Stock fact sheet · data as of
Greenlight Capital Re, Ltd. (GLRE): fair value, margin of safety and Wheel Score
Financial Services · Insurance - Reinsurance · Cayman Islands · Value
Is GLRE undervalued?
At 14.74 (close of 16 Oct 2026), GLRE trades 78% below the GLS average fair value of 68.25. That average comes from 8 models run on the latest filings, and 7 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 Greenlight Capital Re, Ltd. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The 8 models disagree widely: DCF gives 6.11 while Payback Time gives 152.58. 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.
The nightly engine files GLRE under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for GLRE
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 | 6.11 | -59% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 27.03 | +83% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 88.16 | +498% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 38.53 | +161% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 94.36 | +540% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 122.09 | +728% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 152.58 | +935% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 17.13 | +16% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -1.01 | -107% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health GLRE scores 7/9 (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 low at 4.2 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are moderate - ROIC 10.5%, ROE 10.6%, ROA 3.4% - with debt at 0.01 times equity and a free-cash-flow yield of 41.6%.
Greenlight Capital Re, Ltd. 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 6/10, insider activity 2/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 10.5% |
|---|---|---|---|
| GLS Moat | 4.2 / 10 | ROE | 10.6% |
| Debt / equity | 0.01 | ROA | 3.4% |
| Free-cash-flow yield | 41.6% | Payout ratio | 0% |
| Institutions | 6 / 10 | Insiders · Congress | 2 · 5 / 10 |
Wheel Score 74: Good
GLRE scores 74 out of 100 on the Wheel Score (Good band, 65-79). The score blends the margin of safety (Value, 25/25), Piotroski health (16/20), the GLS moat (6/15), the option premium on offer (20/20) and how easily the stock trades (7/20). Stability (7/20) is the part holding the score back.
Implied volatility is 42% 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 - 698 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 124k shares a day on a market cap of $481M, with a beta of 0.32 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 7 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 78% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 6 / 15 | moat 4.2/10 | |
| Premium | 20 / 20 | implied volatility 42% | |
| Stability | 7 / 20 | 124k shares/day, $481M cap, beta 0.32 |
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
The next earnings report is due on 2 Nov 2026 (after the close), 17 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Insurance - Reinsurance
The 8 companies below are the closest to Greenlight Capital Re, Ltd. by market cap within the Insurance - Reinsurance 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 |
|---|---|---|---|---|---|
| SPNT SiriusPoint Ltd. | 25.27 | 69.85 | +64% | 83Prime | $2.9B |
| HG Hamilton Insurance Group, Ltd. | 35.50 | 123.93 | +71% | 86Prime | $3.5B |
| KG Kestrel Group Ltd | 4.62 | 45.53 | +90% | 39No options | $36M |
| RNR RenaissanceRe Holdings Ltd. | 339.51 | 1,335.01 | +75% | 77Good | $14.1B |
| EG Everest Group, Ltd. | 381.35 | 943.59 | +60% | 77Good | $14.6B |
| RGA Reinsurance Group of America, Incorporated | 261.05 | 780.85 | +67% | 79Good | $17.0B |
| RZC Reinsurance Group of America, Incorporated | 24.95 | 327.39 | +92% | 39No options | $17.1B |
| OXBR Oxbridge Re Holdings Limited | 0.9264 | 1.05 | +11% | 32No options | $8M |
⚖ Compare GLRE with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about GLRE
Is GLRE undervalued right now?
By the GLS models, yes: at 14.74 the stock is 78% below the average fair value of 68.25 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of GLRE and what does it mean?
GLRE scores 74 out of 100 (Good). 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 GLRE?
68.25 per share as of 16 Oct 2026 - the simple average of the 8 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 Greenlight Capital Re, Ltd. report earnings next?
The next earnings report is due on 2 Nov 2026 (after the close), 17 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does GLRE have listed options, and how liquid are they?
Yes. The nightly snapshot found 112 listed contracts with 698 open interest across all expiries and implied volatility of 42% 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.