Is Primis Financial Corp. overvalued or undervalued?

As of 12 September 2025, the valuation grade for Primis Financial Corp. has moved from expensive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 40, a Price to Book Value of 0.64, and a PEG Ratio of 0.11, which suggests potential growth relative to its price.
In comparison to its peers, Bank7 Corp. has a P/E ratio of 10.50, while Southern First Bancshares, Inc. stands at 16.87, indicating that Primis is trading at a premium relative to these competitors. Notably, the company's recent stock performance shows a year-to-date return of -4.55%, significantly underperforming the S&P 500's 12.22% return in the same period, reinforcing the notion that the stock may be fairly valued given its current standing in the market.