Is UMB Financial Corp. overvalued or undervalued?

As of 14 November 2025, UMB Financial Corp. has moved from fair to attractive in its valuation grade. The company appears to be undervalued based on its current metrics, with a P/E ratio of 21, a Price to Book Value of 1.28, and an EV to Capital Employed ratio of 0.18. In comparison, peers such as Comerica, Inc. have a P/E of 21.53, while Old National Bancorp shows a more attractive P/E of 15.09, indicating that UMB Financial may offer better value relative to some of its competitors.
Despite its attractive valuation grade, UMB Financial Corp. has underperformed against the S&P 500 in recent periods, with a year-to-date return of -3.95% compared to the S&P 500's 14.49%. This trend continues over one year, where UMB's return is -11.77% versus the S&P 500's 13.19%. Overall, while the valuation metrics suggest an undervalued position, the recent stock performance indicates potential challenges ahead.