Is Wintrust Financial Corp. overvalued or undervalued?

As of 10 November 2023, Wintrust Financial Corp. has moved from an attractive to a fair valuation grade. The company is currently fairly valued based on its financial metrics. Key ratios include a P/E ratio of 12, a Price to Book Value of 1.27, and an EV to EBIT of 8.61.
In comparison to its peers, Wintrust's P/E ratio of 12 is lower than East West Bancorp, Inc. at 12.82 and First Horizon Corp. at 12.18, both of which are also rated fair. Notably, Ally Financial, Inc. is considered expensive with a P/E of 17.41. While Wintrust's recent stock performance shows a 30.24% return over the past year, outperforming the S&P 500's 10.26%, this does not significantly alter its fair valuation status.