Is Riverview Bancorp, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Riverview Bancorp, Inc. has moved from fair to attractive, indicating a more favorable assessment of its stock. The company appears to be undervalued, particularly when considering its P/E ratio of 24, which is higher than the peer average of approximately 20.49, and a PEG ratio of 0.79, suggesting growth potential relative to its price. Additionally, Riverview's price-to-book value stands at 0.72, indicating that the stock is trading below its book value, which is often a sign of undervaluation.
In comparison to its peers, Third Coast Bancshares, Inc. has a P/E ratio of 9.69, while Timberland Bancorp, Inc. boasts a very attractive valuation with a P/E ratio of 10.19. Riverview's relatively high P/E ratio may suggest that it is priced for growth, but its lower PEG ratio implies that it could be a better value than its peers. Notably, Riverview's stock has underperformed against the S&P 500 over various periods, with a year-to-date return of -11.85% compared to the index's 13.30%, which reinforces the notion that the stock may be undervalued given its current price dynamics.