Is Stock Yards Bancorp, Inc. overvalued or undervalued?

As of 7 November 2025, Stock Yards Bancorp, Inc. has moved from an attractive to a fair valuation grade. Based on the current metrics, the company appears to be overvalued. The P/E ratio stands at 18, while the industry average is not provided, indicating a potential premium. The EV to EBITDA ratio is 14.87, and the PEG ratio is 1.13, suggesting that growth expectations may not justify the current price.
In comparison to peers, Trustmark Corp. has a P/E of 11.24, and Banner Corp. has a P/E of 12.84, both indicating that Stock Yards Bancorp is trading at a higher valuation relative to these companies. Additionally, the company's recent stock performance shows a decline of 7.27% over the past year, while the S&P 500 has increased by 12.65%, reinforcing the notion that the stock may be overvalued.