Is U.S. Bancorp overvalued or undervalued?

As of 17 July 2025, the valuation grade for U.S. Bancorp has moved from attractive to fair, indicating a shift in its perceived value. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 15, a Price to Book Value of 1.64, and a PEG Ratio of 0.96, which suggest that while the company is not undervalued, it is also not significantly overvalued compared to its peers.
In comparison to its industry, U.S. Bancorp's P/E ratio is in line with Bank of America Corp. at 12.90 and higher than JPMorgan Chase & Co. at 20.10, which is considered expensive. Additionally, the PEG ratio of 0.96 indicates that the stock is reasonably priced relative to its growth prospects. Over the past year, U.S. Bancorp has returned 11.13%, which is lower than the S&P 500's return of 17.14%, suggesting that while the stock has performed decently, it has lagged behind the broader market.