Is QCR Holdings, Inc. overvalued or undervalued?

As of 10 July 2024, QCR Holdings, Inc. has moved from an attractive to a fair valuation grade. The company appears to be fairly valued at this time. Key ratios include a P/E ratio of 10, a Price to Book Value of 1.11, and an EV to EBITDA of 8.33.
In comparison to its peers, QCR Holdings has a P/E ratio of 9.46, which is lower than Pathward Financial, Inc. at 9.68 and significantly lower than Hope Bancorp, Inc. at 14.46. While QCR Holdings has shown a strong return of 19.34% over the past year, it has underperformed relative to the S&P 500's 10.26% return during the same period, suggesting a mixed performance narrative in the context of its valuation.