Exchange Bankshares Inc (EXCH) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Exchange Bankshares Inc stock $78.45, price $67.50, upside +16.2%, quality 48 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $22.47 – $69.12 · fair‑value band $62.12 – $100.84 · the $67.50 price screens below the $78.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Exchange Bankshares, Inc. operates as the holding company for Exchange Bank that provides personal and business banking products and services in Georgia. It offers checking and savings accounts; and mortgage, real estate, consumer, commercial, and home equity loans.
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The company also provides cash management, internet and mobile banking, travel club, bill payment, and merchant services, as well as credit cards.
In addition, it offers investment management, financial advising, insurance and annuity products, retirement planning, retirement plan rollovers, business retirement plans, and life insurance services. The company was founded in 1903 and is based in Milledgeville, Georgia.
Stock analysis
Exchange Bankshares Inc (EXCH) currently trades at $67.50, while our model-based Fair Value estimate is $78.45, implying the stock looks roughly 14% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $82.82 per share, and 2 of the 6 models we run sit above the $67.50 price.
Bear case: the Dividend Discount group reads lowest at $24.16, and 4 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $62.12 (bear) to $100.84 (bull), the price of $67.50 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Exchange Bankshares Inc reported revenue of $24.1M in FY2025 versus $14.0M in FY2021, a compound +14.5%/yr. Reported net income was $5.0M in FY2025, compounding +10.0%/yr from FY2021.
Key figures
Market cap $40.3M Micro · P/E ratio 8.0 · P/S ratio 1.66 · EPS (TTM) $8.44 · Net margin 20.7% · Return on assets (EBIT) 1.3% (5-year average) · Free cash flow $4.3M · Net debt $23.0M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (medium confidence).
What moves the price
The share trades about 2% below its 52-week high and 13% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 16%, EXCH screens cheaper than that median.
Fair Value models
Bear$62.12Fair Value $78.45Bull$100.84
Price $67.50 · Upside +16.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($7.24 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 12 officers or directors sold shares worth $13.5M and none bought.
SaleBenjamin JacksonPresident5× since Feb 10, 2026: 41,185 shares, avg. $164.32$6.8MNov 5, 202610b5-1 plan
SaleElizabeth Kathryn KingGlobal Head of Clearing & CRO1,919 shares at $175.00$335,825Nov 4, 202610b5-1 plan
SaleJames W NamkungChief Accounting Officer2× since Oct 29, 2026: 6,207 shares, avg. $171.09$1.1MNov 4, 202610b5-1 plan
SaleDouglas FoleySVP, HR & Administration5× since Dec 12, 2025: 13,700 shares, avg. $155.03$2.1MSep 14, 2026
SaleChristopher Scott EdmondsPresident, Fixed Income & Data2× since Feb 19, 2026: 16,303 shares, avg. $155.90$2.5MSep 1, 202610b5-1 plan
SaleAndrew J SurdykowskiGeneral Counsel5× since Nov 11, 2025: 17,569 shares, avg. $156.96$2.8MAug 26, 202610b5-1 plan
SaleMartha A TirinnanziDirector2× since Aug 13, 2026: 1,481 shares, avg. $160.57$237,809Aug 26, 202610b5-1 plan
SaleWarren GardinerChief Financial Officer4× since Nov 20, 2025: 9,043 shares, avg. $155.30$1.4MAug 19, 202610b5-1 plan
SaleMayur KapaniChief Technology Officer4× since Dec 8, 2025: 29,100 shares, avg. $154.82$4.5MAug 12, 202610b5-1 plan
SaleLynn C MartinPresident, NYSE Group2× since Feb 20, 2026: 29,338 shares, avg. $146.98$4.3MJul 16, 202610b5-1 plan
Plus 4 more entries from the last 12 months.
Plus 17 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+50.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.8%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−54.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+10.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.1%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.28% → 26%
Compare Exchange Bankshares Inc with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 996 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+16.2% · Top 25%
Profitability
Return on assets1.2% · Above median
Net margin (12 months)20.7% · Bottom 25%
Operating margin (12 months)0.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)0.0% · Bottom 25%
Dividend yield (12 months)0.0% · Bottom 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)8.0× · Cheapest 25%
P/B0.84× · Cheapest 25%
Price / free cash flow (fiscal year)9.4× · Cheaper than median
EV/EBITDA4.1× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)55· sector 8
FUTURE (revenue growth)0· sector 47
PAST (return on equity)0· sector 43
HEALTH (low debt)–
DIVIDEND (yield)0· sector 53
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
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Is Exchange Bankshares Inc (EXCH) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $78.45 versus a price of $67.50, about +16% upside (undervalued).
What is the fair value of EXCH?
Our model-based fair value for Exchange Bankshares Inc is $78.45 (as of Nov 7, 2026), built from audited fundamentals. The current price: $67.50.
What is the quality score of EXCH?
Exchange Bankshares Inc has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Exchange Bankshares Inc (EXCH)?
Our model-based price target is the fair value of $78.45 (as of Nov 7, 2026) from 6 valuation models. Cautious scenario $62.12, optimistic scenario $100.84. It is a calculation from audited fundamentals, not an analyst target.
What is the Exchange Bankshares Inc stock forecast for 2026?
Our models put fair value at $78.45, about +16% upside versus a price of $67.50 (undervalued). Cautious scenario $62.12, optimistic scenario $100.84. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Exchange Bankshares Inc (EXCH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Exchange Bankshares Inc it is $78.45 per share (as of Nov 7, 2026), against a price of $67.50. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Exchange Bankshares Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, EXCH trades below its calculated fair value: price $67.50, fair value $78.45, a gap of about +16% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EXCH?
No. The price is what the market pays today ($67.50); the fair value is what the company's own numbers justify ($78.45). For Exchange Bankshares Inc the two are $10.95 per share apart. That gap is exactly why we show both numbers side by side.
How much is Exchange Bankshares Inc worth?
The market values Exchange Bankshares Inc at about $40.3M (market capitalisation, as of Nov 7, 2026). Per share that is $67.50; our models calculate a fair value of $78.45 per share.
What do the bullish and bearish scenarios say about EXCH?
Our models span a range for Exchange Bankshares Inc: cautious scenario $62.12, base $78.45, optimistic $100.84 per share (as of Nov 7, 2026, price $67.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EXCH?
Exchange Bankshares Inc trades at a price-to-earnings ratio of 8.0 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $78.45 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2018 to 2025), reported earnings: 8.0. Other multiples: P/B 0.8, EV/EBITDA 4.1.
How far is EXCH from its 52-week high?
Exchange Bankshares Inc trades at $67.50, about 2% below its 52-week high of $69.12 and 13% above the low of $59.63 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $78.45 is for.
Which stocks are comparable to Exchange Bankshares Inc?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Exchange Bankshares Inc stock attractive at the current price?
The data as of Nov 7, 2026: price $67.50, calculated fair value $78.45 (+16%), Quality Score 48/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of EXCH calculated?
We run Exchange Bankshares Inc through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $78.45 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Exchange Bankshares Inc currently trades 14% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Exchange Bankshares Inc (EXCH)?
The closing price on Nov 6, 2026 was $67.50. Our model-based fair value is $78.45, about +16% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Exchange Bankshares Inc right now?
For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Exchange Bankshares Inc
How large is the market capitalisation of Exchange Bankshares Inc (EXCH)?
The market capitalisation of Exchange Bankshares Inc is $40.3M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Exchange Bankshares Inc (EXCH)?
The price-to-sales ratio of Exchange Bankshares Inc is 1.66 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Exchange Bankshares Inc (EXCH)?
Earnings per share at Exchange Bankshares Inc are $8.44 (price ÷ EPS = P/E 8.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Exchange Bankshares Inc (EXCH)?
The net margin of Exchange Bankshares Inc is 20.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Exchange Bankshares Inc (EXCH)?
On an EBIT basis the return on assets of Exchange Bankshares Inc is 1.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How much free cash flow does Exchange Bankshares Inc (EXCH) generate?
The free cash flow of Exchange Bankshares Inc is $4.3M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Exchange Bankshares Inc (EXCH) carry?
The net debt of Exchange Bankshares Inc is $23.0M (fiscal year 2025, ≈ 5.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 7, 2026
