Is U.S. Bancorp overvalued or undervalued?

As of 14 November 2025, the valuation grade for U.S. Bancorp has moved from fair to attractive, indicating a positive shift in its valuation outlook. The company appears to be undervalued, with a P/E ratio of 15, a Price to Book Value of 1.64, and an EV to EBITDA ratio of 14.03, which are competitive compared to its peers. Notably, JPMorgan Chase & Co. has a higher P/E of 20.10, while Bank of America Corp. stands at a lower P/E of 12.90, suggesting that U.S. Bancorp may offer a more favorable valuation relative to these competitors.
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 promising, 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 has lagged, the company's valuation metrics indicate it may be a compelling investment opportunity moving forward.