Is U.S. Bancorp overvalued or undervalued?

As of 7 November 2025, the valuation grade for U.S. Bancorp has moved from fair to attractive, indicating a positive shift in its perceived value. The company appears to be undervalued, supported by a P/E ratio of 15, a PEG ratio of 0.96, and a price-to-book value of 1.64. In comparison, Bank of America Corp. has a P/E of 12.90, while JPMorgan Chase & Co. is considered expensive with a P/E of 20.10.
Despite recent performance, U.S. Bancorp's stock has underperformed relative to the S&P 500 over the longer term, with a 3-year return of 8.71% compared to the S&P 500's 76.76%. However, the company's attractive valuation metrics suggest potential for future growth and recovery.