Stock fact sheet · data as of
Itaú Unibanco Holding S.A. (ITUB): fair value, margin of safety and Wheel Score
Ticker symbol ITUB · Financial Services · Banks · Brazil · Depositary preferred shares · ADR · Blend Income
ITUB is not Itaú Unibanco Holding S.A.'s common stock: it is a depositary share of its preferred stock - each one a fraction of a single preferred share. Preferred shares pay a set dividend and rank ahead of the common stock if the company fails, but usually carry no vote and do not share in the company's growth the same way. The valuation models on this page are built for common stock and say little about a preferred share.
Is ITUB undervalued?
At 7.28 (close of 5 Nov 2026), ITUB trades 39% below the GLS average fair value of 11.91. That average comes from 8 models run on the latest filings, and 6 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 Itaú Unibanco Holding S.A. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The 8 models disagree widely: Lynch gives 3.77 while 10 Cap gives 25.12. 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 ITUB, so the nightly engine files it under Blend (value score 62, growth score 56, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for ITUB
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 | 7.34 | +1% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 13.25 | +82% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 3.77 | -48% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 4.36 | -40% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 25.12 | +245% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 24.98 | +243% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 8.63 | +19% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 7.86 | +8% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -44.05 | -705% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 9.80 | +35% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - ITUB passes 5 of the nine Piotroski tests, which falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 8.1 out of 10 - high returns on capital, steady margins and growth that held up through bad years point to a durable business.
Returns on capital are thin or negative - ROIC 3.7%, ROE 21.9%, ROA 1.5% - with debt at 4.95 times equity and a free-cash-flow yield of 14.0%. Debt of 4.95 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 8.05% (payout ratio 67%). 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 1/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 3.7% |
|---|---|---|---|
| GLS Moat | 8.1 / 10 | ROE | 21.9% |
| Debt / equity | 4.95 | ROA | 1.5% |
| Free-cash-flow yield | 14.0% | Payout ratio | 67% |
| Institutions | 1 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 57: Fair
ITUB scores 57 out of 100 on the Wheel Score (Fair band, 50-69) because it fails filter 4, financially healthy - Piotroski 5/9 (under 6). A stock must pass all 9 Wheel Trade Filters to reach 70. Otherwise the parts read: value strong, premium strong, moat strong, health fair, red flags fair, option trading strong, stability strong.
Implied volatility is 43% 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. The option chain is deep: 96,481 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 31.2M shares a day on a market cap of $80.2B, with a beta of 0.16 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that strong.
| 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 | Fails | Piotroski 5/9 (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 | 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 | 39% below fair value | |
| Premium | Strong | implied volatility 43% | |
| Moat | Strong | moat 8.1/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | Red Flags score 70/100 | |
| Option trading | Strong | 5,554 contracts a day, 96,481 open interest | |
| Stability | Strong | beta 0.16, $80.2B 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 3 Feb 2027, 90 days away - outside the window of a 30-45-day put sold today. The shares go ex-dividend on 2 Dec 2026 (0.0033 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Analysts downgraded ITUB 1 time in the last 30 days with no upgrades; the latest action was a reiterated rating by Goldman Sachs on 9 Oct 2026.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks
The 8 companies below are the closest to Itaú Unibanco Holding S.A. by market cap within the Banks 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 |
|---|---|---|---|---|---|
| UMBFO UMB Financial Corporation | 25.42 | 170.96 | +85% | 26No options | $1.9B |
| FBAK First National Bank Alaska | 338.00 | 445.25 | +24% | 32No options | $1.1B |
| CNND Canandaigua National Corporation | 227.85 | 599.74 | +62% | 35No options | $417M |
| ALPIB Alpine Banks of Colorado | 48.17 | 82.79 | +42% | 35No options | $394M |
| HARL Harleysville Financial Corporation | 33.45 | 38.66 | +13% | 26No options | $119M |
| FBVI FCN Banc Corp. | 40.11 | 54.32 | +26% | 32No options | $69M |
| LOGN Logansport Financial Corp. | 37.00 | 30.12 | -23% | 19No options | $23M |
| GVFF Greenville Federal Financial Corporation | 7.26 | 3.51 | -107% | 15No options | $15M |
⚖ Compare ITUB with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about ITUB
Is ITUB the same as Itaú Unibanco Holding S.A. stock?
No. ITUB is not Itaú Unibanco Holding S.A.'s common stock: it is a depositary share of its preferred stock - each one a fraction of a single preferred share. Preferred shares pay a set dividend and rank ahead of the common stock if the company fails, but usually carry no vote and do not share in the company's growth the same way. The valuation models on this page are built for common stock and say little about a preferred share.
Is ITUB undervalued right now?
By the GLS models, yes: at 7.28 the stock is 39% below the average fair value of 11.91 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of ITUB and what does it mean?
ITUB scores 57 out of 100 (Fair) - it fails Wheel Trade Filter 4. 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 ITUB?
11.91 per share as of 5 Nov 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 Itaú Unibanco Holding S.A. report earnings next?
The next earnings report is due on 3 Feb 2027, 90 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does ITUB have listed options, and how liquid are they?
Yes. The nightly snapshot found 42 listed contracts with 96,481 open interest across all expiries and implied volatility of 43% 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.