Stock fact sheet · data as of
FirstService Corporation (FSV): fair value, margin of safety and Wheel Score
Real Estate · Real Estate - Services · Canada · Blend
Is FSV undervalued?
FSV closed at 135.07 on 16 Oct 2026, which is 18% above the GLS average fair value of 114.28 from 9 models. 6 of them value the shares below today's price. Our screens read that as "no margin of safety": the stock is not a value candidate at this price, whatever the quality numbers say.
There is a wide gap between DDM (17.51) and Payback Time (291.54). 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 FSV under Blend.
Nine valuation models for FSV
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 | 99.77 | -26% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 45.78 | -66% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 95.95 | -29% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 34.16 | -75% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 214.73 | +59% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 190.08 | +41% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 291.54 | +116% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 17.51 | -87% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 38.97 | -71% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -28.90 | -121% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 168.50 | +25% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
FirstService Corporation scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability FSV scores 6.7/10 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 thin or negative - ROIC 4.9%, ROE 10.6%, ROA 3.4% - with debt at 1.18 times equity and a free-cash-flow yield of 5.5%.
The dividend yield is 0.88% with a payout ratio of 32% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from FirstService Brands 58%, FirstService Residential 42% (fiscal year FY2025).
Institutional ownership scores 9/10, insider activity 5/10 and Congressional trading 10/10 on the GLS smart-money scales; the last recorded Congressional buy was on 19 Aug 2026.
| Piotroski F-score | 5 / 9 | ROIC | 4.9% |
|---|---|---|---|
| GLS Moat | 6.7 / 10 | ROE | 10.6% |
| Debt / equity | 1.18 | ROA | 3.4% |
| Free-cash-flow yield | 5.5% | Payout ratio | 32% |
| Institutions | 9 / 10 | Insiders · Congress | 5 · 10 / 10 |
Wheel Score 54: Fair
A Wheel Score of 54 puts FirstService Corporation in the Fair band - below the 70 the Sunday Scan requires. Value 5/25, Health 11/20, Moat 10/15, Premium 17/20 and Stability 12/20; the weakest part is Value (5/25).
Implied volatility is 32% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (17 of 20 points). Chain open interest is thin - 732 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 114k shares a day on a market cap of $6.2B, with a beta of 0.91; the Stability part of the Wheel Score gives that 12 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 5 / 25 | -18% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 10 / 15 | moat 6.7/10 | |
| Premium | 17 / 20 | implied volatility 32% | |
| Stability | 12 / 20 | 114k shares/day, $6.2B cap, beta 0.91 |
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
FirstService Corporation reports earnings on 22 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 Real Estate - Services
The 12 companies below are the closest to FirstService Corporation by market cap within the Real Estate - Services 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 |
|---|---|---|---|---|---|
| BPYPP Brookfield Property Partners L.P. | 15.29 | 159.97 | +90% | 39No options | $6.4B |
| BPYPO Brookfield Property Partners L.P. | 14.91 | 159.97 | +91% | 39No options | $6.7B |
| BPYPN Brookfield Property Partners L.P. | 13.53 | 159.97 | +92% | 39No options | $6.7B |
| COMP Compass, Inc. | 9.62 | 5.05 | -91% | 47Weak | $7.3B |
| CIGI Colliers International Group Inc. | 90.58 | 90.82 | +0% | 69Good | $4.5B |
| CSGP CoStar Group, Inc. | 32.00 | 9.38 | -241% | 60Fair | $13.0B |
| IHS IHS Holding Limited | 8.44 | 12.65 | +33% | 75Good | $2.9B |
| CWK Cushman & Wakefield plc | 11.61 | 16.26 | +29% | 79Good | $2.7B |
| JLL Jones Lang LaSalle Incorporated | 310.79 | 621.27 | +50% | 89Prime | $14.3B |
| OPEN Opendoor Technologies Inc. | 2.32 | - | - | 41Weak | $2.3B |
| NMRK Newmark Group, Inc. | 11.91 | 22.81 | +48% | 80Prime | $1.9B |
| BEKE KE Holdings Inc. | 17.83 | 25.02 | +29% | 85Prime | $20.6B |
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 FSV
Is FSV undervalued right now?
No: at 135.07 the stock trades 18% above the GLS average fair value of 114.28 (data as of 16 Oct 2026). The margin of safety is negative.
What is the Wheel Score of FSV and what does it mean?
FSV scores 54 out of 100 (Fair). 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 FSV?
114.28 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 FirstService Corporation report earnings next?
The next earnings report is due on 22 Oct 2026 (before the open), 6 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does FSV have listed options, and how liquid are they?
Yes. The nightly snapshot found 232 listed contracts with 732 open interest across all expiries and implied volatility of 32% 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.