Is Trustmark Corp. overvalued or undervalued?

As of 18 June 2025, Trustmark Corp. has moved from a valuation grade of very expensive to expensive. The company is currently considered overvalued. Key ratios include a P/E ratio of 35, an EV to EBIT of 143.08, and a Price to Book Value of 1.04, all of which suggest that the company's valuation is significantly higher than its peers.
In comparison, Renasant Corp. has a P/E ratio of 16.22, and WesBanco, Inc. has a P/E ratio of 23.62, indicating that Trustmark Corp. is trading at a premium relative to these peers. Notably, Trustmark's ROE stands at a mere 3.00%, which further emphasizes its overvaluation when compared to industry standards. Additionally, while Trustmark has outperformed the S&P 500 over the past year with a return of 22.21%, its long-term performance lags significantly behind, suggesting potential concerns about sustainability at its current valuation.