Stock fact sheet · data as of
AmeriServ Financial, Inc. (ASRV): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Defensive
Is ASRV undervalued?
AmeriServ Financial, Inc. (ASRV) closed at 4.46 on 16 Oct 2026, 20% above the GLS average fair value of 3.72. Only 3 of the 9 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" rule of the Sunday Scan; a premium of this size is common for companies whose growth the models are conservative about.
The 9 models disagree widely: DCF gives 0.8514 while Graham Number gives 9.05. 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.
The nightly engine files ASRV under Defensive: a low beta, a dividend and positive earnings.
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 | 0.8514 | -81% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 9.05 | +103% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 8.10 | +82% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 2.01 | -55% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 1.47 | -67% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 3.61 | -19% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 1.03 | -77% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 1.77 | -60% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 5.58 | +25% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -74.21 | -1764% | 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
On financial health ASRV scores 7/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is low at 4.7 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC 2.9%, ROE 4.7%, ROA 0.4% - with debt at 0.63 times equity and a free-cash-flow yield of 1.2%.
The dividend yield is 2.69% at a payout ratio of 24%; 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 | 7 / 9 | ROIC | 2.9% |
|---|---|---|---|
| GLS Moat | 4.7 / 10 | ROE | 4.7% |
| Debt / equity | 0.63 | ROA | 0.4% |
| Free-cash-flow yield | 1.2% | Payout ratio | 24% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 51: Fair
ASRV scores 51 out of 100 on the Wheel Score (Fair band, 50-64): a usable but unremarkable fit for the wheel strategy. The parts: Value 4/25, Health 16/20, Moat 7/15, Premium 18/20, Stability 6/20. Value (4/25) is where the points are missing.
Implied volatility is 68% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (18 of 20) because volatility this high usually comes with a reason. Chain open interest is thin - 402 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 8k shares a day on a market cap of $76M, 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 gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 4 / 25 | -20% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 7 / 15 | moat 4.7/10 | |
| Premium | 18 / 20 | implied volatility 68% | |
| Stability | 6 / 20 | 8k shares/day, $76M cap, beta 0.43 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
AmeriServ Financial, Inc. reports earnings on 20 Oct 2026 - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
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 |
|---|---|---|---|---|---|
| REDW Redwood Financial, Inc. | 185.01 | 144.55 | -28% | 13No options | $75M |
| NSTS NSTS Bancorp, Inc. | 14.26 | 58.62 | +76% | 39No options | $75M |
| LFGP Ledyard Financial Group, Inc. | 21.49 | 28.24 | +24% | 39No options | $75M |
| RVCB River Valley Community Bancorp | 24.56 | 22.39 | -10% | 31No options | $77M |
| MNMB Merchants & Marine Bancorp, Inc. | 58.50 | 156.84 | +63% | 39No options | $78M |
| FRSB First Resource Bancorp Inc. | 25.99 | 73.68 | +65% | 39No options | $78M |
| HFBL Home Federal Bancorp, Inc. of Louisiana | 24.12 | 23.23 | -4% | 39No options | $73M |
| JUVF Juniata Valley Financial Corp. | 15.60 | 26.65 | +41% | 39No options | $79M |
| SVBT SVB & T Corporation | 71.75 | 130.47 | +45% | 39No options | $79M |
| FBTT First Bankers Trustshares, Inc. | 26.47 | 37.87 | +30% | 39No options | $79M |
| CCBC Chino Commercial Bancorp | 18.75 | 26.19 | +28% | 39No options | $72M |
| GSBX Golden State Bancorp | 39.31 | 66.10 | +41% | 39No options | $72M |
⚖ Compare ASRV with 7 of them All Financial Services stocks →
Screen the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about ASRV
Is ASRV undervalued right now?
No: at 4.46 the stock trades 20% above the GLS average fair value of 3.72 (data as of 16 Oct 2026). The margin of safety is negative.
What is the Wheel Score of ASRV and what does it mean?
ASRV scores 51 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for ASRV?
3.72 per share as of 16 Oct 2026 - the simple average of the 9 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 20 Oct 2026, 4 days from the data date of 16 Oct 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 36 listed contracts with 402 open interest across all expiries and implied volatility of 68% 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.