Community Trust Bancorp, Inc.

NasdaqGS:CTBI Stock Report

Market Cap: US$1.1b

Community Trust Bancorp Valuation

Is CTBI 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 CTBI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CTBI ($59.68) is trading below our estimate of fair value ($132.9)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CTBI. This is calculated by dividing CTBI's market cap by their current earnings.
What is CTBI's PE Ratio?
PE Ratio13.6x
EarningsUS$78.98m
Market CapUS$1.06b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CTBI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14x
SBSI Southside Bancshares
13x2.5%US$1.1b
BRKL Brookline Bancorp
15.2x21.9%US$1.1b
OCFC OceanFirst Financial
12x6.1%US$1.2b
CNOB ConnectOne Bancorp
16x43.0%US$1.0b
CTBI Community Trust Bancorp
13.6x8.6%US$1.1b

Price-To-Earnings vs Peers: CTBI is good value based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (14x).


Price to Earnings Ratio vs Industry

How does CTBI'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
CTBI 13.6xIndustry Avg. 12.9xNo. of Companies92PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CTBI is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the US Banks industry average (12.9x).


Price to Earnings Ratio vs Fair Ratio

What is CTBI'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.

CTBI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.6x
Fair PE Ratio13.2x

Price-To-Earnings vs Fair Ratio: CTBI is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the estimated Fair Price-To-Earnings Ratio (13.2x).


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 CTBI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$59.68
US$60.00
+0.5%
5.4%US$64.00US$56.00n/a3
Nov ’25US$51.85
US$58.00
+11.9%
3.4%US$60.00US$56.00n/a2
Jul ’25US$43.40
US$48.00
+10.6%
2.1%US$49.00US$47.00n/a2
Jun ’25US$42.11
US$48.00
+14.0%
2.1%US$49.00US$47.00n/a2
May ’25US$42.71
US$48.00
+12.4%
2.1%US$49.00US$47.00n/a2
Apr ’25US$41.68
US$48.00
+15.2%
2.1%US$49.00US$47.00n/a2

Analyst Forecast: Target price is less than 20% higher than the current share price.


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