Is Princeton Bancorp, Inc. overvalued or undervalued?

As of 26 October 2023, Princeton Bancorp, Inc. has moved from an attractive to a fair valuation grade. The company is currently fairly valued. Key ratios include a P/E ratio of 12, a Price to Book Value of 0.82, and an EV to EBIT of 7.84. In comparison to peers, Bank7 Corp. has a P/E of 8.01, while Southern States Bancshares, Inc. stands out with a P/E of 9.13, indicating that Princeton Bancorp is positioned in the middle of its peer group.
Despite a recent stock return of 3.35% over the past week, which outperformed the S&P 500's slight decline, the year-to-date performance shows a decline of 11.41%, contrasting with the S&P 500's gain of 2.44%. This suggests that while the stock may be fairly valued, it has underperformed in the broader market context.