Stock fact sheet · data as of
Marquette National Corporation (MNAT): fair value, margin of safety and Wheel Score
Ticker symbol MNAT · Financial Services · Banks - Regional · United States · Value
Is MNAT undervalued?
At 37.55 (close of 5 Nov 2026), MNAT trades 54% below the GLS average fair value of 82.25. That average comes from 9 models run on the latest filings, and 6 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Marquette National Corporation the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The 9 models disagree widely: DCF gives 8.06 while Graham Growth gives 175.06. 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, MNAT is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 73, growth score 36, out of 100).
Nine valuation models for MNAT
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 | 8.06 | -79% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 55.07 | +47% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 175.06 | +366% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 76.51 | +104% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 172.10 | +358% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 82.27 | +119% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 118.04 | +214% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 19.13 | -49% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 34.01 | -9% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -452.15 | -1304% | 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
On financial health MNAT scores 8/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is low at 3.5 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are thin or negative - ROIC 3.1%, ROE 6.8%, ROA 0.6% - with debt at 1.20 times equity and a free-cash-flow yield of 8.1%.
The dividend yield is 3.46% at a payout ratio of 42%; 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 | 8 / 9 | ROIC | 3.1% |
|---|---|---|---|
| GLS Moat | 3.5 / 10 | ROE | 6.8% |
| Debt / equity | 1.20 | ROA | 0.6% |
| Free-cash-flow yield | 8.1% | Payout ratio | 42% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 34: No options
MNAT has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (34 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 2k shares a day on a market cap of $165M, with a beta of 0.41 - 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 | no listed options |
| 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 | Fails | no implied volatility |
| 8 | Big enough | Fails | market cap $165M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 54% below fair value | |
| Premium | Weak | no option data | |
| Moat | Fair | moat 3.5/10 | |
| Health | Strong | Piotroski 8/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.41, $165M 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
No upcoming earnings date is recorded for MNAT in the nightly calendar. The next ex-dividend date is 18 Dec 2026 (0.3300 per share).
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 Marquette National Corporation 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 |
|---|---|---|---|---|---|
| WRIV White River Bancshares Co. | 34.00 | 33.12 | -3% | 19No options | $166M |
| SFIGA STAR Financial Group, Inc. | 60.06 | 201.52 | +70% | 32No options | $166M |
| BKGM BankGuam Holding Co. | 9,000.00 | 32,907.51 | +73% | 30No options | $164M |
| HNVR Hanover Bancorp, Inc. | 23.01 | 38.24 | +40% | 32No options | $162M |
| JDVB JD Bancshares, Inc. | 47.25 | 39.11 | -21% | 19No options | $162M |
| FMBM F & M Bank Corp. | 45.55 | 61.42 | +26% | 32No options | $162M |
| AMBK American Bank Incorporated | 25.51 | 27.66 | +8% | 22No options | $162M |
| BKUTK Bank of Utica | 671.06 | 3,131.50 | +79% | 30No options | $168M |
| TRCY Tri City Bankshares Corporation | 18.99 | 27.16 | +30% | 32No options | $169M |
| NODB North Dallas Bank & Trust Co | 66.10 | 29.73 | -122% | 16No options | $170M |
| ARBV American Riviera Bancorp | 29.50 | 30.04 | +2% | 19No options | $170M |
| EBMT Eagle Bancorp Montana, Inc. | 21.44 | 32.42 | +34% | 30No options | $171M |
⚖ Compare MNAT with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about MNAT
Is MNAT undervalued right now?
By the GLS models, yes: at 37.55 the stock is 54% below the average fair value of 82.25 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of MNAT and what does it mean?
MNAT has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for MNAT?
82.25 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 Marquette National Corporation report earnings next?
No upcoming earnings date is recorded for MNAT in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does MNAT have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on MNAT, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.