Stock fact sheet · data as of
Farmers National Banc Corp. (FMNB): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · High Yield Income
Is FMNB undervalued?
FMNB closed at 15.20 on 16 Oct 2026, 27% below the GLS average fair value of 20.95 from 9 models (6 of them above the price). That is a moderate margin of safety: the stock passes the "below fair value" rule of the Sunday Scan, and the Wheel Score gives it 24 of the 25 Value points.
There is a wide gap between GLS Growth (4.54) and Graham Growth (41.90). 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 FMNB under High Yield Income: a dividend yield above 4%.
Nine valuation models for FMNB
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 | 18.94 | +25% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 22.85 | +50% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 41.90 | +176% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 15.78 | +4% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 4.54 | -70% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 33.18 | +118% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 26.44 | +74% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 10.15 | -33% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 14.76 | -3% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -78.78 | -618% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 16.00 | +5% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Farmers National Banc Corp. 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 FMNB scores 5.1/10 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 6.4%, ROE 11.2%, ROA 1.0% - with debt at 0.76 times equity and a free-cash-flow yield of 6.7%.
The dividend yield is high at 4.54% (payout ratio 49%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Fiduciary and Trust 29%, Debit Card 24%, Deposit Account 23% (quarter Q2 FY2026).
Institutional ownership scores 7/10, insider activity 8/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 6.4% |
|---|---|---|---|
| GLS Moat | 5.1 / 10 | ROE | 11.2% |
| Debt / equity | 0.76 | ROA | 1.0% |
| Free-cash-flow yield | 6.7% | Payout ratio | 49% |
| Institutions | 7 / 10 | Insiders · Congress | 8 · 5 / 10 |
Wheel Score 76: Good
With a Wheel Score of 76 - the Good band - Farmers National Banc Corp. clears the Sunday Scan's "70 or higher" rule. The parts: Value 24/25, Health 13/20, Moat 8/15, Premium 20/20, Stability 11/20; Moat (8/15) scores lowest.
Implied volatility is 35% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (20 of 20 points). Chain open interest is thin - 118 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 349k shares a day on a market cap of $901M, with a beta of 0.80; the Stability part of the Wheel Score gives that 11 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 24 / 25 | 27% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 8 / 15 | moat 5.1/10 | |
| Premium | 20 / 20 | implied volatility 35% | |
| Stability | 11 / 20 | 349k shares/day, $901M cap, beta 0.80 |
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
Farmers National Banc Corp. reports earnings on 28 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 Farmers National Banc Corp. 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 |
|---|---|---|---|---|---|
| SBSI Southside Bancshares, Inc. | 30.22 | 39.38 | +23% | 74Good | $901M |
| FCBC First Community Bankshares, Inc. | 48.19 | 38.24 | -26% | 47Weak | $911M |
| MPB Mid Penn Bancorp, Inc. | 35.97 | 51.18 | +30% | 78Good | $911M |
| NBBK NB Bancorp, Inc. Common Stock | 22.37 | 59.58 | +62% | 72Good | $913M |
| TRST TrustCo Bank Corp NY | 53.87 | 44.21 | -22% | 53Fair | $917M |
| HAFC Hanmi Financial Corporation | 30.94 | 54.12 | +43% | 79Good | $917M |
| CPF Central Pacific Financial Corp. | 36.10 | 45.89 | +21% | 75Good | $929M |
| THFF First Financial Corporation | 73.01 | 103.28 | +29% | 75Good | $868M |
| CAC Camden National Corp. | 55.87 | 75.95 | +26% | 74Good | $944M |
| EGBN Eagle Bancorp, Inc. | 28.02 | 19.06 | -47% | 41Weak | $854M |
| SMBK SmartFinancial, Inc. | 49.76 | 53.46 | +7% | 65Good | $851M |
| GSBC Great Southern Bancorp, Inc. | 77.63 | 61.31 | -27% | 51Fair | $846M |
⚖ Compare FMNB with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about FMNB
Is FMNB undervalued right now?
By the GLS models, moderately: at 15.20 the stock trades 27% below the average fair value of 20.95 (data as of 16 Oct 2026).
What is the Wheel Score of FMNB and what does it mean?
FMNB scores 76 out of 100 (Good). 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 FMNB?
20.95 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 Farmers National Banc Corp. report earnings next?
The next earnings report is due on 28 Oct 2026 (before the open), 12 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does FMNB have listed options, and how liquid are they?
Yes. The nightly snapshot found 110 listed contracts with 118 open interest across all expiries and implied volatility of 35% 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.