ACNB Corporation

NasdaqCM:ACNB Stock Report

Market Cap: US$405.6m

ACNB Valuation

Is ACNB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ACNB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ACNB ($46.35) is trading below our estimate of fair value ($93.07)

Significantly Below Fair Value: ACNB is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ACNB?

Key metric: As ACNB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ACNB. This is calculated by dividing ACNB's market cap by their current earnings.
What is ACNB's PE Ratio?
PE Ratio13.5x
EarningsUS$29.35m
Market CapUS$405.63m

Price to Earnings Ratio vs Peers

How does ACNB's PE Ratio compare to its peers?

The above table shows the PE ratio for ACNB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.1x
RRBI Red River Bancshares
11.8x3.8%US$394.9m
AMBZ American Business Bank
9.4xn/aUS$398.2m
FBIZ First Business Financial Services
10.8x11.1%US$413.3m
CNND Canandaigua National
8.6xn/aUS$383.7m
ACNB ACNB
13.5x16.1%US$405.6m

Price-To-Earnings vs Peers: ACNB is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (10.1x).

Price to Earnings Ratio vs Industry

How does ACNB's PE Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FRCB First Republic Bank
0.02xn/aUS$27.98m
BKGM BankGuam Holding
1xn/aUS$18.48m
SBNY Signature Bank
0.002xn/aUS$2.18m
BCBH.F Caribbean Investment Holdings
0.00001xn/aUS$132.00
No more companies available in this PE range
ACNB 13.5xIndustry Avg. 12.8xNo. of Companies79PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ACNB is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the US Banks industry average (12.9x).

Price to Earnings Ratio vs Fair Ratio

What is ACNB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ACNB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.5x
Fair PE Ratio14.3x

Price-To-Earnings vs Fair Ratio: ACNB is good value based on its Price-To-Earnings Ratio (13.5x) compared to the estimated Fair Price-To-Earnings Ratio (14.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ACNB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$46.35
US$45.00
-2.9%
17.8%US$53.00US$37.00n/a2
Nov ’25US$41.64
US$42.00
+0.9%
11.9%US$47.00US$37.00n/a2
Oct ’25US$41.79
US$41.00
-1.9%
9.8%US$45.00US$37.00n/a2
Sep ’25US$42.02
US$41.00
-2.4%
9.8%US$45.00US$37.00n/a2
Aug ’25US$40.57
US$41.00
+1.1%
9.8%US$45.00US$37.00n/a2
May ’25US$33.13
US$40.00
+20.7%
7.5%US$43.00US$37.00n/a2
Apr ’25US$35.80
US$41.50
+15.9%
3.6%US$43.00US$40.00n/a2
Mar ’25US$35.76
US$45.00
+25.8%
4.4%US$47.00US$43.00n/a2
Jan ’25US$44.76
US$48.00
+7.2%
2.1%US$49.00US$47.00n/a2
Dec ’24US$40.54
US$38.50
-5.0%
3.9%US$40.00US$37.00n/a2
Nov ’24US$34.00
US$38.50
+13.2%
3.9%US$40.00US$37.00US$41.642
Oct ’24US$31.61
US$37.00
+17.1%
5.4%US$39.00US$35.00US$41.792
Sep ’24US$33.39
US$38.00
+13.8%
2.6%US$39.00US$37.00US$42.022
Aug ’24US$34.58
US$35.00
+1.2%
2.9%US$36.00US$34.00US$40.572
Jul ’24US$33.17
US$35.00
+5.5%
2.9%US$36.00US$34.00US$36.162
Jun ’24US$30.21
US$33.50
+10.9%
7.5%US$36.00US$31.00US$31.572

Analyst Forecast: Target price is lower than the current share price.

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