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. In comparison, Citizens Community Bancorp, Inc. has a P/E ratio of 13.08, indicating a significant valuation disparity.
Despite a high dividend yield of 150.73%, the company's return on equity (ROE) stands at only 2.27%, which raises concerns about its profitability relative to its valuation. Furthermore, Pathfinder Bancorp's stock has underperformed against the S&P 500 across multiple periods, with a year-to-date return of -14.40% compared to the S&P 500's 16.30%. This trend reinforces the notion that the stock may be overvalued in its current state.