Is Virginia National Bankshares Corp. overvalued or undervalued?

As of 28 November 2025, Virginia National Bankshares Corp. has moved from an attractive to a fair valuation grade. The company appears to be overvalued based on its current metrics. Key ratios include a P/E ratio of 11, a Price to Book Value of 1.19, and an EV to EBITDA of 8.76, which are below the industry averages. In comparison, Community West Bancshares has a P/E of 15.19, while Bankwell Financial Group, Inc. has a fair valuation with a P/E of 17.22, indicating that Virginia National is lagging behind its peers.
Despite a recent stock return of 6.28% year-to-date, which is significantly lower than the S&P 500's 16.45% return, the longer-term performance shows a stark contrast, with a 3-year return of 16.17% compared to the S&P 500's 72.78%. This suggests that while the stock has had some short-term gains, it has underperformed relative to broader market benchmarks over longer periods, reinforcing the view that it may be overvalued at current levels.