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

FXNC — Fair Value Analysis

FIRST NATIONAL CORP /VA/

Current: $31.06Overvalued

Fair Value Range

Bear Case (25th pct.)

$28.77

-7.4% vs price

Base Case (Median)

$28.79

-7.3% vs price

Bull Case (75th pct.)

$31.03

-0.1% vs price

$28.77$28.79$31.03

◇ = Current price | | Bear | Base | Bull

Method Breakdown

Method	Est. Value	vs Price	Weight
DCF (Discounted Cash Flow)	$28.79	-7.3%	High (40%)
PE Comparable	$28.75	-7.4%	Medium (25%)
Graham Number	$33.28	7.1%	High (80%)

Interpretation

Based on 3 out of 8 methods, FXNC appears overvalued at the current price of $31.06. The base case fair value of $28.79 implies 7.3% 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.