Stock fact sheet · data as of
Community Trust Bancorp, Inc. (CTBI): fair value, margin of safety and Wheel Score
Ticker symbol CTBI · Financial Services · Banks - Regional · United States · Speculative
Is CTBI undervalued?
CTBI has a margin of safety of 32%: the stock closed at 70.71 on 5 Nov 2026 against a GLS average fair value of 104.51. 5 of the 9 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 9 models disagree widely: Lynch gives 27.91 while DCF gives 312.93. 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 CTBI under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for CTBI
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 | 312.93 | +343% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 81.55 | +15% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 105.16 | +49% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 27.91 | -61% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 56.96 | -19% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 138.66 | +96% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 115.93 | +64% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 33.84 | -52% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 67.63 | -4% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -34.53 | -149% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 81.50 | +15% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: CTBI passes 3 of the nine Piotroski tests. Our scans drop the stock at the health filter; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is 8.4 out of 10 - high returns on capital, steady margins and growth that held up through bad years point to a durable business.
Returns on capital are moderate - ROIC 7.9%, ROE 11.5%, ROA 1.5% - with debt at 0.46 times equity and a free-cash-flow yield of 7.0%.
The dividend yield is 3.25% at a payout ratio of 26%; 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.
Institutional ownership scores 8/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | 7.9% |
|---|---|---|---|
| GLS Moat | 8.4 / 10 | ROE | 11.5% |
| Debt / equity | 0.46 | ROA | 1.5% |
| Free-cash-flow yield | 7.0% | Payout ratio | 26% |
| Institutions | 8 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 48: Weak
CTBI scores 48 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 1, options that actually trade - options too quiet (61 open interest, 39 a day); and filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 4, financially healthy - Piotroski 3/9 (under 6), and the parts are thin too - value strong, premium strong, moat strong, health weak, red flags good, 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 37% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 61 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 194k shares a day on a market cap of $1.3B, with a beta of 0.57 - 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 (61 open interest, 39 a day) |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 3/9 (under 6) |
| 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 | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 32% below fair value | |
| Premium | Strong | implied volatility 37% | |
| Moat | Strong | moat 8.4/10 | |
| Health | Weak | Piotroski 3/9 | |
| Red Flags | Good | Red Flags score 82/100 | |
| Option trading | Weak | 39 contracts a day, 61 open interest | |
| Stability | Fair | beta 0.57, $1.3B 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 20 Jan 2027, 76 days away - outside the window of a 30-45-day put sold today. The next ex-dividend date is 15 Dec 2026 (0.6500 per share).
No analyst upgrades or downgrades were recorded in the last 30 days.
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 Community Trust 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 |
|---|---|---|---|---|---|
| OSBC Old Second Bancorp, Inc. | 25.19 | 36.94 | +32% | 50Fair | $1.3B |
| PFBC Preferred Bank | 106.87 | 202.95 | +47% | 42Weak | $1.3B |
| MCB Metropolitan Bank Holding Corp. | 97.68 | 153.79 | +36% | 45Weak | $1.2B |
| HBT HBT Financial, Inc. | 37.81 | 40.86 | +7% | 35Weak | $1.4B |
| FMBH First Mid Bancshares, Inc. | 51.94 | 73.05 | +29% | 47Weak | $1.4B |
| FMBL Farmers & Merchants Bank of Long Beach | 9,850.00 | 9,205.09 | -7% | 19No options | $1.2B |
| HFWA Heritage Financial Corporation | 29.18 | 48.18 | +39% | 50Fair | $1.2B |
| AMTB Amerant Bancorp Inc. | 30.07 | 49.07 | +39% | 48Weak | $1.2B |
| WABC Westamerica Bancorporation | 61.28 | 63.28 | +3% | 36Weak | $1.4B |
| WTBFB W.T.B. Financial Corporation | 461.18 | 520.63 | +11% | 27No options | $1.2B |
| DCBG Dime Commercial Bancshares, Inc. | 26.29 | 65.88 | +60% | 31No options | $1.2B |
| PEBO Peoples Bancorp Inc. | 39.84 | 56.28 | +29% | 51Fair | $1.4B |
⚖ Compare CTBI with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about CTBI
Is CTBI undervalued right now?
By the GLS models, yes: at 70.71 the stock is 32% below the average fair value of 104.51 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of CTBI and what does it mean?
CTBI scores 48 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 4. 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 CTBI?
104.51 per share as of 5 Nov 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 Community Trust Bancorp, Inc. report earnings next?
The next earnings report is due on 20 Jan 2027, 76 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does CTBI have listed options, and how liquid are they?
Yes. The nightly snapshot found 44 listed contracts with 61 open interest across all expiries and implied volatility of 37% 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.