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 worth. The company appears to be undervalued, particularly when considering its P/E ratio of 18, which is higher than peers like Trustmark Corp. at 11.24 and Banner Corp. at 12.84. Additionally, the EV to EBITDA ratio stands at 14.87, which suggests a reasonable valuation relative to earnings before interest, taxes, depreciation, and amortization.
In comparison to its peers, Stock Yards Bancorp's PEG ratio of 1.13 is competitive, especially against Trustmark Corp.'s significantly lower PEG of 0.0091. Despite recent underperformance, with a year-to-date return of -9.90% compared to the S&P 500's 14.49%, the company's strong ROCE of 13.96% and ROE of 12.50% indicate solid operational efficiency and profitability. Overall, these metrics suggest that Stock Yards Bancorp, Inc. is positioned as an attractive investment opportunity in the regional banks sector.