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Park National Corporation (PRK) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Park National Corporation stock $73.21, price $177, that is 58.6% below the price, quality 53 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services US

PN Park National Corporation logo Broad data Nov 8, 2026

Park National Corporation

PRK · US
Solid, but very expensive

Our calculation puts a fair price 59% below what the stock costs today.

Healthy Growth (revenue 5y +6.6 %/yr in USD)
Highly profitable · 31.3% net margin (TTM)
2.5% dividend yield · Low payout
Positive coverage
Broad data
Revenue last quarter +26% vs. a year ago.
Quality 53/100
Mixed vs. peers (6/15)
Wide moat 71/100 · thin data
Fair value $73.21 · Strongly overvalued
⚠ Dilution

Risks from the AI analysis

🚩Systems conversion adding integration costs and risks
Watch Park National Corporation for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$211.40 $84.65 Fair Value $73.21 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

60‑month range $84.65 – $211.40 · fair‑value band $61.16 – $104.29 · the $176.95 price screens above the $73.21 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.

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Company profile

Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in small and medium population areas in the United States.

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The company offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services.

It also provides commercial loans, including financing for industrial and commercial properties, financing for equipment, inventory and accounts receivable, acquisition financing, and commercial leasing, as well as for consumer finance companies; commercial real estate loans comprising mortgage loans to developers and owners of commercial real estate; originates financing leases primarily for the purchase of commercial vehicles, operating/manufacturing equipment, and municipal vehicles/equipment; consumer loans, such as automobile, recreational vehicle, and watercraft loans; consumer finance services; home equity lines of credit; and residential real estate and construction loans, as well as installment loans and commercial loans.

In addition, the company offers aircraft financing services; and ParkDirect, a personal banking application. Park National Corporation was founded in 1908 and is headquartered in Newark, Ohio.

Stock analysis

Park National Corporation (PRK) currently trades at $176.95, while our model-based Fair Value estimate is $73.21, 59% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of $110.94 per share, and 0 of the 6 models we run sit above the $176.95 price.

Bear case: the Asset-Based group reads lowest at $44.17, and 6 of the 6 models stay below the price. Data coverage for this calculation is high.

Scenario range: $61.16 (bear) to $104.29 (bull), the price of $176.95 sits above 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 53/100 (solid quality), in the Financial Services sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Park National Corporation reported revenue of $664M in FY2025 versus $476M in FY2021, a compound +8.7%/yr. Reported net income was $180M in FY2025, compounding +4.0%/yr from FY2021.

Key figures

Market cap $3.2B Mid · P/E ratio 15.9 · P/S ratio 5.18 · EPS (TTM) $11.11 · Dividend yield 2.5% · Net margin 31.3% · Return on equity 12.6% · Return on assets (EBIT) 1.9% (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 16% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −59%, PRK screens richer than that median.

Fair Value models

Bear $61.16 Fair Value $73.21 Bull $104.29
Price $176.95 · Downside -58.6%
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 ($5.81 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.
Best data coverage
Residual Income $71.95 $86.13 $116.01 76
Gordon GGM $45.61 $79.89 $122.69 67
DDM Multi-Stage $45.61 $67.85 $92.25 66
All 6 models by family
Dividend Discount
Gordon GGM $45.61 $79.89 $122.69 67
DDM Multi-Stage $45.61 $67.85 $92.25 66
Multiples
P/E Multiple $97.19 $129.59 $161.99 63
P/B Multiple $69.22 $92.29 $115.36 55
Asset-Based
NCAV (Graham) $32.96 $44.17 $65.92 54
Economic Profit
Residual Income $71.95 $86.13 $116.01 76

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 53/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 38
How much profit the company makes from its sales and capital
Quality Growth 62
Are margins and returns getting better?
Cashflow 85
Do the profits arrive as real cash?
Financial strength 5
Debt, balance sheet and risk of trouble
Investment 86
Does it invest with discipline instead of growing at any price?
Low Volatility 80
How calm the share price moves, does not count
Price momentum 44
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 51
Distance to the 52-week high, does not count
New shares 26
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, no officer or director bought or sold shares on the open market.

Plus 10 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.

Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗

Revenue & earnings trend

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
+2.9%
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.
+8.9%
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.
+6.6%
Start year 2020 (pandemic). Over 10 years: +6.8% a year
Revenue growth 35 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.
+5.0%
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. Basis: adjusted.
+6.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.2%
Dividend (yield on the price)2.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.7.4% vs 7.4%, steady
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.32% → 33%
Pace: the 5-year rate starts in 2020 (pandemic)

PRK screens overvalued: fair value 59% below the price. Compare with China Merchants Bank Co →

Earlier news

News mood ⓘNews mood, the average tone of recent news (84 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Positive
Recent news coverage is more positive than average.
Note from the team Oct 19, 2026
AI conclusion: Moderate moat potential stems from a clean balance sheet and solid margins, yet thin signals on differentiation and acquisition integration risks limit long-term durability.
Main risk: The systems conversion after the First Citizens acquisition introduces integration costs and risks that could pressure near-term results and margins.
Park National's acquisition of First Citizens has driven most of the recent expansion in loans and deposits through its relationship-based banking model. The upcoming systems conversion adds integration costs and risks that may pressure near-term results. Will that model retain and deepen ties with the new customers more than scale efficiencies can offset the added expenses?
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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 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score 53 · Below median
Fair Value upside −58.6% · Bottom 25%
Profitability
Return on equity (12 months) 12.6% · Above median
Return on assets 1.8% · Top 25%
Net margin (12 months) 31.3% · Above median
Operating margin (12 months) 46.6% · Above median
Growth and dividend
Revenue growth (quarter YoY) 25.7% · Top 25%
Dividend yield (12 months) 2.5% · Below median

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (12 months) 15.9× · Priciest 25%
P/B 2.33× · Priciest 25%
P/S (12 months) 5.18× · Priciest 25%
Price / free cash flow (fiscal year) 16.4× · Priciest 25%
EV/EBITDA 13.1× · Pricier than median
PEG 3.47× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 8
FUTURE (revenue growth)100 · sector 47
PAST (return on equity)50 · sector 43
HEALTH (low debt)–
DIVIDEND (yield)49 · sector 53

VALUE 0: the price sits above our fair-value range.

HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Postal Savings Bank of China Co 601658 ¥5.53 ¥7.59 +37% vs PRK
China Merchants Bank Co 600036 ¥42.88 ¥52.73 +23% vs PRK
BNP Paribas SA BNP €91.93 €106.01 +15% vs PRK
Intesa Sanpaolo S.p.A ISP €6.18 €4.49 −27% vs PRK
State Bank of India SBIN ₹1,019 ₹736.65 −28% vs PRK
UniCredit S.p.A UCG €76.80 €50.44 −34% vs PRK
Mizuho Financial Group MFG $9.40 $5.89 −37% vs PRK
DBS Group D05 69.72 SGD 40.39 SGD −42% vs PRK
HDFC Bank Limited HDFCBANK ₹788.25 ₹406.39 −48% vs PRK
ICICI Bank Limited ICICIBANK ₹1,571 ₹615.63 −61% vs PRK

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Frequently asked questions

Is Park National Corporation (PRK) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $73.21 versus a price of $176.95, about 59% lower (overvalued).
What is the fair value of PRK?
Our model-based fair value for Park National Corporation is $73.21 (as of Nov 8, 2026), built from audited fundamentals. The current price: $176.95.
What is the quality score of PRK?
Park National Corporation has a Quality Score of 53/100. 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 Park National Corporation (PRK)?
Our model-based price target is the fair value of $73.21 (as of Nov 8, 2026) from 6 valuation models. Cautious scenario $61.16, optimistic scenario $104.29. It is a calculation from audited fundamentals, not an analyst target.
What is the Park National Corporation stock forecast for 2026?
Our models put fair value at $73.21, about 59% lower versus a price of $176.95 (overvalued). Cautious scenario $61.16, optimistic scenario $104.29. The calculation is refreshed regularly with new filings.
What is the revenue of Park National Corporation (PRK)?
Park National Corporation reported trailing-twelve-month revenue of about $609M (latest available figure, as of Nov 8, 2026).
Does Park National Corporation pay a dividend?
Park National Corporation currently shows a dividend yield of 2.45% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Park National Corporation (PRK) and when is the ex-dividend date?
Park National Corporation pays a dividend of $4.34 per share a year, a dividend yield of 2.5%. The last ex-dividend date was Aug 21, 2026. A dividend has been paid every year since at least 1990. The payout ratio is 39.1% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Park National Corporation (PRK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Park National Corporation it is $73.21 per share (as of Nov 8, 2026), against a price of $176.95. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Park National Corporation stock overvalued or undervalued in 2026?
As of Nov 8, 2026, PRK trades above its calculated fair value: price $176.95, fair value $73.21, a gap of about −59% (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 PRK?
No. The price is what the market pays today ($176.95); the fair value is what the company's own numbers justify ($73.21). For Park National Corporation the two are $103.74 per share apart. That gap is exactly why we show both numbers side by side.
How much is Park National Corporation worth?
The market values Park National Corporation at about $3.2B (market capitalisation, as of Nov 8, 2026). Per share that is $176.95; our models calculate a fair value of $73.21 per share.
What do the bullish and bearish scenarios say about PRK?
Our models span a range for Park National Corporation: cautious scenario $61.16, base $73.21, optimistic $104.29 per share (as of Nov 8, 2026, price $176.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PRK?
Park National Corporation trades at a price-to-earnings ratio of 15.9 (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 $73.21 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 4 of the years ex one-offs: 14.2. Other multiples: PEG 3.5, P/B 2.3, P/S 5.2, EV/EBITDA 13.1.
What is the PEG ratio of PRK?
The PEG ratio of Park National Corporation is 3.47 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Park National Corporation (PRK)?
Balance-sheet figures for Park National Corporation (as of Nov 8, 2026): return on equity 12.6%. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is PRK from its 52-week high?
Park National Corporation trades at $176.95, about 16% below its 52-week high of $211.40 and 22% above the low of $144.76 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $73.21 is for.
Which stocks are comparable to Park National Corporation?
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 Park National Corporation stock attractive at the current price?
The data as of Nov 8, 2026: price $176.95, calculated fair value $73.21 (−59%), Quality Score 53/100, 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 PRK calculated?
We run Park National Corporation through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $73.21 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. Park National Corporation 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 Park National Corporation (PRK)?
The closing price on Nov 6, 2026 was $176.95. Our model-based fair value is $73.21, about 59% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Park National Corporation right now?
The price sits above even our optimistic bull case ($104.29). The favourable scenario is already priced in. Solid but not exceptional quality (53/100) 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.
Where does the earnings growth of Park National Corporation (PRK) come from?
Earnings per share at Park National Corporation grew +6.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.5 %, EBIT margin −2.6 %, tax rate +1.7 %, residual (interest, one-offs) +0.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Park National Corporation

How large is the market capitalisation of Park National Corporation (PRK)?
The market capitalisation of Park National Corporation is $3.2B. 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 Park National Corporation (PRK)?
The price-to-sales ratio of Park National Corporation is 5.18 (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 Park National Corporation (PRK)?
Earnings per share at Park National Corporation are $11.11 (price ÷ EPS = P/E 15.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Park National Corporation (PRK)?
The dividend yield of Park National Corporation is 2.5% (payout 39.1%). 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 Park National Corporation (PRK)?
The net margin of Park National Corporation is 31.3% (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 Park National Corporation (PRK)?
The return on equity (ROE) of Park National Corporation is 12.6% (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 Park National Corporation (PRK)?
On an EBIT basis the return on assets of Park National Corporation is 1.9% (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.
What is the operating margin of Park National Corporation (PRK)?
The operating margin of Park National Corporation is 46.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Park National Corporation (PRK)?
Revenue at Park National Corporation is growing +25.7% versus a year earlier (3y avg +8.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Park National Corporation (PRK)?
Earnings per share at Park National Corporation are growing +8.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Park National Corporation (PRK) generate?
The free cash flow of Park National Corporation is $192M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Park National Corporation (PRK) hold?
Park National Corporation holds more cash than debt, $38.5M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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