Is Trustmark Corp. overvalued or undervalued?

As of 22 July 2025, Trustmark Corp. has moved from a very expensive to a fair valuation grade. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 35, a Price to Book Value of 1.04, and an EV to EBITDA of 41.92, which suggest that while the company is not undervalued, it is also not excessively priced compared to its peers.
In comparison to its peers, Trustmark Corp. has a P/E ratio that is higher than Renasant Corp. at 21.73 and WesBanco, Inc. at 17.59, indicating a relative premium. However, it is worth noting that BankUnited, Inc. is considered attractive with a P/E of 11.46, suggesting that there may be better value opportunities in the sector. Over the past year, Trustmark Corp. has returned 25.37%, outperforming the S&P 500's 17.14%, which supports the notion that the stock is performing well relative to the broader market.