Is Southern States Bancshares, Inc. overvalued or undervalued?

As of 12 May 2025, the valuation grade for Southern States Bancshares, Inc. moved from fair to very attractive, indicating a strong improvement in its investment appeal. The company appears undervalued, supported by a P/E ratio of 9, which is significantly lower than the peer average of approximately 9.69. Additionally, the EV to EBITDA ratio stands at 4.25, further suggesting that the company is trading at a discount compared to its peers.
In comparison to its industry, Southern States Bancshares has a Price to Book Value of 1.18 and a PEG ratio of 3.81, which, while higher than some peers, still reflects a favorable valuation context given its strong ROCE of 29.58% and ROE of 12.79%. Notably, the company's one-year return of 33.17% outperformed the S&P 500's return of 17.14%, reinforcing the notion that it is an attractive investment opportunity.