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. Based on the current metrics, the company appears to be overvalued. The P/E ratio stands at 21, which is higher than the peer average of 19.64 for UMB Financial Corp., while the Price to Book Value is 1.28, indicating a premium over its book value. Additionally, the ROE is at 6.11%, which is relatively low compared to peers like Old National Bancorp, which has a more favorable P/E of 15.09.
In terms of peer comparison, Comerica, Inc. has a P/E of 21.53, while Zions Bancorporation, NA has a lower P/E of 10.08, suggesting that UMB Financial Corp. is priced higher than some of its peers despite its lower performance metrics. Furthermore, the company's recent stock performance shows a 1-week return of 1.97%, contrasting with the S&P 500's decline of 1.63%, but over longer periods, UMB Financial Corp. has underperformed the index, particularly with a year-to-date return of -3.43% compared to the S&P 500's 14.40%.