Is The First of Long Island Corp. overvalued or undervalued?

As of 10 March 2023, the valuation grade for The First of Long Island Corp. moved from attractive to very attractive, indicating a strong improvement in its perceived value. The company appears undervalued based on its key ratios, including a P/E ratio of 14, a price to book value of 0.70, and an EV to EBITDA of 27.38. In comparison to peers, First Financial Corp. has a P/E of 14.27, while Farmers National Banc Corp. shows a more attractive P/E of 11.62, reinforcing the notion that The First of Long Island Corp. is priced favorably within its sector.
Despite recent stock performance showing a 20.88% return over the past year compared to the S&P 500's 17.14%, the longer-term outlook reveals a concerning -36.42% return over three years, suggesting volatility and challenges ahead. Overall, the combination of strong valuation ratios and a favorable peer comparison supports the conclusion that The First of Long Island Corp. is currently undervalued.