Is Riverview Bancorp, Inc. overvalued or undervalued?

As of 3 October 2025, the valuation grade for Riverview Bancorp, Inc. has moved from attractive to very attractive. The company appears to be undervalued, particularly when considering its P/E ratio of 24, which is significantly higher than the peer average of approximately 20.49 for Riverview and 9.69 for Third Coast Bancshares, Inc. Additionally, the price to book value stands at 0.72, indicating potential upside, while the PEG ratio of 0.79 suggests that the stock is reasonably priced relative to its growth expectations.
In comparison to its peers, Riverview's valuation metrics indicate it is positioned favorably, especially against Third Coast Bancshares, which has a P/E of 9.69. The company has also underperformed against the S&P 500 in the year-to-date period, with a return of -9.23% compared to the index's 14.18%, but it has shown a positive return of 12.04% over the past year against the S&P 500's 17.82%. This mixed performance underscores the potential for future growth given its attractive valuation metrics.