Is Alerus Financial Corporation overvalued?

Alerus Financial Corporation (ALRS) looks undervalued — trading about 18% below its fair value.

Undervalued

Price

$32.06

Fair value

$37.76

Current P/E

10.3

Normal P/E

12.1

Market cap

$805.6M

Dividend yield

2.7%

Return on equity

4.9%

Sector

Financial Services

Fair value compares ALRS's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 24 Sep 2026.

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