Is Zions Bancorporation, NA overvalued or undervalued?

As of 20 June 2025, Zions Bancorporation, NA has moved from a fair to an attractive valuation grade, indicating a shift towards being undervalued. The company currently exhibits a P/E ratio of 9, a Price to Book Value of 1.15, and an EV to EBITDA of 6.64. In comparison to its peers, Zions Bancorporation's P/E ratio is notably lower than Huntington Bancshares, Inc. at 11.06 and Regions Financial Corp. at 9.98, reinforcing its attractive valuation.
Given these metrics, Zions Bancorporation appears to be undervalued in the current market. The PEG ratio of 0.33 further supports this assessment, suggesting that the stock is priced favorably relative to its growth potential. Additionally, while the company has underperformed the S&P 500 year-to-date with a return of -8.81% compared to the index's 2.44%, its strong 1-year return of 19.93% indicates potential for recovery and growth.