Stock fact sheet · data as of
German American Bancorp, Inc. (GABC): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Quality / Blue-Chip
Is GABC undervalued?
GABC closed at 49.53 on 16 Oct 2026, 25% below the GLS average fair value of 65.69 from 9 models (5 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 23 of the 25 Value points.
There is a wide gap between DDM (17.95) and Payback Time (120.77). 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 GABC under Quality / Blue-Chip: a high moat score and a high health score together.
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 | 80.77 | +63% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 52.39 | +6% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 86.09 | +74% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 27.95 | -44% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 46.20 | -7% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 117.05 | +136% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 120.77 | +144% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 17.95 | -64% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 42.03 | -15% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -159.46 | -422% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 54.50 | +10% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
German American Bancorp, Inc. scores 8 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. A GLS Moat score of 7.5/10 puts GABC among the more durable businesses we track: over ten years the metrics the score watches (revenue, EPS, book value, margins, cash flow, ROIC) have mostly moved the right way, year after year.
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 9.8%.
The dividend yield is 2.46% at a payout ratio of 32%; 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 | 8 / 9 | ROIC | 8.4% |
|---|---|---|---|
| GLS Moat | 7.5 / 10 | ROE | 9.7% |
| Debt / equity | 0.16 | ROA | 1.3% |
| Free-cash-flow yield | 9.8% | Payout ratio | 32% |
| Institutions | 7 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 82: Prime
With a Wheel Score of 82, German American Bancorp, Inc. sits in the Prime band - price, quality and premium all line up for the wheel strategy. The parts: Value 23/25, Health 18/20, Moat 11/15, Premium 20/20, Stability 10/20. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.
Implied volatility is 49% 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 - 171 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 146k shares a day on a market cap of $1.9B, with a beta of 0.60 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 10 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 23 / 25 | 25% margin of safety | |
| Health | 18 / 20 | Piotroski 8/9 | |
| Moat | 11 / 15 | moat 7.5/10 | |
| Premium | 20 / 20 | implied volatility 49% | |
| Stability | 10 / 20 | 146k shares/day, $1.9B cap, beta 0.60 |
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
German American Bancorp, Inc. reports earnings on 26 Oct 2026 (after the close) - 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 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 |
|---|---|---|---|---|---|
| TBBK The Bancorp, Inc. | 48.39 | 151.48 | +68% | 81Prime | $2.0B |
| CHCO City Holding Company | 140.94 | 144.70 | +3% | 62Fair | $2.0B |
| DCOM Dime Community Bancshares, Inc. | 38.78 | 61.04 | +36% | 82Prime | $1.7B |
| HOPE Hope Bancorp, Inc. | 13.40 | 20.72 | +35% | 83Prime | $1.7B |
| SRCE 1st Source Corporation | 84.33 | 103.75 | +19% | 75Good | $2.0B |
| FCF First Commonwealth Financial Corporation | 20.22 | 27.00 | +25% | 82Prime | $2.0B |
| HAPN Happen, Inc. Common Stock | 14.67 | 32.37 | +55% | 72Good | $1.7B |
| STBA S&T Bancorp, Inc. | 47.97 | 44.73 | -7% | 67Good | $1.7B |
| FSUN FirstSun Capital Bancorp | 38.05 | 91.36 | +58% | 60Fair | $1.7B |
| NBHC National Bank Holdings Corporation | 37.74 | 53.84 | +30% | 76Good | $1.7B |
| BY Byline Bancorp, Inc. | 36.90 | 38.73 | +5% | 69Good | $1.7B |
| HTH Hilltop Holdings Inc. | 36.77 | 25.00 | -47% | 50Fair | $2.1B |
⚖ Compare GABC with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about GABC
Is GABC undervalued right now?
By the GLS models, moderately: at 49.53 the stock trades 25% below the average fair value of 65.69 (data as of 16 Oct 2026).
What is the Wheel Score of GABC and what does it mean?
GABC scores 82 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 GABC?
65.69 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 German American Bancorp, Inc. report earnings next?
The next earnings report is due on 26 Oct 2026 (after the close), 10 days from the data date of 16 Oct 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 104 listed contracts with 171 open interest across all expiries and implied volatility of 49% 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.