Is UMB Financial Corp. overvalued or undervalued?

As of 7 November 2025, UMB Financial Corp. has moved from an attractive to a fair valuation grade. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 21, a Price to Book Value of 1.28, and a ROE of 6.11%. In comparison to peers, Comerica, Inc. has a P/E of 21.53, while Old National Bancorp stands at 15.09, indicating that UMB is positioned in the middle of its competitive landscape.
Despite a recent positive return of 1.97% over the past week, UMB Financial Corp. has underperformed the S&P 500 in the longer term, with a year-to-date return of -3.43% compared to the S&P 500's 14.40%. This trend suggests that while the stock may be fairly valued, its performance relative to the broader market raises some concerns about future growth potential.