Is The First Bancorp, Inc. (Maine) overvalued or undervalued?

As of 23 April 2025, the valuation grade for The First Bancorp, Inc. (Maine) has moved from expensive to very attractive, indicating a significant improvement in its perceived value. The company appears undervalued, supported by a P/E ratio of 10, a Price to Book Value of 1.05, and an EV to EBIT of 13.70. In comparison to peers, First Financial Corp. (Indiana) has a P/E of 14.27, while Farmers National Banc Corp. shows a more attractive valuation with a P/E of 11.62.
Despite its recent stock performance lagging behind the S&P 500 over the longer term, with a 1Y return of 1.32% compared to the S&P 500's 17.14%, the company's current valuation metrics suggest it is positioned well for future growth. The substantial dividend yield of 582.84% also enhances its attractiveness to investors.