Stock fact sheet · data as of
Flagstar Financial, Inc. (FLG): fair value, margin of safety and Wheel Score
Ticker symbol FLG · Financial Services · Banks - Regional · United States · Blend
Is FLG undervalued?
FLG closed at 10.96 on 5 Nov 2026, more than 30% above the GLS average fair value of 7.75. Only 2 of the 6 models that produced a value sit above the price. By our models the shares are priced well beyond what the filed earnings, cash flow and book value support; the "below fair value" Wheel Trade Filter keeps names like this under 70.
There is a wide gap between DDM (0.5886) and GLS Growth (14.29). 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.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for FLG, so the nightly engine files it under Blend (value score 39, growth score 44, out of 100).
Nine valuation models for FLG
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 | 9.88 | -10% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 13.35 | +22% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 5.83 | -47% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 14.29 | +30% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 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 | 0.5886 | -95% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 2.59 | -76% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -152.05 | -1487% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 14.78 | +35% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Flagstar Financial, Inc. scores only 4 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 2.1/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -0.9%, ROE -2.2%, ROA -0.2% - with debt at 1.50 times equity and negative free cash flow.
The dividend yield is 0.36% with a payout ratio of 38% - a small yield that leaves most of the earnings in the business.
Institutional ownership scores 10/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | -0.9% |
|---|---|---|---|
| GLS Moat | 2.1 / 10 | ROE | -2.2% |
| Debt / equity | 1.50 | ROA | -0.2% |
| Free-cash-flow yield | -3.4% | Payout ratio | 38% |
| Institutions | 10 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 31: Weak
With a Wheel Score of 31 Flagstar Financial, Inc. sits in the Weak band. It fails filter 3, below fair value - trades 41% above our fair value; and filter 4, financially healthy - Piotroski 4/9 (under 6); and filter 6, no serious red flags - Red Flags score 52 (under 60); Value (weak) is its weakest part.
Implied volatility is 37% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. The option chain is deep: 121,661 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 8.5M shares a day on a market cap of $4.5B, with a beta of 1.10; 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 | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 41% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 4/9 (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 52 (under 60) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 41% above fair value | |
| Premium | Strong | implied volatility 37% | |
| Moat | Weak | moat 2.1/10 | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Weak | Red Flags score 52/100 | |
| Option trading | Strong | 5,212 contracts a day, 121,661 open interest | |
| Stability | Fair | beta 1.10, $4.5B 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
The next earnings report is due on 29 Jan 2027, 85 days away - outside the window of a 30-45-day put sold today. The next ex-dividend date is 7 Dec 2026 (0.0100 per share).
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 Banks - Regional
The 12 companies below are the closest to Flagstar 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 |
|---|---|---|---|---|---|
| SFBS ServisFirst Bancshares, Inc. | 41.88 | 50.45 | +17% | 50Fair | $4.6B |
| UCB United Community Banks, Inc. | 37.66 | 25.96 | -45% | 35Weak | $4.5B |
| FFIN First Financial Bankshares, Inc. | 31.42 | 23.94 | -31% | 40Weak | $4.5B |
| FULT Fulton Financial Corporation | 24.31 | 25.54 | +5% | 40Weak | $4.6B |
| TFSL TFS Financial Corporation | 16.71 | 7.04 | -137% | 36Weak | $4.7B |
| CATY Cathay General Bancorp | 65.98 | 80.13 | +18% | 46Weak | $4.4B |
| FULTP Fulton Financial Corporation | 15.81 | 21.45 | +26% | 32No options | $4.4B |
| WSFS WSFS Financial Corporation | 81.08 | 61.88 | -31% | 32Weak | $4.2B |
| CVBF CVB Financial Corp. | 23.37 | 29.71 | +21% | 50Fair | $4.1B |
| INDB Independent Bank Corp. | 86.42 | 98.09 | +12% | 42Weak | $4.1B |
| ASBA Associated Banc-Corp | 24.66 | 38.17 | +35% | 34No options | $4.1B |
| AVAL Grupo Aval Acciones y Valores S.A. | 4.31 | 10.66 | +60% | 35No options | $5.1B |
⚖ Compare FLG with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about FLG
Is FLG undervalued right now?
No: at 10.96 the stock trades 41% above the GLS average fair value of 7.75 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of FLG and what does it mean?
FLG scores 31 out of 100 (Weak) - it fails Wheel Trade Filters 3, 4, 6. 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 FLG?
7.75 per share as of 5 Nov 2026 - the simple average of the 6 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 Flagstar Financial, Inc. report earnings next?
The next earnings report is due on 29 Jan 2027, 85 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does FLG have listed options, and how liquid are they?
Yes. The nightly snapshot found 164 listed contracts with 121,661 open interest across all expiries and implied volatility of 37% 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.