Is SmartFinancial, Inc. overvalued or undervalued?

As of 21 April 2025, SmartFinancial, Inc. has moved from an expensive to an attractive valuation grade, indicating a shift in perception regarding its market value. The company is currently considered undervalued, with a P/E ratio of 14, a Price to Book Value of 1.13, and an EV to EBITDA ratio of 3.10. These figures suggest that the stock is trading at a reasonable price relative to its earnings and book value.
In comparison to its peers, SmartFinancial's P/E ratio of 14 is higher than Central Pacific Financial Corp.'s 11.97 and Equity Bancshares, Inc.'s 12.08, both of which are considered expensive and fair, respectively. Additionally, SmartFinancial's PEG ratio of 0.33 indicates strong growth potential compared to its peers, such as Northeast Bank (Maine), which has a PEG of 0.29. The company's recent performance has also outpaced the S&P 500, with a 1-year return of 48.02% compared to the index's 10.26%, reinforcing the attractiveness of its current valuation.