Stock fact sheet · data as of
Brighthouse Financial, Inc. (BHF): fair value, margin of safety and Wheel Score
Ticker symbol BHF · Financial Services · Insurance - Life · United States · Value
Is BHF undervalued?
At 42.45 (close of 5 Nov 2026), BHF trades 77% below the GLS average fair value of 181.74. That average comes from 6 models run on the latest filings, and 5 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Brighthouse Financial, Inc. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The 6 models disagree widely: GLS Growth gives 4.36 while DCF gives 411.05. 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.
Ranked against every other company we cover, BHF is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 93, growth score 45, out of 100).
Nine valuation models for BHF
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 | 411.05 | +868% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 191.68 | +352% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 254.47 | +499% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 68.96 | +62% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 4.36 | -90% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 159.93 | +277% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -2,138.84 | -5138% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 57.44 | +35% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - BHF passes 6 of the nine Piotroski tests, which passes the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 2.2 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are thin or negative - ROIC 4.4%, ROE 6.4%, ROA 0.2% - with debt at 0.47 times equity and negative free cash flow.
Brighthouse 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 Investment Product 67%, Life Insurance Product Line 32%, Accident and Health Insurance Product L… 1% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 4.4% |
|---|---|---|---|
| GLS Moat | 2.2 / 10 | ROE | 6.4% |
| Debt / equity | 0.47 | ROA | 0.2% |
| Free-cash-flow yield | -36.8% | Payout ratio | 12% |
| Institutions | 10 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: Weak
BHF scores 39 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 7, a premium worth selling - implied volatility 86% (over 80%), and the parts are thin too - value strong, premium fair, moat weak, health good, red flags fair, option trading fair, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 86%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is 20,567 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 584k shares a day on a market cap of $2.4B, with a beta of 0.82; 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 | Fails | implied volatility 86% (over 80%) |
| 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 | 77% below fair value | |
| Premium | Fair | implied volatility 86% | |
| Moat | Weak | moat 2.2/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Fair | Red Flags score 70/100 | |
| Option trading | Fair | 594 contracts a day, 20,567 open interest | |
| Stability | Fair | beta 0.82, $2.4B 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
Brighthouse Financial, Inc. reports earnings on 5 Nov 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 Insurance - Life
The 12 companies below are the closest to Brighthouse Financial, Inc. by market cap within the Insurance - Life 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 |
|---|---|---|---|---|---|
| BHFAM Brighthouse Financial, Inc. | 9.37 | 118.40 | +92% | 29No options | $2.5B |
| BHFAN Brighthouse Financial, Inc. | 10.54 | 120.64 | +91% | 29No options | $2.5B |
| BHFAO Brighthouse Financial, Inc. | 12.89 | 125.14 | +90% | 29No options | $2.5B |
| BHFAL Brighthouse Financial, Inc. | 15.00 | 120.27 | +88% | 29No options | $2.5B |
| BHFAP Brighthouse Financial, Inc. | 12.54 | 124.47 | +90% | 29No options | $2.1B |
| FG F&G Annuities & Life, Inc. | 22.11 | 186.91 | +88% | 41Weak | $2.9B |
| FGN F&G Annuities & Life, Inc. | 22.80 | 173.87 | +87% | 30No options | $4.1B |
| ATHS Athene Holding Ltd. 7.250% Fixe | 23.28 | 118.56 | +80% | 27No options | $4.5B |
| CNO CNO Financial Group, Inc. | 57.73 | 87.53 | +34% | 46Weak | $5.3B |
| MHNC Maiden Holdings North America, Ltd. | 10.95 | 28.51 | +62% | 28No options | $1.1B |
| ABX Abacus Global Management, Inc. | 9.05 | 33.54 | +73% | 43Weak | $885M |
| PRS Prudential Financial, Inc. 5.62 | 19.78 | 150.21 | +87% | 36No options | $6.8B |
⚖ Compare BHF with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about BHF
Is BHF undervalued right now?
By the GLS models, yes: at 42.45 the stock is 77% below the average fair value of 181.74 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of BHF and what does it mean?
BHF scores 39 out of 100 (Weak) - it fails Wheel Trade Filter 7. 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 BHF?
181.74 per share as of 5 Nov 2026 - the simple average of the 6 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 Brighthouse Financial, Inc. report earnings next?
The next earnings report is due on 5 Nov 2026 (after the close), 0 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does BHF have listed options, and how liquid are they?
Yes. The nightly snapshot found 60 listed contracts with 20,567 open interest across all expiries and implied volatility of 86% 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.