Is Peapack-Gladstone Financial Corp. overvalued or undervalued?

As of 26 September 2025, the valuation grade for Peapack-Gladstone Financial Corp. moved from expensive to fair. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 17, a price to book value of 0.88, and an EV to EBITDA of 9.13. In comparison, Cantaloupe, Inc. is very attractive with a P/E of 13.56, while CrossFirst Bankshares, Inc. is attractive with a P/E of 10.04, indicating that Peapack-Gladstone's valuation is higher than some peers.
The company's recent stock performance has been underwhelming, with a year-to-date return of -12.20% compared to the S&P 500's 12.96%, and over three years, it has declined by 14.88% while the benchmark soared by 81.77%. This suggests that while the company is currently fairly valued, its stock performance has not kept pace with broader market trends.