Alerus Financial Corporation (ALRS) Fair Value 2026 — DCF & Multi-Method Analysis | EvidInvest | EvidInvest

ALRS — Fair Value Analysis

Alerus Financial Corporation

Current: $32.68Overvalued

Fair Value Range

Bear Case (25th pct.)

$11.26

-65.5% vs price

Base Case (Median)

$13.08

-60.0% vs price

Bull Case (75th pct.)

$18.17

-44.4% vs price

$11.26$13.08$18.17

◇ = Current price | |Bear |Base | Bull

Method Breakdown

Method	Est. Value	vs Price	Weight
DCF (Discounted Cash Flow)	$9.45	-71.1%	High (40%)
PE Comparable	$13.08	-60.0%	Medium (25%)
Graham Number	$23.26	-28.8%	High (80%)

Interpretation

Based on 3 out of 8 methods, ALRS appears overvalued at the current price of $32.68. The base case fair value of $13.08 implies 60.0% downside.

Bear/base/bull cases represent the 25th, 50th, and 75th percentile of available method estimates. This is not financial advice. Valuation is inherently uncertain.