Stock fact sheet · data as of
Axos Financial, Inc. (AX): fair value, margin of safety and Wheel Score
Ticker symbol AX · Financial Services · Banks - Regional · United States · Blend Quality
Is AX undervalued?
Axos Financial, Inc. (AX) closed at 94.57 on 5 Nov 2026. The GLS average fair value - the simple average of the 8 valuation models that produced a positive number - is 242.39, which puts the price 61% below it. 7 of the 8 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
There is a wide gap between DCF (70.57) and GLS Growth (547.60). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for AX, so the nightly engine files it under Blend (value score 68, growth score 77, out of 100). It also carries the Quality tag (Quality = moat 7.5+ out of 10 and Piotroski 7+).
Nine valuation models for AX
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 | 70.57 | -25% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 107.99 | +14% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 304.62 | +222% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 117.76 | +25% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 547.60 | +479% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 280.64 | +197% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 410.54 | +334% | 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 | 99.39 | +5% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -439.97 | -565% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 124.50 | +32% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Axos Financial, Inc. scores 8 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the "Piotroski 6 or more" Wheel Trade Filter with room to spare. A GLS Moat score of 9.5/10 puts AX among the more durable businesses we track: over up to ten years its returns on capital have stayed high, its margins steady and its balance sheet sound.
Returns on capital are moderate - ROIC 11.6%, ROE 15.5%, ROA 1.6% - with debt at 0.34 times equity and a free-cash-flow yield of 11.0%.
Axos Financial, 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 Advisory Fee Income 53%, Broker Dealer Clearing Fees 35%, Deposit Service Fees 12% (fiscal year FY2026).
Institutional ownership scores 10/10, insider activity 9/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 15 Sep 2026.
| Piotroski F-score | 8 / 9 | ROIC | 11.6% |
|---|---|---|---|
| GLS Moat | 9.5 / 10 | ROE | 15.5% |
| Debt / equity | 0.34 | ROA | 1.6% |
| Free-cash-flow yield | 11.0% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 9 · 5 / 10 |
Wheel Score 83: Good
With a Wheel Score of 83 - the Good band - Axos Financial, Inc. passes all 9 Wheel Trade Filters. How it ranks: value strong, premium good, moat strong, health strong, red flags strong, option trading weak, stability fair. Option trading (weak) is the part keeping it out of the Prime band.
Implied volatility is 29% on the near-the-money contracts 20-60 days out: enough to pass the 25-80% Wheel Trade Filter, but under the 35-60% sweet spot the score rewards most. Chain open interest is 2,157 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 440k shares a day on a market cap of $5.4B, with a beta of 1.31 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 61% below fair value | |
| Premium | Good | implied volatility 29% | |
| Moat | Strong | moat 9.5/10 | |
| Health | Strong | Piotroski 8/9 | |
| Red Flags | Strong | Red Flags score 100/100 | |
| Option trading | Weak | 993 contracts a day, 2,157 open interest | |
| Stability | Fair | beta 1.31, $5.4B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 28 Jan 2027, 84 days away - outside the window of a 30-45-day put sold today.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to Axos Financial, Inc. by market cap within the Banks - Regional 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 |
|---|---|---|---|---|---|
| VLYPP Valley National Bancorp | 24.96 | 30.83 | +19% | 30No options | $5.4B |
| IFS Intercorp Financial Services Inc. | 48.27 | 109.16 | +56% | 38No options | $5.3B |
| EBC Eastern Bankshares, Inc. | 23.31 | 21.99 | -6% | 35Weak | $5.3B |
| OZKAP Bank OZK | 14.53 | 63.66 | +77% | 39No options | $5.4B |
| VLYPO Valley National Bancorp | 24.22 | 30.19 | +20% | 30No options | $5.3B |
| GGAL Grupo Financiero Galicia S.A. | 30.95 | 19.98 | -55% | 37Weak | $5.2B |
| ASB Associated Banc-Corp | 31.35 | 48.31 | +35% | 40Weak | $5.2B |
| FINN First National of Nebraska, Inc. | 19,075.00 | 69,094.50 | +72% | 35No options | $5.2B |
| AVAL Grupo Aval Acciones y Valores S.A. | 4.31 | 10.66 | +60% | 35No options | $5.1B |
| AUB Atlantic Union Bankshares Corporation | 40.17 | 243.94 | +84% | 52Fair | $5.6B |
| ABCB Ameris Bancorp | 84.14 | 76.43 | -10% | 38Weak | $5.6B |
| OZK Bank OZK | 51.79 | 101.90 | +49% | 78Good | $5.7B |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about AX
Is AX undervalued right now?
By the GLS models, yes: at 94.57 the stock is 61% below the average fair value of 242.39 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of AX and what does it mean?
AX scores 83 out of 100 (Good). The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for AX?
242.39 per share as of 5 Nov 2026 - the simple average of the 8 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 Axos Financial, Inc. report earnings next?
The next earnings report is due on 28 Jan 2027, 84 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does AX have listed options, and how liquid are they?
Yes. The nightly snapshot found 108 listed contracts with 2,157 open interest across all expiries and implied volatility of 29% 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.