.07. Additionally, the EV to EBITDA ratio stands at 31.89, while the PEG ratio is 1.08, suggesting that the stock may not be justified at its current price.
In comparison to its peers, Pathfinder's valuation metrics indicate that it is trading at a premium, with a price to book value of 0.75 and a dividend yield of 150.73%, which is unusually high. The company's recent stock performance has been underwhelming, with a year-to-date return of -14.17% compared to the S&P 500's return of 16.30%, further reinforcing the notion that the stock may be overvalued in the current market environment.