Is TrustCo Bank Corp. NY overvalued or undervalued?

As of 28 November 2025, the valuation grade for TrustCo Bank Corp. NY has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 12, a price-to-book value of 0.91, and a ROE of 7.41%. In comparison, a peer like TrustCo Bank Corp. NY has a higher P/E ratio of 14.54, suggesting that the market may be valuing its peers more favorably.
The company's recent performance shows mixed results against the S&P 500, with a year-to-date return of 26.48% compared to the S&P 500's 16.45%, indicating that it has outperformed the benchmark in the short term. However, over longer periods, such as the 3-year and 5-year returns, TrustCo has lagged significantly behind the S&P 500, which raises concerns about its long-term growth prospects. Overall, TrustCo Bank Corp. NY is fairly valued at this time.