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Associated Banc-CorpASB -0.16%69 Intrinsic Value: Projected FCF is $52.67 as of Aug. 21, 2026, which is 11870% above its 10-year median of 0.44. GuruFocus rates ASB with a GF Score™ of 69/100 and a GF Value™ of $29.77 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,301 Banks companies, Associated Banc-Corp ranks better than 51.58% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
The historical rank and industry rank for Associated Banc-Corp's Intrinsic Value: Projected FCF or its related term are showing as below:
ASB'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.26 Med: 0.44 Max: 0.75
Current: 0.58
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Associated Banc-Corp was 0.75. The lowest was 0.26. And the median was 0.44.
ASB's Price-to-Projected-FCF is ranked better than 51.58% of 1301
companies
in the Banks industry
Industry Median: 0.59
vs ASB: 0.58
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Associated Banc-Corp's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
30.76
/
52.669342543287
=
0.58
* 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.
Associated Banc-Corp Intrinsic Value: Projected FCF Related Terms
Associated Banc-Corp Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Associated Banc-Corp's Intrinsic Value: Projected FCF 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.
ASB vs FLG, ABCB, AUB: Intrinsic Value: Projected FCF Comparison
For the Banks - Regional subindustry, Associated Banc-Corp's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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.
Associated Banc-Corp Price-to-Projected-FCF vs Banks Industry
For the Banks industry and Financial Services sector, Associated Banc-Corp's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Associated Banc-Corp's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of $52.67 mean?
Associated Banc-Corp (ASB) has a Intrinsic Value: Projected FCF of $52.67 as of Aug. 21, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Associated Banc-Corp and its competitors. This is 11870% above median its historical median of 0.44. Over the past decade, Associated Banc-Corp's Intrinsic Value: Projected FCF has ranged from 0.26 to 0.75. According to the industry distribution chart, Associated Banc-Corp ranks #630 out of 1301 companies in the Banks industry, placing it in the top 48.4%.
Is Associated Banc-Corp's Intrinsic Value: Projected FCF too high?
Associated Banc-Corp's current Intrinsic Value: Projected FCF of $52.67 is 11870% above median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 0.75. The Banks industry median Intrinsic Value: Projected FCF is 0.59. Associated Banc-Corp's value of $52.67 is 8827.1% above this industry median. Based on the distribution chart, Associated Banc-Corp ranks #630 out of 1301 companies in the Banks industry, which is above the industry midpoint. Overall, Associated Banc-Corp has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Associated Banc-Corp's Intrinsic Value: Projected FCF compare to FLG and ABCB?
According to the Banks industry distribution chart, Associated Banc-Corp ranks #630 out of 1301 companies for Intrinsic Value: Projected FCF. This puts Associated Banc-Corp in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 0.59. Associated Banc-Corp's value of $52.67 is 8827.1% above this benchmark. Historically, Associated Banc-Corp's own Intrinsic Value: Projected FCF has ranged from 0.26 to 0.75 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 0.59, Associated Banc-Corp 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 Intrinsic Value: Projected FCF for a Banks company?
The median Intrinsic Value: Projected FCF among Banks companies is 0.59, based on 1,301 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Associated Banc-Corp's current Intrinsic Value: Projected FCF of $52.67 is 8827.1% 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Associated Banc-Corp and its competitors. For the Banks industry, the median Intrinsic Value: Projected FCF is 0.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated Banc-Corp's current Intrinsic Value: Projected FCF is $52.67, which is 11870% above median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Banc-Corp stock overvalued right now?
Based on GuruFocus' analysis, Associated Banc-Corp (ASB) is currently considered Fairly Valued. The stock's GF Value™ is $29.77, compared to a current price of $30.76 — trading 3.3% above its estimated fair value. The current Intrinsic Value: Projected FCF is $52.67, which is 11870% above median its 10-year median of 0.44 and 8827.1% above the Banks industry median of 0.59. Associated Banc-Corp's overall GF Score™ is 69/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Associated Banc-Corp (ASB), the current Intrinsic Value: Projected FCF is $52.67 as of Aug. 21, 2026. 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 Associated Banc-Corp (ASB) Overvalued in 2026?
Based on GuruFocus' analysis, Associated Banc-Corp stock appears to be overvalued.
The current stock price of $30.76 is trading 3.3% above its estimated GF Value™ of $29.77.
GuruFocus considers Associated Banc-Corp to be Fairly Valued.
Key valuation signals for ASB:
Intrinsic Value: Projected FCF: $52.67 (11870% above median its 10-year median of 0.44)
GF Value™: $29.77 vs. price of $30.76 (3.3% above fair value)
Industry Position: 8827.1% above the Banks median (#630 of 1301)
No single metric tells the full story. See the ASB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Associated Banc-Corp is a bank holding company based in the United States of America. The company, through its subsidiaries, provides a broad array of banking and non-banking products and services to individuals and businesses. The group operates in three reportable segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. The majority of its revenue is derived from the Corporate and Commercial Specialty segment, which serves a wide range of customers, including larger businesses, developers, not-for-profits, municipalities, and financial institutions by providing lending and deposit solutions as well as support to deliver, fund, and manage such banking solutions.
69GF Score
Get the complete analysis for ASB
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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