What is U.S. Bancorp (USB) DCF Fair Value and Intrinsic Value in 2026?

U.S. Bancorp (USB) 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 U.S. Bancorp's historical Return on Invested Capital (ROIC) and Moat Rating?

U.S. Bancorp 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 U.S. Bancorp's financial health rating and Piotroski F-Score?

U.S. Bancorp'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 U.S. Bancorp (USB) for quarterly SEC filing thesis breaks?

LocalAlpha audits U.S. Bancorp'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.

StocksUSB

USB

U.S. BancorpFinancial Services / Banks - RegionalINTACT

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. The company operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments. It offers depository services, including checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products and credit card services, lease financing and import/export trade, agricultural finance, asset-backed lending, and other products. The company also provides cash management, capital markets, and trust and investment management services; and ancillary services comprising capital markets, treasury management, and receivable lock-box collection services to corporate and governmental entity customers. In addition, it offers asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations; and investment and insurance products to its customers principally within its domestic markets, as well as fund administration services to mutual and other funds. Further, the company provides corporate and purchasing card, and corporate trust services; and credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing services. U.S. Bancorp was founded in 1863 and is headquartered in Minneapolis, Minnesota.

Share Price

$62.84

52W: $45.02 - $66.08

DCF Fair Value

$134.41

+53.2% MoS

Thesis Hub

P/E (TTM)

12.4x

ROIC

29.7%

Operating Margin

39.6%

FCF Yield

7.6%

Debt / Equity

0.65x

Piotroski Score

7/9

Altman Z-Score

2.95

Market Cap

$97.9B

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

$134.41

MOS Buy Target (-25%)

$100.81

Valuation Overlays: DCF Fair Value ($134.41) 25% MOS Buy Target ($100.81) Revised Graham ($176.83) Graham Number ($66.49)

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

$62.84

DCF Fair Value

$134.42

+53.3% MoS

Starting Free Cash Flow ($M)$7,475M

$100M$7,475M (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)$29,300M

-$100B CashBalance Sheet+$150B Debt

10-Yr PV of Cash Flows

$96.8B

PV of Terminal Value

$142.0B

Implied Enterprise Value

$238.7B

Implied Equity Value

$209.4B

Year	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yr 6	Yr 7	Yr 8	Yr 9	Yr 10
Projected FCF ($M)	$8,821	$10,408	$12,282	$14,492	$17,101	$17,871	$18,675	$19,515	$20,393	$21,311
Present Value (PV)	$8,092	$8,760	$9,484	$10,267	$11,114	$10,656	$10,216	$9,794	$9,390	$9,002

Benjamin Graham & Buffett Value Models

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

Graham Number+5.5%

$66.49

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: $5.05BVPS: $38.91

Revised Graham Formula+64.5% MoS

$176.83

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 Earnings7.3% Yield

$4.56 / share

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

Total: $7.1BYield: 7.3%

Reverse DCF: Market Growth Expectation

EXTREMELY LOW BARRIER

0.0% CAGR (Next 10 Yrs)

At the current price of $62.84, the market is assuming the business will compound Free Cash Flow at 0.0% 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 USB with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for U.S. Bancorp. 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 39.6% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

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Frequently Asked Questions: U.S. Bancorp (USB) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for U.S. Bancorp.

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, U.S. Bancorp has an estimated DCF intrinsic fair value of $134.41 per share compared to its current market price of $62.84. This represents an estimated 53.2% margin of safety (trading below fair value). Additionally, its classic Benjamin Graham Number stands at $66.49.