Prices and market caps: Cboe delayed data, at least 15 minutes delayed. Not real-time. Fundamentals from company filings.

FMBL — Fair Value Analysis

Farmers & Merchants Bank of Long Beach

Current: $8227.00Undervalued

Fair Value Range

Bear Case (25th pct.)

$11489.86

39.7% vs price

Base Case (Median)

$13716.15

66.7% vs price

Bull Case (75th pct.)

$16585.56

101.6% vs price

$11489.86$13716.15$16585.56

◇ = Current price | | Bear | Base | Bull

Method Breakdown

Method	Est. Value	vs Price	Weight
DCF (Discounted Cash Flow)	$12211.34	48.4%	High (40%)
PE Comparable	$9325.41	13.4%	Medium (25%)
Growth Trajectory DCF	$20679.33	151.4%	Medium (20%)
Graham Number	$15220.97	85.0%	High (80%)

Interpretation

Based on 4 out of 8 methods, FMBL appears undervalued at the current price of $8227.00. The base case fair value of $13716.15 implies 66.7% upside.

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