First Capital BancsharesFCPB 63 Graham Number is $14.28 as of Dec. 2025, which is 1286% above its 10-year median of 1.03. GuruFocus rates FCPB with a GF Score™ of 63/100 and a GF Value™ of $13.39 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,433 Banks companies, First Capital Bancshares ranks worse than 63.92% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
The historical rank and industry rank for First Capital Bancshares's Graham Number or its related term are showing as below:
FCPB'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.82 Med: 1.03 Max: 2.34
Current: 0.9
During the past 10 years, the highest Price to Graham Number ratio of First Capital Bancshares was 2.34. The lowest was 0.82. And the median was 1.03.
FCPB's Price-to-Graham-Number is ranked worse than 63.92% of 1433
companies
in the Banks industry
Industry Median: 0.8
vs FCPB: 0.90
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
First Capital Bancshares (OTCPK:FCPB) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
First Capital Bancshares's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
12.85
/
14.28
=
0.90
* 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.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
First Capital Bancshares Graham Number Related Terms
First Capital Bancshares Graham Number Historical Data
* 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.
FCPB vs CTUY, BBNA, CHBH: Graham Number Comparison
For the Banks - Regional subindustry, First Capital Bancshares's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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 Capital Bancshares Price-to-Graham-Number vs Banks Industry
For the Banks industry and Financial Services sector, First Capital Bancshares's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where First Capital Bancshares's Price-to-Graham-Number falls into.
* 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 Capital Bancshares (FCPB) has a Graham Number of $14.28 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on First Capital Bancshares and its competitors. This is 1286% above median its historical median of 1.03. Over the past decade, First Capital Bancshares' Graham Number has ranged from 0.82 to 2.34. According to the industry distribution chart, First Capital Bancshares ranks #916 out of 1433 companies in the Banks industry, placing it in the top 63.9%.
Is First Capital Bancshares' Graham Number too high?
First Capital Bancshares' current Graham Number of $14.28 is 1286% above median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 2.34. The Banks industry median Graham Number is 0.80. First Capital Bancshares' value of $14.28 is 1685% above this industry median. Based on the distribution chart, First Capital Bancshares ranks #916 out of 1433 companies in the Banks industry, which is below the industry midpoint. Overall, First Capital Bancshares has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Capital Bancshares' Graham Number compare to CTUY and BBNA?
According to the Banks industry distribution chart, First Capital Bancshares ranks #916 out of 1433 companies for Graham Number. This places First Capital Bancshares in the lower half of its industry. The industry median Graham Number is 0.80. First Capital Bancshares' value of $14.28 is 1685% above this benchmark. Historically, First Capital Bancshares' own Graham Number has ranged from 0.82 to 2.34 over the past decade. While the company's 10-year median is 1.03 vs. the industry median of 0.80, First Capital Bancshares has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Banks company?
The median Graham Number among Banks companies is 0.80, based on 1,433 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Capital Bancshares's current Graham Number of $14.28 is 1685% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on First Capital Bancshares and its competitors. For the Banks industry, the median Graham Number is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Capital Bancshares's current Graham Number is $14.28, which is 1286% above median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Capital Bancshares stock overvalued right now?
Based on GuruFocus' analysis, First Capital Bancshares (FCPB) is currently considered Fairly Valued. The stock's GF Value™ is $13.39, compared to a current price of $12.85 — trading 4% below its estimated fair value. The current Graham Number is $14.28, which is 1286% above median its 10-year median of 1.03 and 1685% above the Banks industry median of 0.80. First Capital Bancshares' overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For First Capital Bancshares (FCPB), the current Graham Number is $14.28 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Capital Bancshares (FCPB) Overvalued in 2026?
Based on GuruFocus' analysis, First Capital Bancshares stock appears to be undervalued.
The current stock price of $12.85 is trading 4% below its estimated GF Value™ of $13.39.
GuruFocus considers First Capital Bancshares to be Fairly Valued.
Key valuation signals for FCPB:
Graham Number: $14.28 (1286% above median its 10-year median of 1.03)
GF Value™: $13.39 vs. price of $12.85 (4% below fair value)
Industry Position: 1685% above the Banks median (#916 of 1433)
No single metric tells the full story. See the FCPB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Capital Bancshares Inc provides banking services to domestic markets. It provides commercial banking services and accepts various deposit products, including checking and savings accounts, individual retirement accounts, certificates of deposit, money market accounts, and student accounts. The Company provides vehicle, boat, RV, construction, deposit secured, home equity, residential mortgage, commercial real estate, equipment, and agricultural loans, as well as commercial lines of credit and overdraft protection for checking accounts. It also offers ATM and Visa check cards, safe deposit boxes, credit cards, direct deposits, and after-hours night depositary services.
63GF Score
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