Stock fact sheet · data as of
Pathward Financial, Inc. (CASH): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Quality / Blue-Chip
Is CASH undervalued?
Pathward Financial, Inc. (CASH) closed at 72.12 on 16 Oct 2026. The GLS average fair value - the simple average of the 8 valuation models that produced a positive number - is 296.28, which puts the price 76% below it. 7 of the 8 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 DDM (2.94) and Payback Time (759.77). 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 CASH under Quality / Blue-Chip: a high moat score and a high health score together.
Nine valuation models for CASH
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 | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 84.66 | +17% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 290.07 | +302% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 113.86 | +58% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 420.86 | +484% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 607.95 | +743% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 759.77 | +953% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 2.94 | -96% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 90.12 | +25% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -242.31 | -436% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 105.00 | +46% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Pathward Financial, Inc. scores 7 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. A GLS Moat score of 7.5/10 puts CASH among the more durable businesses we track: over ten years the metrics the score watches (revenue, EPS, book value, margins, cash flow, ROIC) have mostly moved the right way, year after year.
Returns on capital are high - ROIC 20.6%, ROE 21.7%, ROA 2.6% - with debt at 0.05 times equity and a free-cash-flow yield of 39.7%.
The dividend yield is 0.28% with a payout ratio of 3% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Payment Card and Deposit Fees 62%, Refund Transfer Fees 20%, Rental Income 17% (quarter Q3 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 20.6% |
|---|---|---|---|
| GLS Moat | 7.5 / 10 | ROE | 21.7% |
| Debt / equity | 0.05 | ROA | 2.6% |
| Free-cash-flow yield | 39.7% | Payout ratio | 3% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 83: Prime
With a Wheel Score of 83, Pathward Financial, Inc. sits in the Prime band - price, quality and premium all line up for the wheel strategy. The parts: Value 25/25, Health 16/20, Moat 11/15, Premium 20/20, Stability 11/20. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.
Implied volatility is 42% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 10,519 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 221k shares a day on a market cap of $1.5B, with a beta of 0.66 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 11 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 76% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 11 / 15 | moat 7.5/10 | |
| Premium | 20 / 20 | implied volatility 42% | |
| Stability | 11 / 20 | 221k shares/day, $1.5B cap, beta 0.66 |
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
Pathward Financial, Inc. reports earnings on 20 Oct 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 Banks - Regional
The 12 companies below are the closest to Pathward Financial, 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 |
|---|---|---|---|---|---|
| CNOBP ConnectOne Bancorp, Inc. | 25.28 | 58.37 | +57% | 39No options | $1.5B |
| CNOB ConnectOne Bancorp, Inc. | 30.43 | 62.04 | +51% | 73Good | $1.5B |
| TFIN Triumph Financial, Inc. | 61.26 | 46.74 | -31% | 49Weak | $1.5B |
| OCFC OceanFirst Financial Corp. | 15.96 | 19.34 | +17% | 74Good | $1.5B |
| ESQ Esquire Financial Holdings, Inc. | 118.95 | 148.10 | +20% | 39No options | $1.4B |
| LKFN Lakeland Financial Corporation | 57.91 | 53.65 | -8% | 67Good | $1.4B |
| BLX Bladex, Inc. | 54.43 | 170.94 | +68% | 74Good | $1.6B |
| RBCAA Republic Bancorp, Inc. | 90.81 | 96.39 | +6% | 69Good | $1.6B |
| QCRH QCR Holdings, Inc. | 97.21 | 328.28 | +70% | 80Prime | $1.6B |
| BHRB Burke & Herbert Financial Services Corp. | 69.75 | 95.74 | +27% | 39No options | $1.4B |
| AMAL Amalgamated Financial Corp. | 47.09 | 76.20 | +38% | 84Prime | $1.4B |
| OBK Origin Bancorp, Inc. | 51.83 | 51.20 | -1% | 65Good | $1.6B |
⚖ Compare CASH with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about CASH
Is CASH undervalued right now?
By the GLS models, yes: at 72.12 the stock is 76% below the average fair value of 296.28 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of CASH and what does it mean?
CASH scores 83 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 CASH?
296.28 per share as of 16 Oct 2026 - the simple average of the 8 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 Pathward Financial, Inc. report earnings next?
The next earnings report is due on 20 Oct 2026 (after the close), 4 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does CASH have listed options, and how liquid are they?
Yes. The nightly snapshot found 170 listed contracts with 10,519 open interest across all expiries and implied volatility of 42% 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.