Is It Time To Revisit Valley National Bancorp (VLY) After Its 41% One-Year Rally?

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Valley National Bancorp (VLY) has seen a 41.5% rally over the last year, prompting a valuation review. Using an Excess Returns model, the stock appears 53.5% undervalued with an estimated intrinsic value of US$26.20 per share. The company also seems undervalued based on its P/E ratio of 11.92x compared to Simply Wall St’s Fair Ratio of 14.17x, despite being slightly above the industry average.

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