FNRN (First Northern Community Bancorp) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FNRN First Northern Community Bancorp FNRN
57 GF Score
Price $17.25
GF Value $10.47
Valuation Significantly Overvalued
! 5 Warning Signs
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What is First Northern Community Bancorp Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


First Northern Community Bancorp  (NAS:FNRN) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


First Northern Community Bancorp Cyclically Adjusted PS Ratio Related Terms


First Northern Community Bancorp Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for First Northern Community Bancorp's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Northern Community Bancorp Cyclically Adjusted PS Ratio Chart

First Northern Community Bancorp Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.76 2.10 2.26 2.50 3.32

First Northern Community Bancorp Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.34 3.01 3.16 3.84 4.26

FNRN vs QNBC, ATLO, FRAF: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, First Northern Community Bancorp's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Northern Community Bancorp Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, First Northern Community Bancorp's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where First Northern Community Bancorp's Cyclically Adjusted PS Ratio falls into.


FNRN
57GF Score
First Northern Community Bancorp FNRN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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First Northern Community Bancorp Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

First Northern Community Bancorp's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, First Northern Community Bancorp's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.137/333.9520*333.9520
=1.137

Current CPI (Jun. 2026) = 333.9520.

First Northern Community Bancorp Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.611 241.428 0.845
201612 0.736 241.432 1.018
201703 0.707 243.801 0.968
201706 0.659 244.955 0.898
201709 0.681 246.819 0.921
201712 0.859 246.524 1.164
201803 0.713 249.554 0.954
201806 0.801 251.989 1.062
201809 0.765 252.439 1.012
201812 0.952 251.233 1.265
201903 0.789 254.202 1.037
201906 0.760 256.143 0.991
201909 0.778 256.759 1.012
201912 0.965 256.974 1.254
202003 0.743 258.115 0.961
202006 0.751 257.797 0.973
202009 0.853 260.280 1.094
202012 0.741 260.474 0.950
202103 0.756 264.877 0.953
202106 0.795 271.696 0.977
202109 0.792 274.310 0.964
202112 0.777 278.802 0.931
202203 0.805 287.504 0.935
202206 0.860 296.311 0.969
202209 0.967 296.808 1.088
202212 0.895 296.797 1.007
202303 1.035 301.836 1.145
202306 1.145 305.109 1.253
202309 1.042 307.789 1.131
202312 1.045 306.746 1.138
202403 0.994 312.332 1.063
202406 1.029 314.175 1.094
202409 1.066 315.301 1.129
202412 1.071 315.605 1.133
202503 1.043 319.799 1.089
202506 1.114 322.561 1.153
202509 1.117 324.800 1.148
202512 1.143 324.054 1.178
202603 1.149 330.213 1.162
202606 1.137 333.952 1.137

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is First Northern Community Bancorp (FNRN) Overvalued in 2026?

Based on GuruFocus' analysis, First Northern Community Bancorp stock appears to be overvalued. The current stock price of $17.25 is trading 64.8% above its estimated GF Value™ of $10.47. GuruFocus considers First Northern Community Bancorp to be Significantly Overvalued.

Key valuation signals for FNRN:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $10.47 vs. price of $17.25 (64.8% above fair value)
  • GF Score™: 57/100 with 5 warning signs

No single metric tells the full story. See the FNRN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Northern Community Bancorp Business Description

Address 195 North First Street, Dixon, CA, USA, 95620
First Northern Community Bancorp is a bank holding company for a community bank, First Northern Bank of Dixon. It conducts general banking activities, including collecting deposits and originating loans, and serves Solano, Yolo, Sacramento, Placer, El Dorado, and Contra Costa Counties. It offers a broad range of alternative investment products and services, equipment leasing, credit cards, merchant card processing, payroll services, and limited international banking services. The bank generates the majority of its revenue by providing various products and services to small and medium-sized businesses and individuals. including accepting demand, interest bearing transaction, savings, and time deposits, and making commercial, consumer, and real estate-related loans.
57GF Score

Get the complete analysis for FNRN

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$17.25
Price
$10.47
GF Value