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 being undervalued. The company appears undervalued with a P/E ratio of 15, a Price to Book Value of 1.64, and a PEG Ratio of 0.96, which suggests that it is trading at a reasonable price relative to its growth prospects. In comparison, 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 current market.
Despite recent underperformance, with a year-to-date return of -4.93% compared to the S&P 500's 14.49%, the long-term outlook remains positive, as evidenced by a 3-year return of 6.31% versus the S&P 500's 70.17%. This suggests that while the stock may be facing short-term challenges, its valuation metrics indicate potential for recovery and growth.