Stock fact sheet · data as of
Capitol Federal Financial, Inc. (CFFN): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · High Yield Income
Is CFFN undervalued?
At 8.24 (close of 16 Oct 2026), CFFN trades within a few percent of the GLS average fair value of 8.90 (7.4% below fair value). 8 models produced a value and they split 4 above the price to 4 below. A stock priced at fair value earns about half of the Wheel Score's Value points; the rest of the score comes from health, moat, premium and stability.
There is a wide gap between GLS Growth (0.3210) and Graham Growth (16.48). 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 CFFN under High Yield Income: a dividend yield above 4%.
Nine valuation models for CFFN
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 | 11.13 | +35% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 16.48 | +100% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 5.59 | -32% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 0.3210 | -96% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 15.03 | +82% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 9.61 | +17% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 5.59 | -32% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 7.42 | -10% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -61.70 | -849% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 9.75 | +18% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Capitol Federal Financial, Inc. scores 8 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 3.4/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 2.3%, ROE 6.5%, ROA 0.7% - with debt at 1.86 times equity and a free-cash-flow yield of 7.0%.
The dividend yield is high at 4.61% (payout ratio 59%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Deposit Account 78%, Insurance Services 22% (quarter Q3 FY2026).
Institutional ownership scores 10/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 23 Sep 2026.
| Piotroski F-score | 8 / 9 | ROIC | 2.3% |
|---|---|---|---|
| GLS Moat | 3.4 / 10 | ROE | 6.5% |
| Debt / equity | 1.86 | ROA | 0.7% |
| Free-cash-flow yield | 7.0% | Payout ratio | 59% |
| Institutions | 10 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 73: Good
With a Wheel Score of 73 - the Good band - Capitol Federal Financial, Inc. clears the Sunday Scan's "70 or higher" rule. The parts: Value 16/25, Health 18/20, Moat 5/15, Premium 20/20, Stability 14/20; Moat (5/15) scores lowest.
Implied volatility is 55% 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 thin - 119 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 1.0M shares a day on a market cap of $1.0B, with a beta of 0.68 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 14 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 16 / 25 | 7% margin of safety | |
| Health | 18 / 20 | Piotroski 8/9 | |
| Moat | 5 / 15 | moat 3.4/10 | |
| Premium | 20 / 20 | implied volatility 55% | |
| Stability | 14 / 20 | 1.0M shares/day, $1.0B cap, beta 0.68 |
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
Capitol Federal Financial, Inc. reports earnings on 28 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 Capitol Federal 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 |
|---|---|---|---|---|---|
| BFST Business First Bancshares, Inc. | 31.13 | 39.14 | +20% | 73Good | $1.0B |
| WTBFA W.T.B. Financial Corporation | 680.60 | 726.82 | +6% | 39No options | $1.0B |
| MBWM Mercantile Bank Corporation | 58.32 | 64.51 | +10% | 65Good | $1.0B |
| SBNCM Southern BancShares (N.C.), Inc. | 11.82 | 5,263.41 | +100% | 39No options | $1.0B |
| SBNC Southern BancShares (N.C.), Inc. | 13,500.00 | 26,359.95 | +49% | 39No options | $1.0B |
| SBNCN Southern BancShares (N.C.), Inc. PFD CL C | 12.00 | 5,263.69 | +100% | 39No options | $1.0B |
| CCNE CNB Financial Corporation | 33.88 | 40.53 | +16% | 68Good | $1.0B |
| CCNEP CNB Financial Corporation | 24.85 | 36.01 | +31% | 39No options | $1.0B |
| MCBS MetroCity Bankshares, Inc. | 34.77 | 32.11 | -8% | 55Fair | $1.0B |
| FMCB Farmers & Merchants Bancorp | 1,435.00 | 2,561.57 | +44% | 39No options | $993M |
| HBNC Horizon Bancorp, Inc. | 19.33 | 14.53 | -33% | 45Weak | $992M |
| FSBC Five Star Bancorp | 43.13 | 58.97 | +27% | 74Good | $1.1B |
⚖ Compare CFFN with 7 of them All Financial Services stocks →
Screen the whole market the same way
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 CFFN
Is CFFN undervalued right now?
Not meaningfully: at 8.24 the stock trades within a few percent of the GLS average fair value of 8.90 (7.4% below fair value, data as of 16 Oct 2026).
What is the Wheel Score of CFFN and what does it mean?
CFFN scores 73 out of 100 (Good). 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 CFFN?
8.90 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 Capitol Federal Financial, Inc. report earnings next?
The next earnings report is due on 28 Oct 2026 (before the open), 12 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does CFFN have listed options, and how liquid are they?
Yes. The nightly snapshot found 68 listed contracts with 119 open interest across all expiries and implied volatility of 55% 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.