Stock fact sheet · data as of
CVB Financial Corp. (CVBF): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Defensive
Is CVBF undervalued?
At 21.83 (close of 16 Oct 2026), CVBF trades 41% below the GLS average fair value of 37.09. That average comes from 9 models run on the latest filings, and 5 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns CVB Financial Corp. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between GLS Growth (5.21) and 10 Cap (94.75). 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 CVBF under Defensive: a low beta, a dividend and positive earnings.
Nine valuation models for CVBF
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 | 19.90 | -9% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 28.26 | +29% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 58.85 | +170% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 23.62 | +8% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 5.21 | -76% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 94.75 | +334% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 74.51 | +241% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 11.77 | -46% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 16.91 | -23% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -74.90 | -443% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 26.67 | +22% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
CVB Financial Corp. 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 CVBF 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 6.4%, ROE 9.1%, ROA 1.3% - with debt at 0.43 times equity and a free-cash-flow yield of 14.9%.
The dividend yield is 3.66% at a payout ratio of 53%; 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 Deposit Account 53%, Fiduciary and Trust 41%, Credit Card 6% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 8/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 9 / 9 | ROIC | 6.4% |
|---|---|---|---|
| GLS Moat | 5.8 / 10 | ROE | 9.1% |
| Debt / equity | 0.43 | ROA | 1.3% |
| Free-cash-flow yield | 14.9% | Payout ratio | 53% |
| Institutions | 10 / 10 | Insiders · Congress | 8 · 5 / 10 |
Wheel Score 91: Prime
With a Wheel Score of 91, CVB Financial Corp. 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 20/20, Stability 17/20. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.
Implied volatility is 35% 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 - 951 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 1.3M shares a day on a market cap of $3.8B, with a beta of 0.67 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 17 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 41% margin of safety | |
| Health | 20 / 20 | Piotroski 9/9 | |
| Moat | 9 / 15 | moat 5.8/10 | |
| Premium | 20 / 20 | implied volatility 35% | |
| Stability | 17 / 20 | 1.3M shares/day, $3.8B cap, beta 0.67 |
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
CVB Financial Corp. reports earnings on 21 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 CVB Financial Corp. 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 |
|---|---|---|---|---|---|
| WSFS WSFS Financial Corporation | 75.23 | 78.48 | +4% | 67Good | $3.9B |
| TCBIO Texas Capital Bancshares, Inc. | 18.28 | 104.96 | +83% | 39No options | $4.0B |
| UCB United Community Banks, Inc. | 33.16 | 44.59 | +26% | 88Prime | $4.0B |
| CATY Cathay General Bancorp | 60.15 | 83.35 | +28% | 85Prime | $4.0B |
| INDB Independent Bank Corp. | 77.08 | 101.88 | +24% | 75Good | $3.7B |
| BANF BancFirst Corporation | 108.15 | 92.03 | -18% | 60Fair | $3.6B |
| BANFP BFC Capital Trust II PFD TR 7.20% | 26.55 | 61.01 | +56% | 39No options | $3.6B |
| ASBA Associated Banc-Corp | 24.96 | 57.59 | +57% | 39No options | $4.1B |
| RNST Renasant Corporation | 38.91 | 46.68 | +17% | 73Good | $3.6B |
| FBP First BanCorp. | 27.19 | 38.50 | +29% | 91Prime | $4.2B |
| BMA Banco Macro S.A. | 65.03 | 93,106.43 | +100% | 76Good | $4.2B |
| SFBS ServisFirst Bancshares, Inc. | 38.07 | 51.20 | +26% | 87Prime | $4.2B |
⚖ Compare CVBF with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about CVBF
Is CVBF undervalued right now?
By the GLS models, yes: at 21.83 the stock is 41% below the average fair value of 37.09 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of CVBF and what does it mean?
CVBF scores 91 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 CVBF?
37.09 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 CVB Financial Corp. report earnings next?
The next earnings report is due on 21 Oct 2026 (after the close), 5 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does CVBF have listed options, and how liquid are they?
Yes. The nightly snapshot found 98 listed contracts with 951 open interest across all expiries and implied volatility of 35% 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.