Hocking Valley Bancshares Inc (HCKG) fair value: what the stock is really worth
As of Nov 3, 2026: fair value (intrinsic value) of Hocking Valley Bancshares Inc stock $33.15, price $33.25, that is 0.3% below the price, quality 73 out of 100. Rating: fairly valued. 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 8, 2026.
How to read this chart
60‑month range $7.89 – $37.74 · fair‑value band $29.66 – $44.10 · the $33.25 price screens above the $33.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Hocking Valley Bancshares, Inc. operates as the bank holding company for The Hocking Valley Bank that provides personal and commercial banking products and services for individuals, families, and small businesses in Ohio.
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The company offers checking, savings, and individual retirement accounts; certificates of deposit; and debit/ATM and credit cards.
It also provides mortgage, construction, home equity, vehicle, personal, commercial real estate, equipment, and working capital loans, as well as operating lines of credit and letters of credit; and merchant account, remote deposit capture, overdraft protection, and positive pay services.
In addition, the company offers payment processing services; cashier's checks, money orders, and certified checks; safe deposit box, wire transfer, and notary services; international currency orders and exchange; and mobile and online banking services.
Hocking Valley BancShares, Inc. was founded in 1963 and is based in Athens, Ohio.
Stock analysis
Hocking Valley Bancshares Inc (HCKG) currently trades at $33.25, while our model-based Fair Value estimate is $33.15, so the stock looks roughly fairly valued today (gap 0.3%).
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Valuation
Bull case: the Multiples group reads highest at a median of $44.76 per share, and 2 of the 6 models we run sit above the $33.25 price.
Bear case: the Asset-Based group reads lowest at $3.33, and 4 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $29.66 (bear) to $44.10 (bull), the price of $33.25 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 73/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Hocking Valley Bancshares Inc reported revenue of $16.2M in FY2025 versus $10.2M in FY2021, a compound +12.2%/yr. Reported net income was $4.1M in FY2025, compounding +12.0%/yr from FY2021.
Key figures
Market cap $41.3M Micro · P/E ratio 8.6 · P/S ratio 3.18 · EPS (TTM) $3.87 · Dividend yield 2.2% · Net margin 32.0% · Return on equity 10.8% · Return on assets (EBIT) 2.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 71 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 34% 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 0%, HCKG screens cheaper than that median.
Fair Value models
Bear$29.66Fair Value $33.15Bull$44.10
Price $33.25 · Downside -0.3%
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 ($2.70 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.
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.82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+17.0%
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.
+17.8%
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.
+8.4%
Start year 2020 (pandemic)
Revenue growth 6 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.
+239.1%
’19
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’25
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.
+12.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.5%
Dividend (yield on the price)2.2%
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% → 25%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−3.5%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −5.7% a year for the price.
Compare Hocking Valley Bancshares 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 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside−0.3% · Above median
Profitability
Return on equity (12 months)10.8% · Below median
Return on assets9.8% · Top 25%
Net margin (12 months)32.0% · Above median
Operating margin (12 months)40.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)0.0% · Bottom 25%
Dividend yield (12 months)2.2% · Below median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)8.6× · Cheapest 25%
P/B1.00× · Cheaper than median
P/S (12 months)3.18× · Cheaper than median
Price / free cash flow (fiscal year)12.6× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hocking Valley Bancshares Inc Fair Value". https://www.fairvalue-calculator.com/stock/HCKG
Frequently asked questions
Is Hocking Valley Bancshares Inc (HCKG) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $33.15 versus a price of $33.25, about 0% lower (fairly valued).
What is the fair value of HCKG?
Our model-based fair value for Hocking Valley Bancshares Inc is $33.15 (as of Nov 8, 2026), built from audited fundamentals. The current price: $33.25.
What is the quality score of HCKG?
Hocking Valley Bancshares Inc has a Quality Score of 73/100. 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 Hocking Valley Bancshares Inc (HCKG)?
Our model-based price target is the fair value of $33.15 (as of Nov 8, 2026) from 6 valuation models. Cautious scenario $29.66, optimistic scenario $44.10. It is a calculation from audited fundamentals, not an analyst target.
What is the Hocking Valley Bancshares Inc stock forecast for 2026?
Our models put fair value at $33.15, about 0% lower versus a price of $33.25 (fairly valued). Cautious scenario $29.66, optimistic scenario $44.10. The calculation is refreshed regularly with new filings.
What is the revenue of Hocking Valley Bancshares Inc (HCKG)?
Hocking Valley Bancshares Inc reported trailing-twelve-month revenue of about $13.0M (latest available figure, as of Nov 8, 2026).
Does Hocking Valley Bancshares Inc pay a dividend?
Hocking Valley Bancshares Inc currently shows a dividend yield of 2.17% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Hocking Valley Bancshares Inc (HCKG) and when is the ex-dividend date?
Hocking Valley Bancshares Inc pays a dividend of $0.72 per share a year, a dividend yield of 2.2%. The last ex-dividend date was Jun 30, 2026. A dividend has been paid every year since at least 2012. The payout ratio is 18.6% of earnings. Free cash flow covers the dividend 3.66 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Hocking Valley Bancshares Inc (HCKG)?
For today's price to be fair in a discounted-cash-flow model, Hocking Valley Bancshares Inc would have to grow free cash flow by -3.5 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.4 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of HCKG use?
Our models discount Hocking Valley Bancshares Inc at 8.5 %: a base by market capitalisation (nano), damped by beta 0.04, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hocking Valley Bancshares Inc that is -3.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has Hocking Valley Bancshares Inc (HCKG) delivered so far?
Over the past 5 years revenue at Hocking Valley Bancshares Inc grew +8.4 % a year. The price currently implies free-cash-flow growth of -3.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hocking Valley Bancshares Inc (HCKG) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Hocking Valley Bancshares Inc (-3.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hocking Valley Bancshares Inc (HCKG)?
The free-cash-flow yield on the price is 7.92 %: that much free cash flow Hocking Valley Bancshares Inc produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hocking Valley Bancshares Inc (HCKG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hocking Valley Bancshares Inc it is $33.15 per share (as of Nov 8, 2026), against a price of $33.25. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Hocking Valley Bancshares Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, HCKG trades above its calculated fair value: price $33.25, fair value $33.15, a gap of about −0% (fairly valued). 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 HCKG?
No. The price is what the market pays today ($33.25); the fair value is what the company's own numbers justify ($33.15). For Hocking Valley Bancshares Inc the two are $0.1000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hocking Valley Bancshares Inc worth?
The market values Hocking Valley Bancshares Inc at about $41.3M (market capitalisation, as of Nov 8, 2026). Per share that is $33.25; our models calculate a fair value of $33.15 per share.
What do the bullish and bearish scenarios say about HCKG?
Our models span a range for Hocking Valley Bancshares Inc: cautious scenario $29.66, base $33.15, optimistic $44.10 per share (as of Nov 8, 2026, price $33.25). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HCKG?
Hocking Valley Bancshares Inc trades at a price-to-earnings ratio of 8.6 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $33.15 is built from several models across several years. Other multiples: P/B 1.0, P/S 3.2, EV/EBITDA 8.4.
How solid is the balance sheet of Hocking Valley Bancshares Inc (HCKG)?
Balance-sheet figures for Hocking Valley Bancshares Inc (as of Nov 8, 2026): return on equity 10.8%. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is HCKG from its 52-week high?
Hocking Valley Bancshares Inc trades at $33.25, about 12% below its 52-week high of $37.74 and 34% above the low of $24.78 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $33.15 is for.
Which stocks are comparable to Hocking Valley Bancshares 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 Hocking Valley Bancshares Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $33.25, calculated fair value $33.15 (−0%), Quality Score 73/100, 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 HCKG calculated?
We run Hocking Valley Bancshares 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 $33.15 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. Hocking Valley Bancshares Inc itself currently trades above fair value. 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 Hocking Valley Bancshares Inc (HCKG)?
The closing price on Nov 3, 2026 was $33.25. Our model-based fair value is $33.15, about 0% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hocking Valley Bancshares Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Hocking Valley Bancshares Inc
How large is the market capitalisation of Hocking Valley Bancshares Inc (HCKG)?
The market capitalisation of Hocking Valley Bancshares Inc is $41.3M. 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 Hocking Valley Bancshares Inc (HCKG)?
The price-to-sales ratio of Hocking Valley Bancshares Inc is 3.18 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hocking Valley Bancshares Inc (HCKG)?
Earnings per share at Hocking Valley Bancshares Inc are $3.87 (price ÷ EPS = P/E 8.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hocking Valley Bancshares Inc (HCKG)?
The dividend yield of Hocking Valley Bancshares Inc is 2.2% (payout 18.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hocking Valley Bancshares Inc (HCKG)?
The net margin of Hocking Valley Bancshares Inc is 32.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hocking Valley Bancshares Inc (HCKG)?
The return on equity (ROE) of Hocking Valley Bancshares Inc is 10.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hocking Valley Bancshares Inc (HCKG)?
On an EBIT basis the return on assets of Hocking Valley Bancshares Inc is 2.8% (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.
What is the operating margin of Hocking Valley Bancshares Inc (HCKG)?
The operating margin of Hocking Valley Bancshares Inc is 40.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much net cash does Hocking Valley Bancshares Inc (HCKG) hold?
Hocking Valley Bancshares Inc holds more cash than debt, $4.0M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026