First Greenwich Financial Inc (FGFI) fair value: what the stock is really worth
As of Sep 18, 2026: fair value of First Greenwich Financial Inc $15.08, price $19.98, upside -24.5%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $12.50 – $20.50 · fair‑value band $14.95 – $20.62 · the $19.98 price screens above the $15.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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First Greenwich Financial, Inc. operates as the bank holding company for The First Bank of Greenwich that provides various banking products and services to individuals and small-to-medium sized businesses. The company was founded in 2006 and is based in Cos Cob, Connecticut.
Stock analysis
First Greenwich Financial Inc (FGFI) currently trades at $19.98, while our model-based Fair Value estimate is $15.08, implying the stock looks roughly 32.5% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $19.08 per share, and 1 of the 4 models we run sit above the $19.98 price.
Bear case: the Asset-Based group reads lowest at $13.81, and 3 of the 4 models stay below the price. Evidence for this calculation is medium.
Scenario range: $14.95 (bear) to $20.62 (bull), the price of $19.98 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 45/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
First Greenwich Financial Inc reported revenue of $43.8M in FY2025 versus $23.0M in FY2021, a compound +17.5%/yr. Reported net income was $4.0M in FY2025, compounding −10.5%/yr from FY2021.
Key figures
Market cap $54.8M · P/E ratio 11.2 · P/S ratio 1.01 · EPS (TTM) $1.78 · Dividend yield 0.2% · Net margin 9.0% · Return on assets (EBIT) 0.9% · Free cash flow −$1.9M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 5% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −36% fair-value upside, at −25%, FGFI screens cheaper than that median.
Fair Value models
Bear $14.95Fair Value $15.08Bull $20.62
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($1.31 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.Evidence ⓘEvidence = 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+13.2%
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.
+23.2%
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.
+17.4%
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.
+17.4%
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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.
+12.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.0%
Dividend (yield on the price)0.2%
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.17% → 11%
Compare First Greenwich Financial Inc with another stock
Price, fair value, quality and upside side by side.
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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 · 1074 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score45 · Bottom 25%
Fair Value upside−25% · Below median
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)9% · Bottom 25%
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth0% · Bottom 25%
Dividend yield (TTM)0.2% · Bottom 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Is First Greenwich Financial Inc (FGFI) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $15.08 versus the last price from Sep 18, 2026 of $19.98, about −25% upside (overvalued).
What is the fair value of FGFI?
Our model-based fair value for First Greenwich Financial Inc is $15.08 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 18, 2026): $19.98.
What is the quality score of FGFI?
First Greenwich Financial Inc has a Quality Score of 45/100. 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 First Greenwich Financial Inc (FGFI)?
Our model-based price target is the fair value of $15.08 (as of Sep 24, 2026) from 4 valuation models. Cautious scenario $14.95, optimistic scenario $20.62. It is a calculation from audited fundamentals, not an analyst target.
What is the First Greenwich Financial Inc stock forecast for 2026?
Our models put fair value at $15.08, about −25% upside versus the last price from Sep 18, 2026 of $19.98 (overvalued). Cautious scenario $14.95, optimistic scenario $20.62. The calculation is refreshed regularly with new filings.
Does First Greenwich Financial Inc pay a dividend?
First Greenwich Financial Inc currently shows a dividend yield of about 0.15% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of First Greenwich Financial Inc (FGFI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For First Greenwich Financial Inc it is $15.08 per share (as of Sep 24, 2026), against a price of $19.98. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is First Greenwich Financial Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, FGFI trades above its calculated fair value: price $19.98, fair value $15.08, a gap of about −25% (overvalued). 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 FGFI?
No. The price is what the market pays today ($19.98); the fair value is what the company's own numbers justify ($15.08). For First Greenwich Financial Inc the two are $4.90 per share apart. That gap is exactly why we show both numbers side by side.
How much is First Greenwich Financial Inc worth?
The market values First Greenwich Financial Inc at about $54.8M (market capitalisation, as of Sep 24, 2026). Per share that is $19.98; our models calculate a fair value of $15.08 per share.
What do the bullish and bearish scenarios say about FGFI?
Our models span a range for First Greenwich Financial Inc: cautious scenario $14.95, base $15.08, optimistic $20.62 per share (as of Sep 24, 2026, price $19.98). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FGFI?
First Greenwich Financial Inc trades at a price-to-earnings ratio of 11.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $15.08 is built from several models across several years. Other multiples: P/B 1.0, EV/EBITDA 1.4.
How far is FGFI from its 52-week high?
First Greenwich Financial Inc trades at $19.98, about 3% below its 52-week high of $20.50 and 5% above the low of $19.10 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of $15.08 is for.
Which stocks are comparable to First Greenwich Financial Inc?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Intesa Sanpaolo S.p.A, 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 First Greenwich Financial Inc stock attractive at the current price?
The data as of Sep 24, 2026: price $19.98, calculated fair value $15.08 (−25%), Quality Score 45/100, from 4 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 FGFI calculated?
We run First Greenwich Financial Inc through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $15.08, 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 12.8 % above its aggregate fair value. First Greenwich Financial 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 First Greenwich Financial Inc (FGFI)?
The latest price we hold is from Sep 18, 2026 and stands at $19.98. Our model-based fair value is $15.08, about −25% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with First Greenwich Financial Inc right now?
Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder. 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 First Greenwich Financial Inc
How large is the market capitalisation of First Greenwich Financial Inc (FGFI)?
The market capitalisation of First Greenwich Financial Inc is $54.8M. 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 First Greenwich Financial Inc (FGFI)?
The price-to-sales ratio of First Greenwich Financial Inc is 1.01 (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 First Greenwich Financial Inc (FGFI)?
Earnings per share at First Greenwich Financial Inc are $1.78 (price ÷ EPS = P/E 11.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of First Greenwich Financial Inc (FGFI)?
The dividend yield of First Greenwich Financial Inc is 0.2% (payout 1.7%). 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 First Greenwich Financial Inc (FGFI)?
The net margin of First Greenwich Financial Inc is 9.0% (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 First Greenwich Financial Inc (FGFI)?
On an EBIT basis the return on assets of First Greenwich Financial Inc is 0.9% (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 First Greenwich Financial Inc (FGFI) generate?
The free cash flow of First Greenwich Financial Inc is −$1.9M (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 First Greenwich Financial Inc (FGFI) carry?
The net debt of First Greenwich Financial Inc is $24.0M (fiscal year 2025). 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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Sep 24, 2026