Stock fact sheet · data as of
Galaxy Digital (GLXY): fair value, margin of safety and Wheel Score
Ticker symbol GLXY · Financial Services · Financial - Capital Markets · United States · Class A common stock · Speculative
GLXY is Galaxy Digital's Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is GLXY undervalued?
At 13.97 (close of 5 Nov 2026), GLXY trades 100% below the GLS average fair value of 3,698.44. That average comes from 2 models run on the latest filings, and 1 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 Galaxy Digital the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
Only 2 of the nine models produced a value (DCF, DDM); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
The nightly engine files GLXY 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 GLXY
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 | 7,394.68 | +52833% | Present value of the projected free cash flows, discounted at the cost of capital |
| 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 | 2.19 | -84% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 0.6109 | -96% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 34.36 | +146% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: GLXY passes 2 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 4.4 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 -1.2%, ROE -4.4%, ROA -0.7% - with debt at 2.77 times equity and negative free cash flow. Debt of 2.77 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is 1.06% with a payout ratio of -0% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Lending 100% (quarter Q3 FY2025).
Institutional ownership scores 10/10, insider activity 4/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 2 / 9 | ROIC | -1.2% |
|---|---|---|---|
| GLS Moat | 4.4 / 10 | ROE | -4.4% |
| Debt / equity | 2.77 | ROA | -0.7% |
| Free-cash-flow yield | -37.6% | Payout ratio | -0% |
| Institutions | 10 / 10 | Insiders · Congress | 4 · 5 / 10 |
Wheel Score 32: Weak
GLXY scores 32 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 4, financially healthy - Piotroski 2/9 (under 6); and filter 7, a premium worth selling - implied volatility 108% (over 80%), and the parts are thin too - value strong, premium weak, moat fair, health weak, red flags weak, option trading strong, stability weak. 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 108%, 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. The option chain is deep: 257,440 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 16.4M shares a day on a market cap of $4.6B, with a beta of 3.59 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that weak.
| 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 | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 2/9 (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 | 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 | Fails | implied volatility 108% (over 80%) |
| 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 | 100% below fair value | |
| Premium | Weak | implied volatility 108% | |
| Moat | Fair | moat 4.4/10 | |
| Health | Weak | Piotroski 2/9 | |
| Red Flags | Weak | Red Flags score 60/100 | |
| Option trading | Strong | 30,734 contracts a day, 257,440 open interest | |
| Stability | Weak | beta 3.59, $4.6B 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
The next earnings report is due on 2 Feb 2027, 89 days away - outside the window of a 30-45-day put sold today.
Analysts upgraded GLXY 1 time in the last 30 days with no downgrades; the latest action was a reiterated rating by BTIG on 27 Oct 2026.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Financial - Capital Markets
The 12 companies below are the closest to Galaxy Digital by market cap within the Financial - Capital Markets industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
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|---|---|---|---|---|---|
| VIRT Virtu Financial, Inc. | 53.03 | 135.83 | +61% | 53Fair | $4.7B |
| MC Moelis & Company | 61.35 | 88.84 | +31% | 81Good | $4.5B |
| FIGR Figure Technology Solutions, Inc. Class A Common Stock | 23.02 | 58.29 | +61% | 38Weak | $4.3B |
| MRX Marex Group Limited | 70.34 | 295.28 | +76% | 82Good | $5.1B |
| BGC BGC Group, Inc | 11.27 | 9.43 | -19% | 42Weak | $5.3B |
| LAZ Lazard Inc | 40.66 | 61.04 | +33% | 81Good | $4.0B |
| RIOT Riot Platforms, Inc. | 15.37 | - | - | 20Weak | $5.8B |
| MKTX MarketAxess Holdings Inc. | 165.61 | 115.27 | -44% | 23Weak | $5.8B |
| WULF TeraWulf Inc. | 11.70 | - | - | 14Weak | $5.8B |
| HUT Hut 8 Corp. | 48.94 | - | - | 14Weak | $6.0B |
| MIAX Miami International Holdings, Inc. | 34.97 | 63.05 | +45% | 48Weak | $3.5B |
| LTSAP Osaic Financial Services, Inc. | 18.70 | 49.53 | +62% | 31No options | $3.3B |
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Start free See the Sunday ScanQuestions about GLXY
What kind of share is GLXY?
GLXY is Galaxy Digital's Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is GLXY undervalued right now?
By the GLS models, yes: at 13.97 the stock is 100% below the average fair value of 3,698.44 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of GLXY and what does it mean?
GLXY scores 32 out of 100 (Weak) - it fails Wheel Trade Filters 2, 4, 7. 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 GLXY?
3,698.44 per share as of 5 Nov 2026 - the simple average of the 2 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 Galaxy Digital report earnings next?
The next earnings report is due on 2 Feb 2027, 89 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does GLXY have listed options, and how liquid are they?
Yes. The nightly snapshot found 314 listed contracts with 257,440 open interest across all expiries and implied volatility of 108% 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.