Stock fact sheet · data as of
AmeriServ Financial, Inc. (ASRV): fair value, margin of safety and Wheel Score
Ticker symbol ASRV · Financial Services · Banks - Regional · United States · Value
Is ASRV undervalued?
AmeriServ Financial, Inc. (ASRV) closed at 4.77 on 5 Nov 2026, 19% above the GLS average fair value of 4.01. Only 3 of the 8 models that produced a number value the shares above the current price. The margin of safety is negative, so the stock fails the "below fair value" Wheel Trade Filter; a premium of this size is common for companies whose growth the models are conservative about.
The 8 models disagree widely: DCF gives 0.8849 while Graham Number gives 9.30. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, ASRV is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 66, growth score 28, out of 100).
Nine valuation models for ASRV
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 0.8849 | -81% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 9.30 | +95% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 8.62 | +81% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 2.14 | -55% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 1.56 | -67% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 1.88 | -61% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 1.77 | -63% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 5.94 | +25% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -74.21 | -1656% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - ASRV passes 6 of the nine Piotroski tests, which passes the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 3.1 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are thin or negative - ROIC 2.9%, ROE 4.7%, ROA 0.4% - with debt at 0.63 times equity and negative free cash flow.
The dividend yield is 2.52% at a payout ratio of 17%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Asset Management 80%, Financial Service, Other 13%, Deposit Account 7% (quarter Q2 FY2026).
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 2.9% |
|---|---|---|---|
| GLS Moat | 3.1 / 10 | ROE | 4.7% |
| Debt / equity | 0.63 | ROA | 0.4% |
| Free-cash-flow yield | -1.1% | Payout ratio | 17% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 30: Weak
ASRV scores 30 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 1, options that actually trade - options too quiet (0 open interest, 0 a day); and filter 3, below fair value - trades 19% above our fair value; and filter 8, big enough - market cap $81M (under $1.0B); and filter 9, not a penny stock - price 4.77 (under $5), and the parts are thin too - value weak, premium strong, moat weak, health good, red flags strong, option trading weak, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 69% on the near-the-money contracts 20-60 days out - above the 60% top of the sweet spot. It still passes the 25-80% filter, but the Wheel Score rewards it less because volatility this high usually comes with a reason. Chain open interest is thin - 0 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 17k shares a day on a market cap of $81M, with a beta of 0.43 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (0 open interest, 0 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 19% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $81M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 4.77 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 19% above fair value | |
| Premium | Strong | implied volatility 69% | |
| Moat | Weak | moat 3.1/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Strong | Red Flags score 90/100 | |
| Option trading | Weak | 0 contracts a day, 0 open interest | |
| Stability | Fair | beta 0.43, $81M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 19 Jan 2027, 75 days away - outside the window of a 30-45-day put sold today.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to AmeriServ Financial, Inc. by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| JUVF Juniata Valley Financial Corp. | 16.00 | 23.24 | +31% | 35No options | $81M |
| IBTN InsCorp, Inc. | 28.15 | 14.10 | -100% | 18No options | $82M |
| MNMB Merchants & Marine Bancorp, Inc. | 60.00 | 156.76 | +62% | 31No options | $80M |
| UBCP United Bancorp, Inc. | 14.34 | 21.91 | +35% | 37No options | $82M |
| FDVA Freedom Financial Holdings, Inc. | 11.60 | 3.69 | -215% | 15No options | $82M |
| FBTT First Bankers Trustshares, Inc. | 26.50 | 40.44 | +34% | 27No options | $79M |
| CYFL Century Financial Corporation | 50.10 | 135.37 | +63% | 33No options | $83M |
| KEFI Keweenaw Financial Corporation | 72.00 | 79.33 | +9% | 23No options | $83M |
| CZNL Citizens National Corporation | 85.00 | 69.75 | -22% | 20No options | $83M |
| SVBT SVB & T Corporation | 75.41 | 130.88 | +42% | 33No options | $83M |
| RVCB River Valley Community Bancorp | 25.00 | 23.39 | -7% | 18No options | $78M |
| LFGP Ledyard Financial Group, Inc. | 22.50 | 30.14 | +25% | 27No options | $78M |
⚖ Compare ASRV with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about ASRV
Is ASRV undervalued right now?
No: at 4.77 the stock trades 19% above the GLS average fair value of 4.01 (data as of 5 Nov 2026). The margin of safety is negative.
What is the Wheel Score of ASRV and what does it mean?
ASRV scores 30 out of 100 (Weak) - it fails Wheel Trade Filters 1, 3, 8, 9. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for ASRV?
4.01 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does AmeriServ Financial, Inc. report earnings next?
The next earnings report is due on 19 Jan 2027, 75 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does ASRV have listed options, and how liquid are they?
Yes. The nightly snapshot found 4 listed contracts with 0 open interest across all expiries and implied volatility of 69% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.