NewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 2029 (NEWTG): fair value, margin of safety and Wheel Score

Is NEWTG undervalued?

NEWTG has a margin of safety of 74%: the stock closed at 25.00 on 5 Nov 2026 against a GLS average fair value of 95.88. 5 of the 7 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.

There is a wide gap between DDM (11.18) and GLS Growth (257.25). 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.

NEWTG looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.

Nine valuation models for NEWTG

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.

Quality and financial health

NewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 2029 scores only 2 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. There is no GLS Moat score for NEWTG: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.

Returns on capital are thin or negative - ROIC 5.0%, ROE 15.2%, ROA 2.2% - with debt at 2.07 times equity and negative free cash flow. Debt of 2.07 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 6.90% (payout ratio 52%). 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 5/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 23: No options

No options are listed on NewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 2029 in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 23, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.

Volume runs at 3k shares a day on a market cap of $307M, with a beta of 0.11 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.

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

NewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 2029 reports earnings on 9 Nov 2026 (after the close) - 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 Banks - Regional

The 12 companies below are the closest to NewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 2029 by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.

⚖ Compare NEWTG with 7 of them   All Financial Services stocks →