Stock fact sheet · data as of
Timberland Bancorp, Inc. (TSBK): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Quality / Blue-Chip
Is TSBK undervalued?
Timberland Bancorp, Inc. (TSBK) closed at 45.00 on 16 Oct 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 67.20, which puts the price 33% 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 17.07 while Graham Growth gives 104.84. 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.
The nightly engine files TSBK under Quality / Blue-Chip: a high moat score and a high health score together.
Nine valuation models for TSBK
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 | 96.78 | +115% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 56.39 | +25% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 104.84 | +133% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 36.45 | -19% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 66.81 | +48% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 89.76 | +99% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 91.82 | +104% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 17.07 | -62% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 44.86 | -0% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -187.88 | -518% | 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 TSBK scores 7/9 (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 7.5 out of 10, built from ten years of revenue, earnings, margins, cash flow, share count and returns on capital scored for consistency - a high reading that points to a durable business.
Returns on capital are moderate - ROIC 10.2%, ROE 11.1%, ROA 1.4% - with debt at 0.09 times equity and a free-cash-flow yield of 7.6%.
The dividend yield is 2.58% at a payout ratio of 28%; 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 Credit and Debit Card 52%, Deposit Account 42%, Servicing Income On Loans Sold 5% (quarter Q3 FY2026).
Institutional ownership scores 8/10, insider activity 4/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 10.2% |
|---|---|---|---|
| GLS Moat | 7.5 / 10 | ROE | 11.1% |
| Debt / equity | 0.09 | ROA | 1.4% |
| Free-cash-flow yield | 7.6% | Payout ratio | 28% |
| Institutions | 8 / 10 | Insiders · Congress | 4 · 5 / 10 |
Wheel Score 78: Good
TSBK scores 78 out of 100 on the Wheel Score (Good band, 65-79). The score blends the margin of safety (Value, 25/25), Piotroski health (16/20), the GLS moat (11/15), the option premium on offer (20/20) and how easily the stock trades (6/20). Stability (6/20) is the part holding the score back.
Implied volatility is 35% 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 - 75 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 38k shares a day on a market cap of $350M, with a beta of 0.30 - 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 | 33% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 11 / 15 | moat 7.5/10 | |
| Premium | 20 / 20 | implied volatility 35% | |
| Stability | 6 / 20 | 38k shares/day, $350M cap, beta 0.30 |
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 TSBK 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 Timberland 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 |
|---|---|---|---|---|---|
| FSBW FS Bancorp, Inc. | 44.63 | 95.17 | +53% | 39No options | $351M |
| BRBS Blue Ridge Bankshares, Inc. | 3.95 | 3.74 | -6% | 55Fair | $354M |
| WSBF Waterstone Financial, Inc. | 19.73 | 34.92 | +43% | 70Good | $355M |
| SNLC Security National Corporation | 206.25 | 281.54 | +27% | 39No options | $338M |
| BCML BayCom Corp | 30.96 | 33.10 | +6% | 70Good | $338M |
| AVBH Avidbank Holdings, Inc. | 30.78 | 43.50 | +29% | 39No options | $338M |
| FDBC Fidelity D & D Bancorp, Inc. | 57.84 | 66.13 | +13% | 39No options | $336M |
| NWFL Norwood Financial Corp. | 33.46 | 51.08 | +34% | 39No options | $365M |
| CFFI C&F Financial Corporation | 102.73 | 124.42 | +17% | 39No options | $334M |
| CSHX Cashmere Valley Bank | 89.89 | 123.63 | +27% | 39No options | $334M |
| RVRF River Financial Corp. | 47.00 | 110.43 | +57% | 39No options | $367M |
| MFGI Merchants Financial Group, Inc. | 45.00 | 37.16 | -21% | 33No options | $368M |
⚖ Compare TSBK with 7 of them All Financial Services stocks →
Screen the whole market the same way
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 same eight-rule screen, 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 TSBK
Is TSBK undervalued right now?
By the GLS models, yes: at 45.00 the stock is 33% below the average fair value of 67.20 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of TSBK and what does it mean?
TSBK scores 78 out of 100 (Good). 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 TSBK?
67.20 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 Timberland Bancorp, Inc. report earnings next?
No upcoming earnings date is recorded for TSBK in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does TSBK have listed options, and how liquid are they?
Yes. The nightly snapshot found 98 listed contracts with 75 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.