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, given its P/E ratio of 33, which is significantly higher than peers like Citizens Community Bancorp, Inc. at 13.08 and ECB Bancorp, Inc. at 28.07. Additionally, Pathfinder's Price to Book Value stands at 0.75, while its EV to EBITDA is 31.89, suggesting that the market may be pricing in excessive growth expectations relative to its actual performance.
Comparing Pathfinder to its peers, it is clear that its valuation metrics are less favorable, particularly when considering the PEG ratio of 1.08, which, while not alarming, does not justify the high P/E ratio. The company's recent performance has not been disclosed, but without a positive return narrative against the S&P 500, the overvaluation is further substantiated. Overall, Pathfinder Bancorp, Inc. is positioned as overvalued in the current market landscape.