Stock fact sheet · data as of
Bill.com Holdings, Inc. (BILL): fair value, margin of safety and Wheel Score
Technology · Software - Application · United States · Speculative / Distressed
Is BILL undervalued?
BILL has a margin of safety of 44%: the stock closed at 46.92 on 16 Oct 2026 against a GLS average fair value of 83.90. 2 of the 2 valuation models that produced a number sit above the price. Our screens 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 average is built from just 2 models (DCF, 10 Cap) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files BILL under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for BILL
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 | 89.76 | +91% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 78.04 | +66% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| 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 | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 8.77 | -81% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 56.56 | +21% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Bill.com Holdings, Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability BILL scores 5.2/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are thin or negative - ROIC -0.2%, ROE -0.3%, ROA -0.1% - with debt at 0.54 times equity and a free-cash-flow yield of 12.0%.
Bill.com Holdings, 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 Subscription And Transaction Fees 92%, Interest On Funds Held For Customers 8% (quarter Q4 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | -0.2% |
|---|---|---|---|
| GLS Moat | 5.2 / 10 | ROE | -0.3% |
| Debt / equity | 0.54 | ROA | -0.1% |
| Free-cash-flow yield | 12.0% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 45: Weak
With a Wheel Score of 45 Bill.com Holdings, Inc. sits in the Weak band, capped at 45 because the engine files it as Speculative / Distressed. The parts - Value 25/25, Health 11/20, Moat 8/15, Premium 18/20, Stability 18/20 - show where: Moat (8/15) scores lowest.
Implied volatility is 67% 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 (18 of 20) because volatility this high usually comes with a reason. The option chain is deep: 52,898 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 1.7M shares a day on a market cap of $4.0B, with a beta of 1.14; the Stability part of the Wheel Score gives that 18 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 44% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 8 / 15 | moat 5.2/10 | |
| Premium | 18 / 20 | implied volatility 67% | |
| Stability | 18 / 20 | 1.7M shares/day, $4.0B 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
The next earnings report is due on 5 Nov 2026 (after the close), 20 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Application
The 12 companies below are the closest to Bill.com Holdings, Inc. by market cap within the Software - Application 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 |
|---|---|---|---|---|---|
| FSLY Fastly, Inc. | 25.07 | 16.03 | -56% | 40Weak | $4.0B |
| MNDY monday.com Ltd. | 94.30 | 124.48 | +24% | 76Good | $4.0B |
| WK Workiva Inc. | 72.64 | 43.15 | -68% | 58Fair | $4.0B |
| FRSH Freshworks Inc. | 14.25 | 20.61 | +31% | 84Prime | $3.7B |
| QTWO Q2 Holdings, Inc. | 59.43 | 63.38 | +6% | 73Good | $3.7B |
| IPEU IPE Universal Inc. | 14.00 | 0.1720 | -8040% | 21No options | $3.6B |
| CCC CCC Intelligent Solutions Holdings Inc. | 7.63 | 3.28 | -133% | 63Fair | $4.5B |
| YOU Clear Secure, Inc. | 44.31 | 61.36 | +28% | 86Prime | $4.6B |
| BRZE Braze, Inc. | 30.38 | 15.98 | -90% | 45Weak | $3.5B |
| SRAD Sportradar Group AG | 11.63 | 6.85 | -70% | 59Fair | $3.4B |
| LIF Life360, Inc. | 42.14 | 29.57 | -42% | 47Weak | $3.4B |
| NATL NCR Atleos Corporation | 46.06 | 53.88 | +15% | 69Good | $3.4B |
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Start free See the Sunday ScanQuestions about BILL
Is BILL undervalued right now?
By the GLS models, yes: at 46.92 the stock is 44% below the average fair value of 83.90 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of BILL and what does it mean?
BILL scores 45 out of 100 (Weak). 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 BILL?
83.90 per share as of 16 Oct 2026 - the simple average of the 2 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 Bill.com Holdings, Inc. report earnings next?
The next earnings report is due on 5 Nov 2026 (after the close), 20 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does BILL have listed options, and how liquid are they?
Yes. The nightly snapshot found 800 listed contracts with 52,898 open interest across all expiries and implied volatility of 67% 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.