Is The Bank of New York Mellon Corp. overvalued or undervalued?

As of 28 November 2025, The Bank of New York Mellon Corp. has moved from a fair to an expensive valuation grade. The company appears to be overvalued based on its current metrics, with a P/E ratio of 24, a Price to Book Value of 2.68, and an EV to EBITDA of 3.58. In comparison to peers, Morgan Stanley has a P/E of 18.52, while The Charles Schwab Corp. has a P/E of 25.67, indicating that BNY Mellon is trading at a premium relative to some competitors.
Despite the overvaluation, the company has demonstrated strong recent performance, with a year-to-date return of 45.91%, significantly outperforming the S&P 500's return of 16.45% over the same period. However, the long-term 10-year return of 180.60% for BNY Mellon lags behind the S&P 500's 227.69%, further emphasizing the need for caution in its current valuation.