Is South Plains Financial, Inc. (Texas) overvalued or undervalued?

As of 10 October 2025, the valuation grade for South Plains Financial, Inc. has moved from fair to expensive, indicating that the stock is currently overvalued. The company exhibits a P/E ratio of 12, a Price to Book Value of 1.33, and an EV to EBITDA ratio of 2.13, which are relatively high compared to its peers. For instance, CrossFirst Bankshares, Inc. has a P/E of 10.04 and an EV to EBITDA of 0.00, while Mercantile Bank Corp. shows a P/E of 9.69, suggesting that South Plains Financial is priced at a premium compared to these competitors.
In terms of recent performance, South Plains Financial has shown a year-to-date return of 7.51%, which lags behind the S&P 500's return of 11.41% over the same period. Additionally, the company's 3-year return of 32.53% significantly underperforms the S&P 500's 81.39%, reinforcing the notion that the stock may be overvalued at its current price of 37.36.