Is ACNB or ALRS more undervalued in 2026?

CirclFi compares ACNB Corporation (ACNB) and Alerus Financial Corporation (ALRS) using 13 institutional-grade valuation models. ACNB has a Quality of Company score of 8.7/10 while ALRS scores 7.0/10.

Which is a better buy — ACNB or ALRS?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do ACNB and ALRS valuations compare?

ACNB at $54.29 and ALRS at $28.58 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

ACNB vs ALRS Valuation Comparison 2026 — Intrinsic Value Analysis

ACNB

Banks - Regional

ACNB Corporation

Quality

8.7

out of 10

Value Trap

SAFE

Price

$54.29

Last close

Models

12/13

Active

ALRS

Banks - Regional

Alerus Financial Corporation

Quality

7.0

out of 10

Value Trap

SAFE

Price

$28.58

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	ACNB Fair Value	ACNB Upside	ALRS Fair Value	ALRS Upside
Bayesian DCF	Intrinsic	$67.70	+24.7%	$17.82	-37.6%
Earnings Power Value	Intrinsic	$28.28	-47.9%	$22.77	-20.3%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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ACNB vs ALRS — Which Stock Is More Undervalued?

ACNB scores higher with a 8.7/10 quality rating vs ALRS's 7.0/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing ACNB Corporation (ACNB) and Alerus Financial Corporation (ALRS) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

ACNB currently trades at $54.29 with a QOC of 8.7/10, while ALRS trades at $28.58 with a QOC of 7.0/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).