Is U.S. Bancorp overvalued or undervalued?

As of 14 November 2025, U.S. Bancorp's valuation grade has moved from fair to attractive, indicating a shift towards a more favorable assessment. 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 to peers, JPMorgan Chase & Co. is considered expensive with a P/E of 20.10, while Bank of America Corp. is fairly valued with a P/E of 12.90, highlighting U.S. Bancorp's relative attractiveness in the market.
Despite recent underperformance against the S&P 500, with a year-to-date return of -1.53% compared to the index's 14.49%, the long-term outlook remains positive, as evidenced by a 3-year return of 7.41% versus the S&P 500's 70.17%. This suggests that while short-term performance may be lacking, the valuation metrics indicate that U.S. Bancorp is positioned well for future growth.