Stock fact sheet · data as of
German American Bancorp, Inc. (GABC): fair value, margin of safety and Wheel Score
Ticker symbol GABC · Financial Services · Banks - Regional · United States · Blend
Is GABC undervalued?
GABC closed at 50.76 on 5 Nov 2026, 11% below the GLS average fair value of 56.92 from 9 models (5 of them above the price). That is a moderate margin of safety: the stock passes the "below fair value" Wheel Trade Filter, with room for a bigger discount on the Value part.
There is a wide gap between DDM (17.95) and 10 Cap (90.74). 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.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for GABC, so the nightly engine files it under Blend (value score 51, growth score 68, out of 100).
Nine valuation models for GABC
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 | 82.85 | +63% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 51.75 | +2% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 74.36 | +46% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 21.55 | -58% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 43.96 | -13% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 90.74 | +79% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 86.05 | +70% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 17.95 | -65% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 43.06 | -15% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -159.46 | -414% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 60.00 | +18% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
German American Bancorp, Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. 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. A GLS Moat score of 8.2/10 puts GABC among the more durable businesses we track: over up to ten years its returns on capital have stayed high, its margins steady and its balance sheet sound.
Returns on capital are moderate - ROIC 8.4%, ROE 9.7%, ROA 1.3% - with debt at 0.16 times equity and a free-cash-flow yield of 6.9%.
The dividend yield is 2.40% at a payout ratio of 23%; 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. Revenue comes mainly from Interchange Fee Income 37%, Wealth Management Fees 35%, Service Charge on Deposit Accounts 28% (quarter Q2 FY2026).
Institutional ownership scores 7/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 8.4% |
|---|---|---|---|
| GLS Moat | 8.2 / 10 | ROE | 9.7% |
| Debt / equity | 0.16 | ROA | 1.3% |
| Free-cash-flow yield | 6.9% | Payout ratio | 23% |
| Institutions | 7 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 43: Weak
With a Wheel Score of 43 German American Bancorp, Inc. sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (141 open interest, 21 a day); and filter 4, financially healthy - Piotroski 5/9 (under 6); Option trading (weak) is its weakest part.
Implied volatility is 35% on the near-the-money contracts 20-60 days out: enough to pass the 25-80% Wheel Trade Filter, but under the 35-60% sweet spot the score rewards most. Chain open interest is thin - 141 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 203k shares a day on a market cap of $1.9B, with a beta of 0.61 - 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 (141 open interest, 21 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 5/9 (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 | Fair | 11% below fair value | |
| Premium | Strong | implied volatility 35% | |
| Moat | Strong | moat 8.2/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Strong | Red Flags score 100/100 | |
| Option trading | Weak | 21 contracts a day, 141 open interest | |
| Stability | Fair | beta 0.61, $1.9B 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 25 Jan 2027, 81 days away - outside the window of a 30-45-day put sold today. The shares go ex-dividend on 10 Nov 2026 (0.3100 per share), so a covered call sold before then carries a small early-assignment risk around that date.
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 German American 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 |
|---|---|---|---|---|---|
| DCOM Dime Community Bancshares, Inc. | 43.73 | 77.58 | +44% | 82Good | $1.9B |
| HAPN Happen, Inc. Common Stock | 16.69 | 34.45 | +52% | 45Weak | $1.9B |
| TBBK The Bancorp, Inc. | 47.34 | 138.83 | +66% | 46Weak | $1.9B |
| OCFC OceanFirst Financial Corp. | 19.01 | 13.99 | -36% | 34Weak | $1.9B |
| STBA S&T Bancorp, Inc. | 52.16 | 46.01 | -13% | 30Weak | $1.8B |
| CHCO City Holding Company | 144.54 | 140.93 | -3% | 35Weak | $2.0B |
| FIISO Financial Institutions, Inc. 8.48% SRB1 PFD B | 105.89 | 74.82 | -42% | 16No options | $2.1B |
| BUSEP First Busey Corporation | 25.54 | 32.15 | +21% | 22No options | $2.1B |
| INTR Inter & Co, Inc. | 3.96 | 29.31 | +86% | 41Weak | $1.7B |
| FSUN FirstSun Capital Bancorp | 40.72 | 99.07 | +59% | 35No options | $1.7B |
| BY Byline Bancorp, Inc. | 39.05 | 35.32 | -11% | 38Weak | $1.7B |
| TCBK TriCo Bancshares | 53.91 | 54.24 | +1% | 40Weak | $1.7B |
⚖ Compare GABC 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 top 10 stocks that pass all 9 Wheel Trade Filters, 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 GABC
Is GABC undervalued right now?
By the GLS models, moderately: at 50.76 the stock trades 11% below the average fair value of 56.92 (data as of 5 Nov 2026).
What is the Wheel Score of GABC and what does it mean?
GABC scores 43 out of 100 (Weak) - it fails Wheel Trade Filters 1, 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 GABC?
56.92 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 German American Bancorp, Inc. report earnings next?
The next earnings report is due on 25 Jan 2027, 81 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does GABC have listed options, and how liquid are they?
Yes. The nightly snapshot found 32 listed contracts with 141 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.