COMP <GO>

OVLY vs QNBC // FORWARD P/E MULTIPLE

Oak Valley Bancorp (CA) (NASDAQ) VS. QNB Corp. (NASDAQ) • 15-METRIC TALLY: OVLY 4 — QNBC 3

▲ FORWARD P/E MULTIPLE LEADER: OVLY

LAST: $34.48 (+0.76%) • MKT CAP: $290.1M

forward-pe

8.7x

LAST: $47.14 (-0.32%) • MKT CAP: $293.1M

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19.3x

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (OVLY VS. QNBC) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	OVLY	QNBC	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	14.80%	10.90%	+3.90	OVLY	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	8.47%	5.67%	+2.80	OVLY	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	—	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	1.73%	1.71%	+0.02	OVLY	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	4/9	5/9	-1.00	QNBC	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	55.0	72.2	-17.26	QNBC	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple ACTIVE	8.7x	19.3x	-10.60	OVLY	/forward-pe <GO>
Enterprise Scale & Market Cap	$290.1M	$293.1M	-$3.1M	QNBC	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	OVLY REV	QNBC REV	OVLY GROSS %	QNBC GROSS %	OVLY FCF	QNBC FCF
FY 2025	$0	$0	—	—	$24.6M	$16.6M
FY 2024	$0	$0	—	—	$23.9M	$16.2M
FY 2023	$0	$0	—	—	$33.1M	$14.5M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

OVLY // BETA —

QNBC // BETA —