Is Primis Financial Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Primis Financial Corp. moved from expensive to fair. The company appears to be undervalued based on its current metrics. Notable valuation 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 may be trading at a discount relative to its growth potential.
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 Financial Corp. is significantly higher on the P/E scale despite its fair valuation grade. Additionally, the company's recent stock performance has lagged behind the S&P 500, with a year-to-date return of -17.24% compared to the S&P 500's 13.30%, reinforcing the notion that Primis Financial Corp. may be undervalued in the current market.