Stock fact sheet · data as of
Commencement Bancorp Inc. (CBWA): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Value
Is CBWA undervalued?
At 19.09 (close of 16 Oct 2026), CBWA trades 12% under the GLS average fair value of 21.57. 4 of the 8 models that produced a value land above the price. A discount of this size counts as a positive margin of safety in every GLS screen; whether it is enough depends on the rest of the picture - the health score, the moat and the option premium below.
There is a wide gap between Payback Time (1.78) and Graham Growth (53.63). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files CBWA under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for CBWA
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 | 23.06 | +21% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 27.45 | +44% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 53.63 | +181% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 19.01 | -0% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 12.69 | -34% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 12.97 | -32% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 1.78 | -91% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 22.01 | +15% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -164.25 | -960% | 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
Commencement Bancorp Inc. scores 6 of 9 on the Piotroski F-score: a middling result that passes the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability CBWA scores 6.0/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are moderate - ROIC 9.8%, ROE 11.1%, ROA 1.0% - with debt at 0.13 times equity and negative free cash flow.
Commencement Bancorp Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
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 | 9.8% |
|---|---|---|---|
| GLS Moat | 6.0 / 10 | ROE | 11.1% |
| Debt / equity | 0.13 | ROA | 1.0% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
No options are listed on Commencement Bancorp Inc. in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 39) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 0k shares a day on a market cap of $71M, with a beta of 0.12 - 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 | 17 / 25 | 12% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 9 / 15 | moat 6.0/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 0k shares/day, $71M cap, beta 0.12 |
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
No upcoming earnings date is recorded for CBWA in the nightly calendar.
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 Commencement Bancorp 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 |
|---|---|---|---|---|---|
| PBKX Partners Bank of California | 15.95 | 22.68 | +30% | 39No options | $71M |
| DWNX Delhi Bank Corp. | 21.15 | 10.59 | -100% | 23No options | $71M |
| MVLY Mission Valley Bancorp | 21.40 | 21.99 | +3% | 31No options | $72M |
| GSBX Golden State Bancorp | 39.31 | 66.10 | +41% | 39No options | $72M |
| CCBC Chino Commercial Bancorp | 18.75 | 26.19 | +28% | 39No options | $72M |
| CBAF CITBA Financial Corporation | 46.39 | 98.11 | +53% | 39No options | $70M |
| HFBL Home Federal Bancorp, Inc. of Louisiana | 24.12 | 23.23 | -4% | 39No options | $73M |
| HFBK Harford Bank | 44.79 | 96.42 | +54% | 39No options | $68M |
| LFGP Ledyard Financial Group, Inc. | 21.49 | 28.24 | +24% | 39No options | $75M |
| NSTS NSTS Bancorp, Inc. | 14.26 | 58.62 | +76% | 39No options | $75M |
| CLST Catalyst Bancorp, Inc. | 16.75 | 20.94 | +20% | 39No options | $68M |
| REDW Redwood Financial, Inc. | 185.01 | 144.55 | -28% | 13No options | $75M |
⚖ Compare CBWA with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about CBWA
Is CBWA undervalued right now?
By the GLS models, moderately: at 19.09 the stock trades 12% below the average fair value of 21.57 (data as of 16 Oct 2026).
What is the Wheel Score of CBWA and what does it mean?
CBWA has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for CBWA?
21.57 per share as of 16 Oct 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 Commencement Bancorp Inc. report earnings next?
No upcoming earnings date is recorded for CBWA in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does CBWA have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on CBWA, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.