PCB Bancorp

NasdaqGS:PCB Stock Report

Market Cap: US$305.5m

PCB Bancorp Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: PCB ($21.22) is trading below our estimate of fair value ($44.26)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PCB. This is calculated by dividing PCB's market cap by their current earnings.
What is PCB's PE Ratio?
PE Ratio12.5x
EarningsUS$24.15m
Market CapUS$305.47m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PCB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21x
FDBC Fidelity D & D Bancorp
20.3xn/aUS$311.1m
PDLB Ponce Financial Group
35x-2.4%US$288.4m
CZNC Citizens & Northern
14.5x11.1%US$319.4m
CBAN Colony Bankcorp
14.2x15.2%US$307.9m
PCB PCB Bancorp
12.5x16.2%US$305.5m

Price-To-Earnings vs Peers: PCB is good value based on its Price-To-Earnings Ratio (12.5x) compared to the peer average (21x).

Price to Earnings Ratio vs Industry

How does PCB'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
PCB 12.5xIndustry Avg. 13.3xNo. of Companies92PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PCB is good value based on its Price-To-Earnings Ratio (12.5x) compared to the US Banks industry average (13.2x).

Price to Earnings Ratio vs Fair Ratio

What is PCB'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.

PCB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.5x
Fair PE Ratio13.6x

Price-To-Earnings vs Fair Ratio: PCB is good value based on its Price-To-Earnings Ratio (12.5x) compared to the estimated Fair Price-To-Earnings Ratio (13.6x).

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 PCB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$21.22
US$20.50
-3.4%
2.4%US$21.00US$20.00n/a2
Nov ’25US$18.82
US$20.50
+9.0%
2.4%US$21.00US$20.00n/a2
Jul ’25US$15.73
US$16.75
+6.5%
1.5%US$17.00US$16.50n/a2
Feb ’25US$16.95
US$18.50
+9.1%
2.7%US$19.00US$18.00n/a2
Jan ’25US$18.43
US$17.50
-5.0%
8.6%US$19.00US$16.00n/a2
Oct ’24US$15.45
US$16.50
+6.8%
3.0%US$17.00US$16.00US$18.212
Sep ’24US$16.62
US$17.50
+5.3%
2.9%US$18.00US$17.00US$19.262
Aug ’24US$16.52
US$16.50
-0.1%
3.0%US$17.00US$16.00US$18.252
Jul ’24US$14.71
US$16.50
+12.2%
3.0%US$17.00US$16.00US$15.732
Mar ’24US$18.29
US$19.75
+8.0%
3.8%US$20.50US$19.00US$16.022
Feb ’24US$18.75
US$19.75
+5.3%
3.8%US$20.50US$19.00US$16.952
Jan ’24US$17.69
US$20.75
+17.3%
1.2%US$21.00US$20.50US$18.432
Dec ’23US$18.69
US$21.25
+13.7%
1.2%US$21.50US$21.00US$16.282
Nov ’23US$18.69
US$21.25
+13.7%
1.2%US$21.50US$21.00US$15.002

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

Discover undervalued companies

BNP Paribas

€64.3b

Provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

BNPQ.F

€60.20

7D

-4.9%

1Y

-0.4%

UniCredit

€55.9b

Provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe.

UNCF.F

€38.11

7D

-9.6%

1Y

39.0%

National Bank of Greece

€6.3b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

NBGI.F

€7.36

7D

0.8%

1Y

8.9%