SmartFinancial, Inc.

NYSE:SMBK Stock Report

Market Cap: US$605.3m

SmartFinancial Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: SMBK ($35.76) is trading below our estimate of fair value ($57.84)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SMBK. This is calculated by dividing SMBK's market cap by their current earnings.
What is SMBK's PE Ratio?
PE Ratio18.5x
EarningsUS$32.69m
Market CapUS$605.29m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SMBK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.8x
HTBK Heritage Commerce
14.9x6.5%US$645.5m
CCNE CNB Financial
11.8x9.8%US$574.1m
CCBG Capital City Bank Group
12.6x-0.7%US$646.9m
PGC Peapack-Gladstone Financial
19.8x35.6%US$642.0m
SMBK SmartFinancial
18.5x15.9%US$605.3m

Price-To-Earnings vs Peers: SMBK is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (14.8x).

Price to Earnings Ratio vs Industry

How does SMBK'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
SMBK 18.5xIndustry Avg. 12.8xNo. of Companies78PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SMBK is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the US Banks industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is SMBK'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.

SMBK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.5x
Fair PE Ratio14.2x

Price-To-Earnings vs Fair Ratio: SMBK is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the estimated Fair Price-To-Earnings Ratio (14.2x).

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 SMBK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$35.76
US$35.54
-0.6%
8.3%US$39.00US$30.50n/a6
Nov ’25US$32.73
US$32.88
+0.4%
6.4%US$36.00US$30.25n/a6
Oct ’25US$28.44
US$29.88
+5.0%
4.9%US$32.00US$28.00n/a6
Sep ’25US$29.23
US$29.54
+1.1%
5.5%US$32.00US$28.00n/a6
Aug ’25US$27.66
US$29.54
+6.8%
5.5%US$32.00US$28.00n/a6
Jul ’25US$23.32
US$25.60
+9.8%
7.2%US$28.00US$23.00n/a5
Jun ’25US$23.14
US$25.60
+10.6%
7.2%US$28.00US$23.00n/a5
May ’25US$21.18
US$25.08
+18.4%
6.9%US$28.00US$23.00n/a6
Apr ’25US$20.43
US$26.50
+29.7%
4.2%US$28.00US$25.00n/a6
Mar ’25US$21.36
US$26.50
+24.1%
4.2%US$28.00US$25.00n/a6
Feb ’25US$22.91
US$26.50
+15.7%
4.2%US$28.00US$25.00n/a6
Jan ’25US$24.49
US$24.79
+1.2%
9.2%US$27.50US$22.00n/a7
Dec ’24US$22.19
US$23.07
+4.0%
4.4%US$25.00US$22.00n/a7
Nov ’24US$20.81
US$23.07
+10.9%
4.4%US$25.00US$22.00US$32.737
Oct ’24US$21.37
US$26.57
+24.3%
7.2%US$30.00US$24.00US$28.447
Sep ’24US$23.06
US$26.71
+15.8%
6.5%US$30.00US$25.00US$29.237
Aug ’24US$25.18
US$26.43
+5.0%
7.0%US$30.00US$25.00US$27.667
Jul ’24US$21.51
US$24.33
+13.1%
3.5%US$26.00US$23.50US$23.326
Jun ’24US$21.19
US$24.67
+16.4%
2.8%US$26.00US$24.00US$23.146
May ’24US$20.94
US$24.67
+17.8%
2.8%US$26.00US$24.00US$21.186
Apr ’24US$23.14
US$29.00
+25.3%
5.3%US$30.00US$26.00US$20.436
Mar ’24US$27.13
US$29.33
+8.1%
3.2%US$30.00US$28.00US$21.366
Feb ’24US$27.20
US$29.83
+9.7%
5.6%US$33.00US$28.00US$22.916
Jan ’24US$27.50
US$33.25
+20.9%
4.6%US$34.50US$30.00US$24.496
Dec ’23US$29.87
US$33.25
+11.3%
4.6%US$34.50US$30.00US$22.196
Nov ’23US$28.76
US$33.25
+15.6%
4.6%US$34.50US$30.00US$20.816

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

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