Is WaFd, Inc. overvalued or undervalued?

As of 28 June 2024, WaFd, Inc. has moved from an expensive to a fair valuation grade. The company is currently fairly valued based on its financial metrics. Key ratios include a P/E ratio of 19, a Price to Book Value of 1.45, and an EV to EBITDA of 19.17.
In comparison to its peers, WaFd, Inc. has a P/E ratio that is lower than UMB Financial Corp. at 19.78 but higher than Cadence Bank, which stands at 9.89. This suggests that while WaFd is fairly valued, it is positioned competitively within its peer group. Notably, the company's recent stock performance has shown a 2.93% return over the past week, contrasting with a slight decline in the S&P 500, which reinforces its relative strength in the market.