Is Primis Financial Corp. overvalued or undervalued?

As of 3 October 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 that the stock is priced attractively relative to its growth prospects.
In comparison to peers, Bank7 Corp. has a P/E of 10.50, while Southern First Bancshares, Inc. has a P/E of 16.87, indicating that Primis Financial Corp. is trading at a premium relative to these companies. Despite this, the company's high dividend yield of 203.29% and low EV to EBITDA of -6.14 may appeal to certain investors. Over the past year, Primis Financial Corp. has underperformed the S&P 500, returning -9.08% compared to the index's 17.82%, reinforcing the notion that while the stock may be fairly valued, it has struggled to keep pace with broader market returns.