What is The PNC Financial Services Group, Inc. (PNC) DCF Fair Value and Intrinsic Value in 2026?

The PNC Financial Services Group, Inc. (PNC) intrinsic value is calculated using conservative multi-stage Discounted Cash Flow (DCF) models, 5-year free cash flow trajectories, Graham Numbers, and owner earnings multiples. LocalAlpha tracks real-time margin of safety against live market prices.

What is The PNC Financial Services Group, Inc.'s historical Return on Invested Capital (ROIC) and Moat Rating?

The PNC Financial Services Group, Inc. operates in the Financials sector (Banks - Regional) with an economic moat rating of NARROW. LocalAlpha tracks 5-year audited quarterly ROIC, operating margin stability, and balance sheet solvency ratios.

What is The PNC Financial Services Group, Inc.'s financial health rating and Piotroski F-Score?

The PNC Financial Services Group, Inc.'s balance sheet quality is evaluated using the 9-point Piotroski F-Score, Altman Z-Score solvency model, debt-to-equity ratio, and quick/current liquidity coverage to guard against financial distress.

How does LocalAlpha monitor The PNC Financial Services Group, Inc. (PNC) for quarterly SEC filing thesis breaks?

LocalAlpha audits The PNC Financial Services Group, Inc.'s 10-K, 10-Q, and 8-K regulatory filings on SEC EDGAR within 15 minutes of release. If reported metrics breach an investor's custom ROIC floor, operating margin boundary, or qualitative risk criteria, an autonomous breach audit is dispatched immediately.

StocksPNC

PNC

PNC Financial Services Group, IFinancial Services / Banks - RegionalINTACT

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The Retail Banking segment offers checking, savings, and money market accounts, and time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. This segment serves consumer and small business customers through a network of branches, digital channels, ATMs, and through phone-based customer contact centers. The Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; cash and investment management, receivables and disbursement management, funds transfer, international payment, and access to online/mobile information management and reporting services; asset-backed financing, securities underwriting, loan syndications, mergers and acquisitions and equity capital markets advisory, and customer related services; and commercial loan servicing and technology solutions. It serves mid-sized and large corporations, and government and not-for-profit entities. The Asset Management Group segment offers investment and retirement planning, customized investment management, credit and cash management solutions, and trust management and administration services for high net worth and ultra high net worth individuals, and their families; and multi-generational family planning services. It also offers outsourced chief investment officer, custody, cash and fixed income client solutions, and retirement plan fiduciary investment services for institutional clients. The company was founded in 1865 and is headquartered in Pittsburgh, Pennsylvania.

Share Price

$244.28

52W: $176.88 - $258.96

DCF Fair Value

$363.94

+32.9% MoS

Thesis Hub

P/E (TTM)

13.5x

ROIC

29%

Operating Margin

38.7%

FCF Yield

7.1%

Debt / Equity

0.65x

Piotroski Score

7/9

Altman Z-Score

2.04

Market Cap

$97.5B

Price vs. Intrinsic Value Corridor

Margin of Safety Buy Zone (<25% Discount)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)

—()

Period Range

$— - $—

DCF Fair Value

$363.94

MOS Buy Target (-25%)

$272.96

Valuation Overlays: DCF Fair Value ($363.94) 25% MOS Buy Target ($272.96) Revised Graham ($623.91) Graham Number ($243.77)

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price

$244.28

DCF Fair Value

$363.90

+32.9% MoS

Starting Free Cash Flow ($M)$6,879M

$100M$6,879M (Reported)$50,000M

Stage 1 Growth (Years 1-5)18.0%

-5%10% (Target)35%

Stage 2 Growth (Years 6-10)4.5%

0%5%20%

Discount Rate (WACC / Hurdle)9.0%

6%9% (Standard)15% (High Risk)

Terminal Perpetual Growth2.5%

1% (GDP Floor)2.5% (Inflation)4.0%

Net Debt ($M)$74,500M

-$100B CashBalance Sheet+$150B Debt

10-Yr PV of Cash Flows

$89.1B

PV of Terminal Value

$130.6B

Implied Enterprise Value

$219.7B

Implied Equity Value

$145.2B

Year	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yr 6	Yr 7	Yr 8	Yr 9	Yr 10
Projected FCF ($M)	$8,117	$9,578	$11,302	$13,337	$15,737	$16,446	$17,186	$17,959	$18,767	$19,612
Present Value (PV)	$7,447	$8,062	$8,728	$9,448	$10,228	$9,806	$9,401	$9,013	$8,641	$8,284

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-0.2% Premium

$243.77

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $18.15BVPS: $145.51

Revised Graham Formula+60.8% MoS

$623.91

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Growth Rate (g%)

Bond Yield (Y%)

Buffett Owner Earnings6.7% Yield

$16.38 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $6.5BYield: 6.7%

Reverse DCF: Market Growth Expectation

EXTREMELY LOW BARRIER

1.1% CAGR (Next 10 Yrs)

At the current price of $244.28, the market is assuming the business will compound Free Cash Flow at 1.1% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict

✓ Low market hurdle: Easy for a wide-moat compounder to beat.

Autonomous Thesis Underwriting

Surveil PNC with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for PNC Financial Services Group, I. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 38.7% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

Track PNC & Set Alerts Browse S&P 500 Coverage

Frequently Asked Questions: PNC Financial Services Group, I (PNC) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for PNC Financial Services Group, I.

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, PNC Financial Services Group, I has an estimated DCF intrinsic fair value of $363.94 per share compared to its current market price of $244.28. This represents an estimated 32.9% margin of safety (trading below fair value). Additionally, its classic Benjamin Graham Number stands at $243.77.