Is Stock Yards Bancorp, Inc. overvalued or undervalued?

As of 14 November 2025, the valuation grade for Stock Yards Bancorp, Inc. has moved from fair to attractive, indicating a more favorable assessment of its value. The company appears to be undervalued, supported by a P/E ratio of 18, a Price to Book Value of 2.29, and an EV to EBITDA of 14.87. In comparison to its peers, Trustmark Corp. has a more attractive P/E of 11.24, while Banner Corp. shows a P/E of 12.84, suggesting that Stock Yards Bancorp may offer better value relative to its performance metrics.
Despite the positive valuation outlook, the company's recent stock performance has lagged behind the S&P 500, with a year-to-date return of -7.08% compared to the index's 14.49%. This underperformance is notable over multiple periods, particularly in the 3-year and 1-year comparisons, where the company returned -9.96% and -10.60%, respectively, while the S&P 500 saw substantial gains.