Stock fact sheet · data as of
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA): fair value, margin of safety and Wheel Score
Ticker symbol BBVA · Financial Services · Banks - Diversified · Spain · ADR · Value Income
BBVA is an American depositary share (ADR): the US listing of Banco Bilbao Vizcaya Argentaria, S.A., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.
Is BBVA undervalued?
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) closed at 25.47 on 5 Nov 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 52.66, which puts the price 52% below it. 6 of the 9 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 GLS Growth (12.57) and 10 Cap (137.73). 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, BBVA is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 64, growth score 35, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for BBVA
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 | 29.44 | +16% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 25.08 | -2% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 77.14 | +203% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 29.28 | +15% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 12.57 | -51% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 137.73 | +441% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 118.78 | +366% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 17.37 | -32% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 26.58 | +4% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -106.34 | -518% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Banco Bilbao Vizcaya Argentaria, S.A. scores only 4 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 4.6/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are moderate - ROIC 7.6%, ROE 18.3%, ROA 1.2% - with debt at 1.43 times equity and a free-cash-flow yield of 20.8%.
The dividend yield is high at 4.63% (payout ratio 45%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 7.6% |
|---|---|---|---|
| GLS Moat | 4.6 / 10 | ROE | 18.3% |
| Debt / equity | 1.43 | ROA | 1.2% |
| Free-cash-flow yield | 20.8% | Payout ratio | 45% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 49: Weak
With a Wheel Score of 49 Banco Bilbao Vizcaya Argentaria, S.A. sits in the Weak band. It fails filter 4, financially healthy - Piotroski 4/9 (under 6); Option trading (weak) is its weakest part.
Implied volatility is 54% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 2,414 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 1.9M shares a day on a market cap of $140.8B, with a beta of 0.87; the Stability part of the Wheel Score rates that strong.
| 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 | Fails | Piotroski 4/9 (under 6) |
| 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 | 52% below fair value | |
| Premium | Strong | implied volatility 54% | |
| Moat | Fair | moat 4.6/10 | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Strong | Red Flags score 90/100 | |
| Option trading | Weak | 167 contracts a day, 2,414 open interest | |
| Stability | Strong | beta 0.87, $140.8B 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
No upcoming earnings date is recorded for BBVA in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Diversified
The 12 companies below are the closest to Banco Bilbao Vizcaya Argentaria, S.A. by market cap within the Banks - Diversified 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 |
|---|---|---|---|---|---|
| UBS UBS Group AG | 50.67 | 77.43 | +35% | 80Good | $155.1B |
| BMO Bank of Montreal | 177.47 | 317.92 | +44% | 81Good | $123.4B |
| BNS The Bank of Nova Scotia | 96.43 | 136.01 | +29% | 47Weak | $117.5B |
| SAN Banco Santander, S.A. | 12.07 | 38.86 | +69% | 48Weak | $179.8B |
| CM Canadian Imperial Bank of Commerce | 119.87 | 131.01 | +9% | 71Good | $108.8B |
| SMFG Sumitomo Mitsui Financial Group, Inc. | 24.63 | 71.08 | +65% | 48Weak | $95.4B |
| C Citigroup Inc. | 124.75 | 174.18 | +28% | 52Fair | $209.3B |
| ING ING Groep N.V. | 32.84 | 49.94 | +34% | 43Weak | $93.4B |
| TD The Toronto-Dominion Bank | 128.20 | 133.06 | +4% | 70Good | $216.6B |
| MUFG Mitsubishi UFJ Financial Group, Inc. | 21.97 | 30.73 | +29% | 87Prime | $248.2B |
| BCS Barclays PLC | 23.70 | 130.70 | +82% | 80Good | $79.8B |
| WFC Wells Fargo & Company | 87.43 | 158.36 | +45% | 84Good | $262.5B |
⚖ Compare BBVA with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about BBVA
Is BBVA undervalued right now?
By the GLS models, yes: at 25.47 the stock is 52% below the average fair value of 52.66 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of BBVA and what does it mean?
BBVA scores 49 out of 100 (Weak) - it fails Wheel Trade Filter 4. 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 BBVA?
52.66 per share as of 5 Nov 2026 - the simple average of the 9 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 Banco Bilbao Vizcaya Argentaria, S.A. report earnings next?
No upcoming earnings date is recorded for BBVA in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does BBVA have listed options, and how liquid are they?
Yes. The nightly snapshot found 36 listed contracts with 2,414 open interest across all expiries and implied volatility of 54% 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.
Is BBVA an ADR?
Yes. BBVA is an American depositary share (ADR): the US listing of Banco Bilbao Vizcaya Argentaria, S.A., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.