Stock fact sheet · data as of
FS Bancorp (FXLG): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Defensive
Is FXLG undervalued?
FS Bancorp (FXLG) closed at 52.05 on 16 Oct 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 104.29, which puts the price 50% below it. 8 of the 9 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
There is a wide gap between DDM (22.51) and GLS Growth (232.97). 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 FXLG under Defensive: a low beta, a dividend and positive earnings.
Nine valuation models for FXLG
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 | 85.01 | +63% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 65.88 | +27% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 153.80 | +195% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 54.04 | +4% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 232.97 | +348% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 111.65 | +114% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 148.48 | +185% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 22.51 | -57% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 64.32 | +24% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -252.94 | -586% | 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
FS Bancorp scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of 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 FXLG scores 7.3/10 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 high - ROIC 14.2%, ROE 15.8%, ROA 1.6% - with debt at 0.11 times equity and negative free cash flow.
The dividend yield is 2.94% at a payout ratio of 0%; 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 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 14.2% |
|---|---|---|---|
| GLS Moat | 7.3 / 10 | ROE | 15.8% |
| Debt / equity | 0.11 | ROA | 1.6% |
| 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 FS Bancorp 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 1k shares a day on a market cap of $213M, with a beta of 0.01 - 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 | 25 / 25 | 50% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 11 / 15 | moat 7.3/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 1k shares/day, $213M cap, beta 0.01 |
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 FXLG 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 FS Bancorp 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 |
|---|---|---|---|---|---|
| SOME Somerset Trust Holding Company | 85.00 | 141.60 | +40% | 39No options | $214M |
| KISB Kish Bancorp, Inc. | 69.50 | 113.52 | +39% | 39No options | $211M |
| CFBK CF Bankshares Inc. | 33.56 | 51.51 | +35% | 39No options | $215M |
| HONT Honat Bancorp, Inc. | 146.40 | 211.38 | +31% | 39No options | $209M |
| CBTN Citizens Bancorp Investment, Inc. | 35.20 | 59.47 | +41% | 38No options | $208M |
| OVBC Ohio Valley Banc Corp. | 46.11 | 51.63 | +11% | 39No options | $217M |
| FCAP First Capital, Inc. | 61.59 | 119.75 | +49% | 39No options | $206M |
| MRBK Meridian Corporation | 18.41 | 40.56 | +55% | 39No options | $220M |
| PBNC PB Financial Corporation | 73.00 | 227.64 | +68% | 39No options | $221M |
| OPBK OP Bancorp | 14.85 | 24.39 | +39% | 66Good | $222M |
| CZWI Citizens Community Bancorp, Inc. | 21.11 | 30.34 | +30% | 39No options | $204M |
| MLGF Malaga Financial Corporation | 22.44 | 24.42 | +8% | 39No options | $222M |
⚖ Compare FXLG with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about FXLG
Is FXLG undervalued right now?
By the GLS models, yes: at 52.05 the stock is 50% below the average fair value of 104.29 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of FXLG and what does it mean?
FXLG 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 FXLG?
104.29 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 FS Bancorp report earnings next?
No upcoming earnings date is recorded for FXLG in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does FXLG have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on FXLG, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.