Summit Bancshares Inc (SMAL) fair value: what the stock is really worth
As of Oct 15, 2026: fair value (intrinsic value) of Summit Bancshares Inc stock $24.00, price $12.00, upside +100.0%, quality 58 out of 100. Rating: strongly 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 8, 2026.
How to read this chart
60‑month range $4.99 – $59.30 · fair‑value band $21.27 – $28.37 · the $12.00 price screens below the $24.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Summit Bancshares, Inc., through its subsidiary, Summit Bank, provides commercial credit and other banking services in California. It offers checking and savings accounts, and certificates of deposit.
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The company also provides commercial real estate, land development and construction, and commercial and consumer loans, as well as letters of credit.
The company offers commercial credits and other banking services to small and mid-sized businesses and professionals, including professional firms of physicians, attorneys, accountants, real estate developers, retailers, service firms, wholesalers, and distributors, as well as individuals.
Summit Bancshares, Inc. was founded in 1982 and is based in Oakland, California.
Stock analysis
Summit Bancshares Inc (SMAL) currently trades at $12.00, while our model-based Fair Value estimate is $24.00, implying the stock looks roughly 50% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $42.02 per share, and 6 of the 6 models we run sit above the $12.00 price.
Bear case: the Dividend Discount group reads lowest at $22.01, and 0 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $21.27 (bear) to $28.37 (bull), the price of $12.00 sits below 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 58/100 (solid quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Summit Bancshares Inc reported revenue of $16.4M in FY2025 versus $13.1M in FY2021, a compound +5.8%/yr. Reported net income was $3.0M in FY2025, compounding +6.7%/yr from FY2021.
Key figures
Market cap $14.0M Micro · P/E ratio 4.6 · P/S ratio 0.85 · EPS (TTM) $2.60 · Dividend yield 2.8% · Net margin 18.5% · Return on equity 9.8% · Return on assets (EBIT) 1.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 80% below its 52-week high and 9% above its 52-week low.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 100%, SMAL screens cheaper than that median.
Fair Value models
Bear$21.27Fair Value $24.00Bull$28.37
Price $12.00 · Upside +100.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 ($1.95 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.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
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.
+6.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.9%
Dividend (yield on the price)2.8%
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.3.9% vs 5.2%, 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.29% → 26%
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 · 996 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (12 months)9.8% · Below median
Return on assets1.1% · Above median
Net margin (12 months)29.1% · Below median
Operating margin (12 months)37.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)1.5% · Below median
Dividend yield (12 months)2.8% · Above median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Is Summit Bancshares Inc (SMAL) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $24.00 versus the last price from Oct 15, 2026 of $12.00, about +100% upside (undervalued).
What is the fair value of SMAL?
Our model-based fair value for Summit Bancshares Inc is $24.00 (as of Nov 8, 2026), built from audited fundamentals. Last price (from Oct 15, 2026): $12.00.
What is the quality score of SMAL?
Summit Bancshares Inc has a Quality Score of 58/100. 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 Summit Bancshares Inc (SMAL)?
Our model-based price target is the fair value of $24.00 (as of Nov 8, 2026) from 6 valuation models. Cautious scenario $21.27, optimistic scenario $28.37. It is a calculation from audited fundamentals, not an analyst target.
What is the Summit Bancshares Inc stock forecast for 2026?
Our models put fair value at $24.00, about +100% upside versus the last price from Oct 15, 2026 of $12.00 (undervalued). Cautious scenario $21.27, optimistic scenario $28.37. The calculation is refreshed regularly with new filings.
What is the revenue of Summit Bancshares Inc (SMAL)?
Summit Bancshares Inc reported trailing-twelve-month revenue of about $15.6M (latest available figure, as of Nov 8, 2026).
Does Summit Bancshares Inc pay a dividend?
Summit Bancshares Inc currently shows a dividend yield of 2.75% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Summit Bancshares Inc (SMAL) and when is the ex-dividend date?
Summit Bancshares Inc pays a dividend of $0.33 per share a year, a dividend yield of 2.8%. The last ex-dividend date was Aug 18, 2026. A dividend has been paid every year since 2015. The payout ratio is 12.7% 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 Summit Bancshares Inc (SMAL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Summit Bancshares Inc it is $24.00 per share (as of Nov 8, 2026), against a price of $12.00. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Summit Bancshares Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, SMAL trades below its calculated fair value: price $12.00, fair value $24.00, a gap of about +100% (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 SMAL?
No. The price is what the market pays today ($12.00); the fair value is what the company's own numbers justify ($24.00). For Summit Bancshares Inc the two are $12.00 per share apart. That gap is exactly why we show both numbers side by side.
How much is Summit Bancshares Inc worth?
The market values Summit Bancshares Inc at about $14.0M (market capitalisation, as of Nov 8, 2026). Per share that is $12.00; our models calculate a fair value of $24.00 per share.
What do the bullish and bearish scenarios say about SMAL?
Our models span a range for Summit Bancshares Inc: cautious scenario $21.27, base $24.00, optimistic $28.37 per share (as of Nov 8, 2026, price $12.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SMAL?
Summit Bancshares Inc trades at a price-to-earnings ratio of 4.6 (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 $24.00 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 13.7. Other multiples: PEG 0.1, P/B 0.3, P/S 0.9, EV/EBITDA 1.9.
What is the PEG ratio of SMAL?
The PEG ratio of Summit Bancshares Inc is 0.12 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Summit Bancshares Inc (SMAL)?
Balance-sheet figures for Summit Bancshares Inc (as of Nov 8, 2026): return on equity 9.8%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is SMAL from its 52-week high?
Summit Bancshares Inc trades at $12.00, about 80% below its 52-week high of $59.30 and 9% above the low of $11.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $24.00 is for.
Which stocks are comparable to Summit 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 Summit Bancshares Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $12.00, calculated fair value $24.00 (+100%), Quality Score 58/100, 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 SMAL calculated?
We run Summit 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 $24.00 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. Summit Bancshares Inc currently trades 50% 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 Summit Bancshares Inc (SMAL)?
The latest price we hold is from Oct 15, 2026 and stands at $12.00. Our model-based fair value is $24.00, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Summit Bancshares Inc right now?
The price is below even our cautious bear case ($21.27). The market is more pessimistic than our downside scenario. Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality. 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 Summit Bancshares Inc
How large is the market capitalisation of Summit Bancshares Inc (SMAL)?
The market capitalisation of Summit Bancshares Inc is $14.0M. 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 Summit Bancshares Inc (SMAL)?
The price-to-sales ratio of Summit Bancshares Inc is 0.85 (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 Summit Bancshares Inc (SMAL)?
Earnings per share at Summit Bancshares Inc are $2.60 (price ÷ EPS = P/E 4.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Summit Bancshares Inc (SMAL)?
The dividend yield of Summit Bancshares Inc is 2.8% (payout 12.7%). 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 Summit Bancshares Inc (SMAL)?
The net margin of Summit Bancshares Inc is 18.5% (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 return on equity of Summit Bancshares Inc (SMAL)?
The return on equity (ROE) of Summit Bancshares Inc is 9.8% (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 Summit Bancshares Inc (SMAL)?
On an EBIT basis the return on assets of Summit Bancshares Inc is 1.7% (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 Summit Bancshares Inc (SMAL)?
The operating margin of Summit Bancshares Inc is 37.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Summit Bancshares Inc (SMAL)?
Revenue at Summit Bancshares Inc is growing +1.5% versus a year earlier (3y avg +5.1%). 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 Summit Bancshares Inc (SMAL)?
Earnings per share at Summit Bancshares Inc are growing +8.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Summit Bancshares Inc (SMAL) generate?
The free cash flow of Summit Bancshares Inc is $4.1M (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 Summit Bancshares Inc (SMAL) hold?
Summit Bancshares Inc holds more cash than debt, $4.7M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026