Is SmartFinancial, Inc. overvalued or undervalued?

As of 21 April 2025, the valuation grade for SmartFinancial, Inc. has moved from fair to attractive, indicating a positive shift in its perceived value. The company appears undervalued, supported by a P/E ratio of 14, a PEG ratio of 0.33, and an EV to EBITDA ratio of 3.10, which are favorable compared to its peers. For instance, CNB Financial Corp. has a P/E of 13.93, while HomeTrust Bancshares, Inc. stands at 12.77, suggesting that SmartFinancial is competitively priced within its industry.
Additionally, SmartFinancial has demonstrated strong performance with a year-to-date return of 22.11%, significantly outpacing the S&P 500's return of 12.22% over the same period. This performance, combined with its attractive valuation metrics, reinforces the conclusion that SmartFinancial, Inc. is currently undervalued relative to its peers and the broader market.