Stock fact sheet · data as of
Fidelity National Financial, Inc. (FNF): fair value, margin of safety and Wheel Score
Ticker symbol FNF · Financial Services · Insurance - Specialty · United States · Blend Income
Is FNF undervalued?
At 43.28 (close of 5 Nov 2026), FNF trades 62% below the GLS average fair value of 112.42. That average comes from 9 models run on the latest filings, and 4 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 Fidelity National Financial, Inc. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The 9 models disagree widely: GLS Growth gives 10.11 while 10 Cap gives 492.47. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for FNF, so the nightly engine files it under Blend (value score 62, growth score 42, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for FNF
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 | 159.77 | +269% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 42.61 | -2% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 75.70 | +75% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 26.42 | -39% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 10.11 | -77% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 492.47 | +1038% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 141.95 | +228% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 30.61 | -29% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 32.13 | -26% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -182.33 | -521% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 54.33 | +26% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health FNF scores 9/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is 7.0 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.
Returns on capital are thin or negative - ROIC 4.9%, ROE 8.1%, ROA 0.6% - with debt at 0.64 times equity and a free-cash-flow yield of 49.9%.
The dividend yield is high at 4.81% (payout ratio 72%). 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 Title 83%, F&G 16%, Corporate And Reconciling Items 1% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 9 / 9 | ROIC | 4.9% |
|---|---|---|---|
| GLS Moat | 7.0 / 10 | ROE | 8.1% |
| Debt / equity | 0.64 | ROA | 0.6% |
| Free-cash-flow yield | 49.9% | Payout ratio | 72% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 89: Prime
FNF scores 89 out of 100 on the Wheel Score, in the Prime band (85 and above): it passes all 9 Wheel Trade Filters and ranks strongly on value strong, premium strong, moat good, health strong, red flags good, option trading fair, stability good. Prime stocks stand out among those that pass - the Sunday Scan is the top 10 by Wheel Score.
Implied volatility is 40% 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. Chain open interest is 12,437 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 3.4M shares a day on a market cap of $11.6B, with a beta of 0.98; the Stability part of the Wheel Score rates that good.
| 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 | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 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 | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 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 | Strong | 62% below fair value | |
| Premium | Strong | implied volatility 40% | |
| Moat | Good | moat 7.0/10 | |
| Health | Strong | Piotroski 9/9 | |
| Red Flags | Good | Red Flags score 85/100 | |
| Option trading | Fair | 4,213 contracts a day, 12,437 open interest | |
| Stability | Good | beta 0.98, $11.6B 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
Fidelity National Financial, Inc. reports earnings on 5 Nov 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.
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 Insurance - Specialty
The 12 companies below are the closest to Fidelity National Financial, Inc. by market cap within the Insurance - Specialty 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 |
|---|---|---|---|---|---|
| FAF First American Financial Corporation | 67.67 | 100.36 | +33% | 50Fair | $6.9B |
| ACT Enact Holdings Inc. | 48.24 | 66.67 | +28% | 53Fair | $6.6B |
| ESNT Essent Group Ltd. | 69.34 | 106.71 | +35% | 51Fair | $6.2B |
| MTG MGIC Investment Corporation | 29.13 | 48.62 | +40% | 82Good | $6.0B |
| RDN Radian Group Inc. | 36.59 | 82.19 | +55% | 82Good | $4.8B |
| NMIH NMI Holdings, Inc. | 43.96 | 98.38 | +55% | 54Fair | $3.3B |
| AGO Assured Guaranty Ltd. | 72.51 | 187.86 | +61% | 44Weak | $3.2B |
| EIG Employers Holdings, Inc. | 47.58 | 29.35 | -62% | 32Weak | $834M |
| TIPT Tiptree Inc. | 17.95 | 260.65 | +93% | 46Weak | $654M |
| ITIC Investors Title Company | 268.89 | 319.62 | +16% | 29No options | $508M |
| AMSF AMERISAFE, Inc. | 20.34 | 25.98 | +22% | 45Weak | $377M |
| OSG Octave Specialty Group, Inc. | 5.22 | 9.54 | +45% | 40Weak | $235M |
⚖ Compare FNF with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about FNF
Is FNF undervalued right now?
By the GLS models, yes: at 43.28 the stock is 62% below the average fair value of 112.42 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of FNF and what does it mean?
FNF scores 89 out of 100 (Prime). 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 FNF?
112.42 per share as of 5 Nov 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 Fidelity National Financial, Inc. report earnings next?
The next earnings report is due on 5 Nov 2026 (after the close), 0 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does FNF have listed options, and how liquid are they?
Yes. The nightly snapshot found 28 listed contracts with 12,437 open interest across all expiries and implied volatility of 40% 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.