Is Webster Financial Corp. overvalued or undervalued?

As of 19 October 2023, Webster Financial Corp. has moved from an attractive to a fair valuation grade. The company appears to be fairly valued at this time. Key ratios include a P/E ratio of 12, an EV to EBIT of 9.03, and a Price to Book Value of 1.00. In comparison, its peer, which has a P/E of approximately 11.28, suggests that Webster is in line with industry standards.
Webster's return on equity (ROE) stands at 8.38%, while its return on capital employed (ROCE) is 11.06%. The company's dividend yield is notably high at 151.44%, which may attract income-focused investors. Although the stock has outperformed the S&P 500 over the past year with a return of 29.98% compared to the index's 10.26%, the overall valuation indicates that it is fairly priced in the current market environment.