Stock fact sheet · data as of
Granite Point Mortgage Trust Inc. (GPMT): fair value, margin of safety and Wheel Score
Real Estate · REIT - Mortgage · United States · Speculative / Distressed
Is GPMT undervalued?
GPMT closed at 5.31 on 16 Oct 2026, more than 30% above the GLS average fair value of 3.39. Only 0 of the 2 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 Sunday Scan drops names like this at the "below fair value" rule.
Only 2 of the nine models produced a value (10 Cap, 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 GPMT under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for GPMT
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 | - | - | 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 | 3.10 | -42% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 3.68 | -31% | 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) | -234.25 | -4511% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 1.38 | -74% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - GPMT passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 2.7 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 thin or negative - ROIC -2.4%, ROE -7.4%, ROA -2.3% - with debt at 2.12 times equity and negative free cash flow. Debt of 2.12 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 high at 4.71% (payout ratio -30%). 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.
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | -2.4% |
|---|---|---|---|
| GLS Moat | 2.7 / 10 | ROE | -7.4% |
| Debt / equity | 2.12 | ROA | -2.3% |
| Free-cash-flow yield | -3.9% | Payout ratio | -30% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 22: Weak
GPMT scores 22 out of 100 on the Wheel Score, in the Weak band (under 50). Value 0/25, Health 13/20, Moat 4/15, Premium 0/20, Stability 5/20. 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.
No implied volatility is recorded for GPMT - the nightly snapshot found no near-the-money contracts 20-60 days out - so the Premium part of the Wheel Score is zero. Chain open interest is 4,876 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 101k shares a day on a market cap of $26M, with a beta of 1.65 - 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 gives that 5 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -57% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 4 / 15 | moat 2.7/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 5 / 20 | 101k shares/day, $26M cap, beta 1.65 |
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 4 Nov 2026 (after the close), 19 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 REIT - Mortgage
The 12 companies below are the closest to Granite Point Mortgage Trust Inc. by market cap within the REIT - Mortgage 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 |
|---|---|---|---|---|---|
| LFT Lument Finance Trust, Inc. | 4.48 | 108.22 | +96% | 39No options | $24M |
| SACH Sachem Capital Corp. | 0.8228 | 1.77 | +53% | 45Weak | $39M |
| LOAN Manhattan Bridge Capital, Inc. | 3.48 | 553.75 | +99% | 68Good | $40M |
| PTTTS Palmetto Real Estate Trust | 7.30 | 13.96 | +48% | 39No options | $13M |
| ACR ACRES Commercial Realty Corp. | 10.47 | 214.71 | +95% | 52Fair | $75M |
| RPT Rithm Property Trust Inc. | 10.64 | 16.43 | +35% | 39No options | $83M |
| SUNS Sunrise Realty Trust, Inc. | 6.35 | 21.84 | +71% | 67Good | $86M |
| CHMI Cherry Hill Mortgage Investment Corporation | 2.56 | 6.86 | +63% | 71Good | $95M |
| RWTS Redwood Trust, Inc. 9.75% Senior Notes Due 2031 | 19.22 | 3.97 | -384% | 6No options | $96M |
| SEVN Seven Hills Realty Trust | 6.78 | 20.74 | +67% | 68Good | $129M |
| CMTG Claros Mortgage Trust, Inc. | 1.18 | - | - | 39Weak | $166M |
| MITP TPG Mortgage Investment Trust Inc 9.500% Senior Notes due 2029 | 25.05 | 247.43 | +90% | 39No options | $176M |
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Start free See the Sunday ScanQuestions about GPMT
Is GPMT undervalued right now?
No: at 5.31 the stock trades 57% above the GLS average fair value of 3.39 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of GPMT and what does it mean?
GPMT scores 22 out of 100 (Weak). 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 GPMT?
3.39 per share as of 16 Oct 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 Granite Point Mortgage Trust Inc. report earnings next?
The next earnings report is due on 4 Nov 2026 (after the close), 19 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does GPMT have listed options, and how liquid are they?
Yes. The nightly snapshot found 24 listed contracts with 4,876 open interest across all expiries. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.