Patriot National Bancorp, Inc.

NasdaqGM:PNBK Stock Report

Market Cap: US$7.8m

Patriot National Bancorp Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: PNBK ($1.95) is trading below our estimate of fair value ($3.87)

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

Key Valuation Metric

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

Key metric: As PNBK is an unprofitable bank we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for PNBK. This is calculated by dividing PNBK's market cap by their current book value.
What is PNBK's PB Ratio?
PB Ratio0.2x
BookUS$40.53m
Market CapUS$7.75m

Price to Book Ratio vs Peers

How does PNBK's PB Ratio compare to its peers?

The above table shows the PB ratio for PNBK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average0.7x
MFBI Monroe Federal Bancorp
0.8xn/aUS$7.0m
EWSB EWSB Bancorp
0.5xn/aUS$8.0m
CCFC CCSB Financial
1xn/aUS$8.7m
FNFI First Niles Financial
0.6xn/aUS$9.0m
PNBK Patriot National Bancorp
0.2xn/aUS$7.8m

Price-To-Book vs Peers: PNBK is good value based on its Price-To-Book Ratio (0.2x) compared to the peer average (0.7x).

Price to Book Ratio vs Industry

How does PNBK's PB Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / BookEstimated GrowthMarket Cap
FRCB First Republic Bank
0.002xn/aUS$27.98m
SBNY Signature Bank
0.0003xn/aUS$2.18m
BKES.F Banco Espírito Santo
n/an/aUS$56.01k
BCBH.F Caribbean Investment Holdings
n/an/aUS$132.00
No more companies available in this PB range
PNBK 0.2xIndustry Avg. 1.0xNo. of Companies129PB00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: PNBK is good value based on its Price-To-Book Ratio (0.2x) compared to the US Banks industry average (1x).

Price to Book Ratio vs Fair Ratio

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

PNBK PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate PNBK's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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