Is Republic Bancorp, Inc. (Kentucky) overvalued or undervalued?

As of 18 July 2025, the valuation grade for Republic Bancorp, Inc. (Kentucky) has moved from very attractive to fair. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 10, a Price to Book Value of 1.18, and an EV to EBITDA of 5.11. In comparison to its peers, Republic Bancorp's P/E ratio is lower than that of Byline Bancorp, Inc. at 11.72 and significantly lower than German American Bancorp, Inc. at 18.19, indicating a relative valuation alignment within the industry.
Additionally, while Republic Bancorp has shown strong performance with a 3-year return of 93.70%, it has underperformed the S&P 500's return of 70.41% over the same period. This suggests that while the stock is fairly valued, there may be room for improvement in its market performance relative to broader indices.