Stock fact sheet · data as of
Community Trust Bancorp, Inc. (CTBI): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Defensive
Is CTBI undervalued?
CTBI has a margin of safety of 30%: the stock closed at 74.43 on 16 Oct 2026 against a GLS average fair value of 107.06. 4 of the 9 valuation models that produced a number sit above the price. Our screens 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 11.25 while DCF gives 312.39. 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 Defensive: a low beta, a dividend and positive earnings.
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 | 312.39 | +320% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 81.50 | +9% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 71.70 | -4% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 11.25 | -85% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 49.46 | -34% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 178.03 | +139% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 158.92 | +114% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 33.84 | -55% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 66.43 | -11% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -34.53 | -146% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 81.50 | +9% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health CTBI 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 6.7 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.
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 9.3%.
The dividend yield is 3.09% at a payout ratio of 35%; 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 | 7 / 9 | ROIC | 7.9% |
|---|---|---|---|
| GLS Moat | 6.7 / 10 | ROE | 11.5% |
| Debt / equity | 0.46 | ROA | 1.5% |
| Free-cash-flow yield | 9.3% | Payout ratio | 35% |
| Institutions | 8 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 80: Prime
CTBI scores 80 out of 100 on the Wheel Score, in the Prime band (80 and above), which fewer than one stock in twenty reaches on any night. The score blends five things a wheel trader checks before selling a cash-secured put: the margin of safety (Value, 25/25), Piotroski health (16/20), the GLS moat (10/15), the option premium on offer (20/20) and how easily the stock trades (9/20).
Implied volatility is 36% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 89 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 129k shares a day on a market cap of $1.4B, with a beta of 0.56 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 9 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 30% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 10 / 15 | moat 6.7/10 | |
| Premium | 20 / 20 | implied volatility 36% | |
| Stability | 9 / 20 | 129k shares/day, $1.4B cap, beta 0.56 |
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
Community Trust Bancorp, Inc. reports earnings on 21 Oct 2026 (before the open) - 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 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 |
|---|---|---|---|---|---|
| WABC Westamerica Bancorporation | 58.70 | 68.31 | +14% | 70Good | $1.4B |
| TMP Tompkins Financial Corporation | 95.86 | 129.17 | +26% | 72Good | $1.4B |
| FMBH First Mid Bancshares, Inc. | 49.29 | 62.77 | +21% | 72Good | $1.3B |
| AMAL Amalgamated Financial Corp. | 47.09 | 76.20 | +38% | 84Prime | $1.4B |
| BHRB Burke & Herbert Financial Services Corp. | 69.75 | 95.74 | +27% | 39No options | $1.4B |
| PEBO Peoples Bancorp Inc. | 35.79 | 52.53 | +32% | 81Prime | $1.3B |
| HBT HBT Financial, Inc. | 35.37 | 37.22 | +5% | 64Fair | $1.3B |
| LKFN Lakeland Financial Corporation | 57.91 | 53.65 | -8% | 67Good | $1.4B |
| ESQ Esquire Financial Holdings, Inc. | 118.95 | 148.10 | +20% | 39No options | $1.4B |
| OSBC Old Second Bancorp, Inc. | 24.85 | 30.72 | +19% | 76Good | $1.3B |
| TFIN Triumph Financial, Inc. | 61.26 | 46.74 | -31% | 49Weak | $1.5B |
| CASH Pathward Financial, Inc. | 72.12 | 296.28 | +76% | 83Prime | $1.5B |
⚖ Compare CTBI with 7 of them All Financial Services stocks →
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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 CTBI
Is CTBI undervalued right now?
By the GLS models, yes: at 74.43 the stock is 30% below the average fair value of 107.06 (data as of 16 Oct 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 80 out of 100 (Prime). 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 CTBI?
107.06 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 Community Trust Bancorp, Inc. report earnings next?
The next earnings report is due on 21 Oct 2026 (before the open), 5 days from the data date of 16 Oct 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 154 listed contracts with 89 open interest across all expiries and implied volatility of 36% 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.