Loading…
First National Corp
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.
None of the investors we track reported a position in FXNC.
▲ +29.1% over 5Y.
today you would have $1,480.62▲ +48.1%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 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 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $25.24 | $23.01 | $21.75 | $17.13 | $23.00 | $16.90 | $21.40 | $19.40 | $18.00 | $12.85 | $8.95 | $8.65 | $5.65 | $5.25 | $6.00 | $12.70 | $10.00 | |
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 1.5% a year plus a 2.2% 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 11.1 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 1.5% 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 |
|---|---|---|---|---|---|---|
| NHIVNewHold Investment Corp IV | $10.12 | — | — | — | — | $278.04M |
| FUNCFirst United Corp | $43.16 | 11.2x | 1.3x | 2.41% | 12.42% | $278.55M |
| ISNRSnow Rothschild Acquisition Corp. | $9.80 | — | — | — | — | $277.86M |
| FRAFFranklin Financial Services Corp | $62.06 |
First National Corporation operates as the bank holding company for First Bank that provides various commercial banking services to small and medium-sized businesses, individuals, estates, local governmental entities, and non-profit organizations in Virginia. The company's deposit products include checking, savings, money market, and individual retirement accounts, as well as certificates of deposit and treasury management solutions. Its loan products also comprise construction loans, including residential and land development loans; 1-4 family residential real estate loans; and commercial real estate loans that are secured by commercial real estate, such as multi-family residential buildings, industrial and warehouse buildings, hotels, and religious facilities. In addition, the company's loan products include commercial and industrial loans; home equity loans; consumer loans, such as lines of credit, automobile loans, and unsecured loans. Further, it provides wealth management services comprising estate planning, investment management of assets, trustee under an agreement, trustee under a will, and estate settlement. Additionally, the company offers title insurance and investment services; and holds other real estate owned and office sites, as well as provides internet and mobile banking, remote deposit capture, and other traditional banking services. First National Corporation was founded in 1907 and is headquartered in Strasburg, Virginia.
Company description provided by Yahoo Finance.
| P/E |
| 11.1x |
| 12.9x |
| 23.0x |
| 14.2x |
| 6.4x |
| 12.4x |
| 9.3x |
| 11.1x |
| 9.5x |
| 13.8x |
| 10.7x |
| 28.9x |
| 6.6x |
| 3.1x |
| 10.9x |
| — |
| — |
| 20.4x |
| P/S | 2.1x | 2.5x | 3.0x | 2.5x | 1.8x | 3.2x | 2.2x | 2.9x | 2.6x | 2.7x | 2.0x | 1.5x | 1.6x | 1.1x | 1.0x | 0.7x | 1.4x | — |
| P/B | 1.1x | 1.2x | 1.2x | 1.2x | 1.0x | 1.2x | 1.0x | 1.4x | 1.4x | 1.5x | 1.2x | 1.0x | 0.7x | 0.5x | 0.6x | 0.5x | 0.8x | — |
| EPS | $1.96 | $1.00 | $1.53 | $2.68 | $1.86 | $1.82 | $1.92 | $2.04 | $1.30 | $1.20 | $0.31 | $1.32 | $1.83 | $0.48 | -$4.01 | -$1.53 | $0.49 |
| Dividend yield | 2.52% | 2.52% | 2.63% | 2.76% | 3.27% | 2.09% | 2.60% | 1.68% | 1.03% | 0.78% | 0.93% | 1.12% | 0.87% | — | — | 3.33% | 5.51% | 5.60% |
| Payout | 24.18% | 32.40% | 60.50% | 39.22% | 20.90% | 25.81% | 24.18% | 18.75% | 9.80% | 10.77% | 10.00% | 32.26% | 5.68% | — | — | — | — | 114.29% |
| Profit margin | 19.21% | 19.61% | 10.12% | 17.44% | 28.86% | 23.01% | 23.48% | 26.14% | 27.55% | 19.21% | 18.61% | 9.13% | 29.28% | 38.91% | 10.59% | -42.16% | -13.60% | 8.99% |
| ROE | 9.51% | 9.51% | 4.18% | 8.28% | 15.50% | 8.85% | 10.43% | 12.38% | 15.20% | 11.09% | 11.33% | 5.78% | 12.81% | 18.44% | 6.24% | -29.55% | -7.43% | 3.92% |
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 2.3% 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.
-6.4% 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.
| 11.3x |
| 1.5x |
| 2.19% |
| 14.45% |
| $279.24M |
| HLXCHelix Acquisition Corp. III | $10.60 | — | — | — | — | $279.55M |
| XSLLXsolla SPAC 1 | $9.99 | — | 175.3x | — | — | $276.52M |