Stock fact sheet · data as of
Brighthouse Financial, Inc. (BHFAM): fair value, margin of safety and Wheel Score
Ticker symbol BHFAM · Financial Services · Insurance - Life · United States · Depositary preferred shares · Value
BHFAM is not Brighthouse Financial, Inc.'s common stock: it is a depositary share of its preferred stock - each one a fraction of a single preferred share. Preferred shares pay a set dividend and rank ahead of the common stock if the company fails, but usually carry no vote and do not share in the company's growth the same way. The valuation models on this page are built for common stock and say little about a preferred share. The common stock trades as BHF (common stock).
Is BHFAM undervalued?
BHFAM has a margin of safety of 92%: the stock closed at 9.37 on 5 Nov 2026 against a GLS average fair value of 118.40. 5 of the 6 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 6 models disagree widely: GLS Growth gives 0.9625 while DCF gives 411.10. 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, BHFAM is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 95, growth score 45, out of 100).
Nine valuation models for BHFAM
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 | 411.10 | +4287% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 191.68 | +1946% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 56.17 | +499% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 15.22 | +62% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 0.9625 | -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 | 35.30 | +277% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -461.96 | -5030% | 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
Financial health is average - BHFAM passes 5 of the nine Piotroski tests, which falls one point short of 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 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 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 | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 29: No options
BHFAM has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (29 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 31k shares a day on a market cap of $2.5B, with a beta of 0.95; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 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 5/9 (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 | Fails | no implied volatility |
| 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 | 92% below fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | moat 2.2/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.95, $2.5B 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 11 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 |
|---|---|---|---|---|---|
| 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 |
| BHF Brighthouse Financial, Inc. | 42.45 | 181.74 | +77% | 39Weak | $2.4B |
| FG F&G Annuities & Life, Inc. | 22.11 | 186.91 | +88% | 41Weak | $2.9B |
| BHFAP Brighthouse Financial, Inc. | 12.54 | 124.47 | +90% | 29No options | $2.1B |
| 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 |
| PRS Prudential Financial, Inc. 5.62 | 19.78 | 150.21 | +87% | 36No options | $6.8B |
| ABX Abacus Global Management, Inc. | 9.05 | 33.54 | +73% | 43Weak | $885M |
⚖ Compare BHFAM with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about BHFAM
Is BHFAM the same as Brighthouse Financial, Inc. stock?
No. BHFAM is not Brighthouse Financial, Inc.'s common stock: it is a depositary share of its preferred stock - each one a fraction of a single preferred share. Preferred shares pay a set dividend and rank ahead of the common stock if the company fails, but usually carry no vote and do not share in the company's growth the same way. The valuation models on this page are built for common stock and say little about a preferred share. The common stock trades as BHF (common stock).
Is BHFAM undervalued right now?
By the GLS models, yes: at 9.37 the stock is 92% below the average fair value of 118.40 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of BHFAM and what does it mean?
BHFAM has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for BHFAM?
118.40 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 11 Nov 2026 (after the close), 6 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does BHFAM have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on BHFAM, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.