Stock fact sheet · data as of
Popular, Inc. (BPOP): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · Puerto Rico · Defensive
Is BPOP undervalued?
Popular, Inc. (BPOP) closed at 157.37 on 16 Oct 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 223.61, so the price sits 30% below it. 7 of the 9 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.
There is a wide gap between DDM (46.35) and Graham Growth (499.75). 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.
The nightly engine files BPOP under Defensive: a low beta, a dividend and positive earnings.
Nine valuation models for BPOP
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 | 159.27 | +1% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 185.40 | +18% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 499.75 | +218% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 191.08 | +21% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 141.16 | -10% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 325.31 | +107% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 295.63 | +88% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 46.35 | -71% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 168.56 | +7% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -680.33 | -532% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 186.86 | +19% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Popular, Inc. scores 9 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 Sunday Scan's "6 or more" rule with room to spare. On durability BPOP scores 5.8/10 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 moderate - ROIC 10.6%, ROE 13.3%, ROA 1.1% - with debt at 0.25 times equity and a free-cash-flow yield of 8.0%.
The dividend yield is 2.00% at a payout ratio of 20%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Banco Popular De Puerto Rico 84%, Popular Bank 16% (quarter Q1 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 9 / 9 | ROIC | 10.6% |
|---|---|---|---|
| GLS Moat | 5.8 / 10 | ROE | 13.3% |
| Debt / equity | 0.25 | ROA | 1.1% |
| Free-cash-flow yield | 8.0% | Payout ratio | 20% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 86: Prime
With a Wheel Score of 86, Popular, Inc. sits in the Prime band - price, quality and premium all line up for the wheel strategy. The parts: Value 25/25, Health 20/20, Moat 9/15, Premium 17/20, Stability 16/20. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.
Implied volatility is 32% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (17 of 20 points). Chain open interest is 2,255 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 493k shares a day on a market cap of $10.0B, with a beta of 0.65 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 16 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 30% margin of safety | |
| Health | 20 / 20 | Piotroski 9/9 | |
| Moat | 9 / 15 | moat 5.8/10 | |
| Premium | 17 / 20 | implied volatility 32% | |
| Stability | 16 / 20 | 493k shares/day, $10.0B cap, beta 0.65 |
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
Popular, Inc. reports earnings on 22 Oct 2026 (before the open) - 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 Banks - Regional
The 12 companies below are the closest to Popular, 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 |
|---|---|---|---|---|---|
| BPOPM Popular Capital Trust II PFD GTD 6.125% | 25.31 | 100.12 | +75% | 39No options | $10.0B |
| UMBF UMB Financial Corporation | 128.86 | 198.60 | +35% | 86Prime | $9.8B |
| SSB SouthState Bank Corp. | 99.17 | 165.40 | +40% | 76Good | $9.6B |
| CFR Cullen/Frost Bankers, Inc. | 154.11 | 148.21 | -4% | 62Fair | $9.6B |
| ONB Old National Bancorp | 25.00 | 43.30 | +42% | 89Prime | $9.6B |
| ONBPP Old National Bancorp | 24.88 | 43.23 | +42% | 39No options | $9.6B |
| ONBPO Old National Bancorp | 24.86 | 43.22 | +42% | 39No options | $9.6B |
| WTFC Wintrust Financial Corporation | 141.02 | 241.84 | +42% | 81Prime | $9.5B |
| FHN First Horizon Corporation | 22.86 | 27.51 | +17% | 77Good | $10.8B |
| ZION Zions Bancorporation, National Association | 61.78 | 119.09 | +48% | 90Prime | $9.0B |
| ZIONP Zions Bancorporation, National Association | 16.99 | 75.18 | +77% | 39No options | $9.0B |
| COLB Columbia Banking System, Inc. | 28.63 | 48.03 | +40% | 84Prime | $8.3B |
⚖ Compare BPOP with 7 of them All Financial Services stocks →
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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 same eight-rule screen, 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 BPOP
Is BPOP undervalued right now?
By the GLS models, moderately: at 157.37 the stock trades 30% below the average fair value of 223.61 (data as of 16 Oct 2026).
What is the Wheel Score of BPOP and what does it mean?
BPOP scores 86 out of 100 (Prime). 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 BPOP?
223.61 per share as of 16 Oct 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 Popular, Inc. report earnings next?
The next earnings report is due on 22 Oct 2026 (before the open), 6 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does BPOP have listed options, and how liquid are they?
Yes. The nightly snapshot found 366 listed contracts with 2,255 open interest across all expiries and implied volatility of 32% 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.