Is CHMG or CIVB more undervalued in 2026?

CirclFi compares Chemung Financial Corp (CHMG) and Civista Bancshares, Inc. (CIVB) using 13 institutional-grade valuation models. CHMG has a Quality of Company score of 8.1/10 while CIVB scores 9.1/10.

Which is a better buy — CHMG or CIVB?

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 CHMG and CIVB valuations compare?

CHMG at $69.37 and CIVB at $25.77 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

CHMG vs CIVB Valuation Comparison 2026 — Intrinsic Value Analysis

CHMG

Banks - Regional

Chemung Financial Corp

Quality

8.1

out of 10

Value Trap

LOW

Price

$69.37

Last close

Models

11/13

Active

CIVB

Banks - Regional

Civista Bancshares, Inc.

Quality

9.1

out of 10

Value Trap

—

Price

$25.77

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	CHMG Fair Value	CHMG Upside	CIVB Fair Value	CIVB Upside
Bayesian DCF	Intrinsic	$41.20	-40.6%	$7.08	-72.5%
Earnings Power Value	Intrinsic	$29.03	-58.2%	$18.13	-29.7%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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CHMG vs CIVB — Which Stock Is More Undervalued?

CIVB scores higher with a 9.1/10 quality rating vs CHMG's 8.1/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Chemung Financial Corp (CHMG) and Civista Bancshares, Inc. (CIVB) 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.

CHMG currently trades at $69.37 with a QOC of 8.1/10, while CIVB trades at $25.77 with a QOC of 9.1/10.

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).