Is UMB Financial Corp. overvalued or undervalued?

As of 31 July 2025, UMB Financial Corp. has moved from an attractive to a fair valuation grade. Based on the current metrics, the company appears to be fairly valued. The P/E ratio stands at 21, while the Price to Book Value is 1.28, and the ROE is 6.11%.
In comparison to peers, Comerica, Inc. has a higher P/E ratio of 21.53, while Zions Bancorporation, NA has a significantly lower P/E of 10.08, indicating a diverse valuation landscape within the industry. Despite UMB Financial Corp.'s recent stock performance, which has outpaced the S&P 500 over the past week and month, the year-to-date return of 10.03% lags behind the S&P 500's 12.22%, suggesting that while the stock is performing well, it may not be significantly undervalued at this time.