Stock fact sheet · data as of
Alignment Healthcare, Inc. (ALHC): fair value, margin of safety and Wheel Score
Healthcare · Medical - Healthcare Plans · United States · High Growth
Is ALHC undervalued?
Alignment Healthcare, Inc. (ALHC) closed at 8.15 on 16 Oct 2026. The GLS average fair value - the simple average of the 7 valuation models that produced a positive number - is 10.28, so the price sits 21% below it. 4 of the 7 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.
The 7 models disagree widely: EPV gives 2.18 while 10 Cap gives 19.82. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files ALHC under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for ALHC
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 2.38 | -71% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 11.22 | +38% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 4.90 | -40% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 12.01 | +47% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 19.82 | +143% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 19.42 | +138% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 2.18 | -73% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.3137 | -96% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 11.80 | +45% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - ALHC passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 2.4 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC -0.1%, ROE -0.4%, ROA -0.1% - with debt at 1.84 times equity and a free-cash-flow yield of 12.2%.
Alignment Healthcare, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Reportable 100% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | -0.1% |
|---|---|---|---|
| GLS Moat | 2.4 / 10 | ROE | -0.4% |
| Debt / equity | 1.84 | ROA | -0.1% |
| Free-cash-flow yield | 12.2% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 70: Good
ALHC scores 70 out of 100 on the Wheel Score (Good band, 65-79). The score blends the margin of safety (Value, 21/25), Piotroski health (13/20), the GLS moat (4/15), the option premium on offer (15/20) and how easily the stock trades (17/20). Moat (4/15) is the part holding the score back.
Implied volatility is 79% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (15 of 20) because volatility this high usually comes with a reason. The option chain is deep: 102,896 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 9.0M shares a day on a market cap of $1.7B, with a beta of 1.14; the Stability part of the Wheel Score gives that 17 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 21 / 25 | 21% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 4 / 15 | moat 2.4/10 | |
| Premium | 15 / 20 | implied volatility 79% | |
| Stability | 17 / 20 | 9.0M shares/day, $1.7B cap, beta 1.14 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Alignment Healthcare, Inc. reports earnings on 29 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Medical - Healthcare Plans
The 12 companies below are the closest to Alignment Healthcare, Inc. by market cap within the Medical - Healthcare Plans industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| PGNY Progyny, Inc. | 27.84 | 39.08 | +29% | 83Prime | $2.1B |
| CLOV Clover Health Investments, Corp. | 4.68 | 2.86 | -63% | 40Weak | $2.5B |
| OSCR Oscar Health, Inc. | 33.47 | 100.82 | +67% | 75Good | $8.7B |
| MOH Molina Healthcare, Inc. | 212.50 | 398.47 | +47% | 45Weak | $11.1B |
| MRAI Marpai, Inc. | 3.19 | - | - | 20No options | $86M |
| CNC Centene Corp. | 70.51 | 237.84 | +70% | 45Weak | $34.8B |
| HUM Humana Inc. | 432.20 | 240.89 | -79% | 59Fair | $51.9B |
| CI Cigna Corporation | 298.81 | 611.26 | +51% | 90Prime | $79.0B |
| ELV Elevance Health Inc. | 428.43 | 452.33 | +5% | 81Prime | $92.9B |
| CVS CVS Health Corp. | 92.58 | 112.66 | +18% | 80Prime | $118.4B |
| PFHO Pacific Health Care Organization, Inc. | 0.9400 | 2.03 | +54% | 39No options | $12M |
| UNH UnitedHealth Group Incorporated | 395.62 | 308.02 | -28% | 64Fair | $355.1B |
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Start free See the Sunday ScanQuestions about ALHC
Is ALHC undervalued right now?
By the GLS models, moderately: at 8.15 the stock trades 21% below the average fair value of 10.28 (data as of 16 Oct 2026).
What is the Wheel Score of ALHC and what does it mean?
ALHC scores 70 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for ALHC?
10.28 per share as of 16 Oct 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Alignment Healthcare, Inc. report earnings next?
The next earnings report is due on 29 Oct 2026 (after the close), 13 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does ALHC have listed options, and how liquid are they?
Yes. The nightly snapshot found 202 listed contracts with 102,896 open interest across all expiries and implied volatility of 79% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.