CB Financial Services, Inc.
How the company evolved, year by year. Revenue and debt come from the annual reports — for most companies, the 10-K filings with the SEC since 2009; dividends from the payments themselves.
The bars are a balance on the closing date; the lines are what happened during the year. Revenue above equity is ordinary, not an anomaly — it means the company turns its capital over more than once a year.
Major managers that reported this stock in their latest 13F.
▲ +54.4% over 5Y.
today you would have $1,922.42▲ +92.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 14 closed years. Each multiple uses that year’s closing price and that year’s reported numbers — not today’s. The range is set by the annual reports on record.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $34.86 | $28.58 | $23.81 | $21.43 | $24.07 | $20.01 | $30.14 | $24.78 | $30.00 | $25.85 | $22.92 | $19.90 | $19.75 | $19.00 | |
| P/E | 11.5x | 37.9x | 12.0x | 5.4x |
Seven formulas applied to what the company reported. None of them predicts a price — each answers what the stock would be worth if its assumption held. The assumption is printed next to every number, because it is the assumption that produces the result.
Square root of 22.5 × earnings × book value — the two ceilings Graham proposed. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 2.9% dividend — Lynch adds the yield to the growth rate, so a payer is not priced like a company that returns nothing. Growth capped at 25%.
Median P/E of 13.4 among peers in the sector.
Median P/E of 11.5 across the years on record for this company itself. Answers whether it is cheap against its own past, which a whole sector trading low cannot flatter.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| BIDTribeca Strategic Acquisition Corp. | $9.90 | — | — | — | — | $190.84M |
| JRVRJames River Group Holdings, Inc. | $4.14 | 9.4x | 0.4x | 0.97% | 4.93% | $191.43M |
| HNVRHanover Bancorp, Inc. | $26.81 | 21.1x | 1.0x | 1.49% | 4.71% | $189.16M |
| LARKLandmark Bancorp Inc |
CB Financial Services, Inc. operates as the bank holding company for Community Bank that provides banking products and services for individuals and businesses. Its primary deposit products include demand deposits, NOW accounts, money market accounts, and savings and checking accounts, as well as time deposit products. The company's loan products comprise residential real estate loans, such as one- to four-family mortgage loans, home equity installment loans, and home equity lines of credit; commercial real estate loans that are secured primarily by improved properties comprising retail facilities, office buildings, and other non-residential buildings, as well as multifamily properties; construction loans to individuals to finance the construction of residential dwellings, as well as for the construction of commercial properties, including hotels, apartment buildings, housing developments, and owner-occupied properties used for businesses; commercial and industrial loans, and lines of credit; consumer loans consisting of indirect auto loans, secured and unsecured loans, and lines of credit; and other loans. In addition, it invests in U.S. treasuries, U.S. government agency securities, mortgage-backed securities (MBS's), collateralized mortgage obligations (CMO's), investment grade corporate bonds, obligations of states and political subdivisions, short-term instruments, collateralized loan obligations (CLO's), and other securities; and equity securities, which includes mutual funds. CB Financial Services, Inc. was founded in 1901 and is headquartered in Carmichaels, Pennsylvania.
Company description provided by Yahoo Finance.
| 9.8x |
| 11.2x |
| — |
| 11.5x |
| 17.7x |
| 17.8x |
| 13.9x |
| 11.1x |
| 12.2x |
| 11.5x |
| 11.2x |
| P/S | 2.7x | 4.1x | 2.8x | 1.8x | 2.1x | 2.2x | 2.1x | 3.1x | 2.9x | 3.3x | 2.9x | 2.5x | 3.6x | 2.6x | 2.5x |
| P/B | 1.0x | 1.1x | 1.0x | 0.9x | 1.0x | 0.9x | 0.8x | 1.1x | 1.0x | 1.3x | 1.2x | 1.1x | 1.0x | 1.1x | 1.1x |
| EPS | $0.92 | $2.38 | $4.40 | $2.18 | $2.15 | -$1.97 | $2.63 | $1.40 | $1.69 | $1.86 | $2.07 | $1.63 | $1.72 | $1.70 |
| Dividend yield | 3.85% | 2.93% | 3.50% | 4.20% | 4.48% | 3.99% | 4.80% | 3.19% | 3.59% | 2.93% | 3.40% | 3.71% | 4.22% | 4.25% | 4.42% |
| Payout | 47.31% | 110.87% | 42.02% | 22.73% | 44.04% | 44.65% | — | 36.50% | 63.57% | 52.07% | 47.31% | 41.06% | 51.53% | 48.84% | 49.41% |
| Profit margin | 21.04% | 11.26% | 24.42% | 32.89% | 21.32% | 20.50% | -20.71% | 27.69% | 15.33% | 18.84% | 20.76% | 22.88% | 18.91% | 22.55% | 22.21% |
| ROE | 8.62% | 3.11% | 8.55% | 16.13% | 10.21% | 8.69% | -7.91% | 9.48% | 5.12% | 7.45% | 8.47% | 9.69% | 5.24% | 9.46% | 9.48% |
Median, not average: a single year of near-zero profit produces a P/E of 400 and would drag an average on its own. P/E years above 200x are left out, the same cut the fair price uses — so this median matches the “its own history” method below. Price and EPS have no median: they are series that grow.
Dividend growing 1.6% a year against a 7.0% required return, taken from the stock’s beta. The only method anchored on what the company pays rather than what it reports.
Not the average of the seven numbers above. Four of the seven start from the same earnings per share — Graham, Lynch, sector multiples and its own history — so averaging all seven would let one input count four times and drown out the others. Instead each family produces one number, and the fair price is the average of the families that answered. A family with two working formulas contributes their average, not two votes.
6 methods answered, across 3 families.
Every formula reads the same reported statements and they can be wrong together. The margin is room for that.
-16.3% from the average.
These are models, not forecasts, and not investment advice. Change one assumption and the number changes with it — that is a property of valuation, not a defect of this page.
| $31.65 |
| 9.6x |
| 1.2x |
| 2.65% |
| 12.77% |
| $193.08M |
| FNWDFinward Bancorp | $43.35 | 19.1x | 1.1x | 1.43% | 5.90% | $187.84M |
| CIACitizens Inc | $3.84 | 17.5x | 0.8x | — | 5.00% | $194.47M |