Is UMB Financial Corp. overvalued or undervalued?

As of 14 November 2025, the valuation grade for UMB Financial Corp. has moved from fair to attractive, indicating a more favorable assessment of its worth. The company appears to be undervalued, especially when considering its P/E ratio of 21, which is slightly below the peer average of 21.53 for Comerica, Inc. and significantly higher than Old National Bancorp's attractive P/E of 15.09. Additionally, the Price to Book Value stands at 1.28, suggesting a reasonable valuation relative to its assets.
In terms of performance, UMB Financial Corp. has faced challenges, with a year-to-date return of -7.86%, significantly underperforming the S&P 500's 14.49% during the same period. This trend continues with a one-year return of -15.36% compared to the S&P 500's 13.19%. Despite these setbacks, the company’s valuation metrics, including an EV to EBITDA of -0.85 and a ROE of 6.11%, suggest that it may present a buying opportunity for investors looking for value in the banking sector.