Is Regions Financial Corp. overvalued or undervalued?

As of 7 October 2024, Regions Financial Corp. has moved from a very attractive to a fair valuation grade. The company is currently fairly valued based on its financial metrics. Key ratios include a P/E ratio of 10, a Price to Book Value of 1.12, and an impressive ROCE of 35.56%.
In comparison to its peers, Huntington Bancshares, Inc. has a P/E of 11.06, while Citizens Financial Group, Inc. stands at 15.12. Notably, Credicorp Ltd. is rated attractive with a P/E of 13.25, indicating that Regions may be lagging behind its more favorably valued peers. Additionally, Regions has shown a strong dividend yield of 501.97%, which may appeal to income-focused investors, despite its recent underperformance relative to the S&P 500 over the year, where it returned 19.60% compared to the index's 10.26%.