Is Richmond Mutual Bancorporation, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Richmond Mutual Bancorporation, Inc. moved from fair to attractive, indicating a positive shift in its perceived value. The company appears to be undervalued, with a P/E ratio of 17, a Price to Book Value of 1.18, and an EV to Capital Employed ratio of 1.07, which suggests a favorable valuation compared to its peers.
In comparison to its industry, Richmond's P/E ratio is higher than Alerus Financial Corp. at 13.80 and Capital Bancorp, Inc. at 11.92, both of which are considered fair and very attractive, respectively. The PEG ratio of 5.04 indicates that growth expectations may be high relative to earnings, but the strong dividend yield of 316.96% and ROE of 6.86% provide additional context for its valuation. Although return data is not available for a direct comparison with the S&P 500, the overall valuation metrics suggest that Richmond Mutual Bancorporation is positioned favorably within its sector.