Stock fact sheet · data as of
John Marshall Bancorp, Inc. (JMSB): fair value, margin of safety and Wheel Score
Ticker symbol JMSB · Financial Services · Banks - Regional · United States · Value
Is JMSB undervalued?
John Marshall Bancorp, Inc. (JMSB) closed at 23.55 on 5 Nov 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 34.34, which puts the price 31% below it. 6 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.
The 9 models disagree widely: DDM gives 4.12 while Graham Growth gives 108.24. 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.
Ranked against every other company we cover, JMSB is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 63, growth score 19, out of 100).
Nine valuation models for JMSB
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 | 24.19 | +3% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 28.99 | +23% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 108.24 | +360% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 47.31 | +101% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 4.61 | -80% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 41.80 | +77% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 28.79 | +22% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 4.12 | -83% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 21.03 | -11% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -135.61 | -676% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 24.00 | +2% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - JMSB passes 6 of the nine Piotroski tests, which passes the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 6.2 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.
Returns on capital are moderate - ROIC 6.0%, ROE 8.0%, ROA 0.9% - with debt at 0.32 times equity and a free-cash-flow yield of 6.5%.
The dividend yield is 1.19% with a payout ratio of 10% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Other Charges and Fees 32%, Interchange income 22%, Account Service Fees 20% (quarter Q2 FY2026).
Institutional ownership scores 6/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 6.0% |
|---|---|---|---|
| GLS Moat | 6.2 / 10 | ROE | 8.0% |
| Debt / equity | 0.32 | ROA | 0.9% |
| Free-cash-flow yield | 6.5% | Payout ratio | 10% |
| Institutions | 6 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 51: Fair
JMSB scores 51 out of 100 on the Wheel Score (Fair band, 50-69) because it fails filter 1, options that actually trade - options too quiet (52 open interest, 46 a day); and filter 8, big enough - market cap $332M (under $1.0B). A stock must pass all 9 Wheel Trade Filters to reach 70. Otherwise the parts read: value strong, premium strong, moat good, health good, red flags strong, option trading weak, stability fair.
Implied volatility is 47% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 52 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 194k shares a day on a market cap of $332M, with a beta of 0.42 - 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 (52 open interest, 46 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 | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 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 | Fails | market cap $332M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 31% below fair value | |
| Premium | Strong | implied volatility 47% | |
| Moat | Good | moat 6.2/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Strong | Red Flags score 100/100 | |
| Option trading | Weak | 46 contracts a day, 52 open interest | |
| Stability | Fair | beta 0.42, $332M 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 27 Jan 2027, 83 days away - outside the window of a 30-45-day put sold today. The shares go ex-dividend on 10 Nov 2026 (0.1000 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 John Marshall 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 |
|---|---|---|---|---|---|
| FBIP FNB Bancorp, Inc. | 51.65 | 31.32 | -65% | 20No options | $333M |
| SNLC Security National Corporation | 201.99 | 282.72 | +29% | 34No options | $331M |
| NASB NASB Financial, Inc. | 46.50 | 62.87 | +26% | 33No options | $331M |
| NEWTP NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B | 23.90 | 92.66 | +74% | 23No options | $334M |
| CSHX Cashmere Valley Bank | 90.44 | 123.28 | +27% | 34No options | $336M |
| CBNA Chain Bridge Bancorp, Inc. | 51.17 | 135.25 | +62% | 32No options | $336M |
| MVBF MVB Financial Corp. | 26.01 | 41.22 | +37% | 47Weak | $338M |
| LRBI Lake Ridge Bancorp Inc. | 164.50 | 199.60 | +18% | 28No options | $324M |
| BCML BayCom Corp | 31.41 | 24.10 | -30% | 34Weak | $343M |
| COSO CoastalSouth Bancshares, Inc. | 28.75 | 48.39 | +41% | 33No options | $344M |
| FRAF Franklin Financial Services Corporation | 71.39 | 113.02 | +37% | 33No options | $321M |
| BFCC BankFirst Capital Corporation | 64.97 | 105.15 | +38% | 35No options | $344M |
⚖ Compare JMSB 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 JMSB
Is JMSB undervalued right now?
By the GLS models, yes: at 23.55 the stock is 31% below the average fair value of 34.34 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of JMSB and what does it mean?
JMSB scores 51 out of 100 (Fair) - it fails Wheel Trade Filters 1, 8. 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 JMSB?
34.34 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 John Marshall Bancorp, Inc. report earnings next?
The next earnings report is due on 27 Jan 2027, 83 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does JMSB have listed options, and how liquid are they?
Yes. The nightly snapshot found 24 listed contracts with 52 open interest across all expiries and implied volatility of 47% 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.