Stock fact sheet · data as of
DeFi Development Corp. (DFDV): fair value, margin of safety and Wheel Score
Ticker symbol DFDV · Financial Services · Asset Management · United States · Speculative
Is DFDV undervalued?
DeFi Development Corp. (DFDV) closed at 3.73 on 5 Nov 2026. None of the nine GLS valuation models produced a positive value for the stock - the company lost money over the last twelve months, EPS -7.28, it pays no dividend and its debts exceed what its assets would fetch - so there is no GLS average fair value and no margin of safety to report. The quality, option and event numbers below still apply; the Quote page's Wall Street View shows what analysts expect instead.
The nightly engine files DFDV under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for DFDV
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 | - | - | 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 | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| 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) | -2.64 | -171% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 10.40 | +179% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: DFDV passes 3 of the nine Piotroski tests. Our scans drop the stock at the health filter; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 2.5 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are thin or negative - ROIC -32.5%, ROE -74.3%, ROA -24.0% - with debt at 1.28 times equity and negative free cash flow.
DeFi Development Corp. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 2/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 25 Sep 2026.
| Piotroski F-score | 3 / 9 | ROIC | -32.5% |
|---|---|---|---|
| GLS Moat | 2.5 / 10 | ROE | -74.3% |
| Debt / equity | 1.28 | ROA | -24.0% |
| Free-cash-flow yield | -27.7% | Payout ratio | 0% |
| Institutions | 2 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 12: Weak
DFDV scores 12 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 3, below fair value - trades right at our fair value; and filter 4, financially healthy - Piotroski 3/9 (under 6); and filter 6, no serious red flags - Red Flags score 35 (under 60); and filter 7, a premium worth selling - implied volatility 138% (over 80%); and filter 8, big enough - market cap $122M (under $1.0B); and filter 9, not a penny stock - price 3.73 (under $5), and the parts are thin too - value weak, premium weak, moat weak, health weak, red flags weak, option trading weak, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 138%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is 5,886 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 2.4M shares a day on a market cap of $122M, with a beta of -3.53 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Fails | trades right at our fair value |
| 4 | Financially healthy | Fails | Piotroski 3/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Fails | Red Flags score 35 (under 60) |
| 7 | A premium worth selling | Fails | implied volatility 138% (over 80%) |
| 8 | Big enough | Fails | market cap $122M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 3.73 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 0% below fair value | |
| Premium | Weak | implied volatility 138% | |
| Moat | Weak | moat 2.5/10 | |
| Health | Weak | Piotroski 3/9 | |
| Red Flags | Weak | Red Flags score 35/100 | |
| Option trading | Weak | 1,106 contracts a day, 5,886 open interest | |
| Stability | Fair | beta -3.53, $122M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
DeFi Development Corp. reports earnings on 11 Nov 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.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to DeFi Development Corp. by market cap within the Asset Management 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 |
|---|---|---|---|---|---|
| CEE The Central and Eastern Europe Fund, Inc. | 18.85 | 182.50 | +90% | 26No options | $122M |
| IAF Abrdn Australia Equity Fund Inc | 12.65 | 37.04 | +66% | 25No options | $121M |
| HSDT Solana Company | 2.10 | - | - | 12Weak | $123M |
| JHS John Hancock Income Securities Trust | 10.53 | 21.13 | +50% | 30No options | $123M |
| HYI Western Asset High Yield Defined Opportunity Fund Inc. | 9.77 | 29.94 | +67% | 25No options | $125M |
| BCV Bancroft Fund Ltd. | 21.81 | 167.60 | +87% | 26No options | $127M |
| WEA Western Asset Premier Bond Fund | 9.80 | 22.90 | +57% | 26No options | $116M |
| SPMC Sound Point Meridian Capital Inc | 6.20 | 37.96 | +84% | 27No options | $128M |
| NIM Nuveen Select Maturities Municipal Fund | 9.25 | 11.51 | +20% | 19No options | $115M |
| ACSMX Advisors Capital Small/Mid Cap | 11.85 | 430.87 | +97% | 26No options | $129M |
| PFO Flaherty & Crumrine Preferred Income Opportunity Fund Inc. | 8.67 | 18.41 | +53% | 26No options | $113M |
| MCN XAI Madison Equity Premium Income Fund | 5.40 | 12.97 | +58% | 24No options | $113M |
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Start free See the Sunday ScanQuestions about DFDV
Is DFDV undervalued right now?
The GLS models could not value DFDV (the company lost money over the last twelve months, EPS -7.28, it pays no dividend and its debts exceed what its assets would fetch), so there is no fair value or margin of safety to compare the price of 3.73 against.
What is the Wheel Score of DFDV and what does it mean?
DFDV scores 12 out of 100 (Weak) - it fails Wheel Trade Filters 2, 3, 4, 6, 7, 8, 9. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for DFDV?
None of the nine GLS models produced a positive value for DFDV (the company lost money over the last twelve months, EPS -7.28, it pays no dividend and its debts exceed what its assets would fetch), so there is no GLS fair value tonight.
When does DeFi Development Corp. report earnings next?
The next earnings report is due on 11 Nov 2026 (before the open), 6 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does DFDV have listed options, and how liquid are they?
Yes. The nightly snapshot found 82 listed contracts with 5,886 open interest across all expiries and implied volatility of 138% 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.