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 shift towards a more favorable assessment. The company appears 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 to peers, 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, reinforcing U.S. Bancorp's relative attractiveness.
Despite a year-to-date return of -0.52% compared to the S&P 500's 14.40%, U.S. Bancorp has shown resilience with a 3-year return of 6.04% against the S&P 500's 76.76%. This suggests that while the stock has underperformed recently, its valuation metrics indicate potential for future appreciation.