Is PB Bankshares, Inc. overvalued or undervalued?

As of 24 April 2025, the valuation grade for PB Bankshares, Inc. has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. The P/E ratio stands at 24, while the price-to-book value is 0.94, indicating that the stock is trading below its book value. Additionally, the EV to EBITDA ratio is 13.11, which is competitive within the industry.
In comparison to its peers, PB Bankshares, Inc. has a P/E ratio of 23.90, while IF Bancorp, Inc. has a higher P/E of 26.73, suggesting that PB Bankshares is relatively more attractive. Catalyst Bancorp, Inc. has a P/E of 23.71, reinforcing the fair valuation of PB Bankshares. Notably, PB Bankshares has outperformed the S&P 500 with a 1-year return of 24.82% compared to the index's 10.26%, further supporting its valuation narrative.