Stock fact sheet · data as of
Oppenheimer Holdings Inc. (OPY): fair value, margin of safety and Wheel Score
Ticker symbol OPY · Financial Services · Financial - Capital Markets · United States · Class A common stock · Blend
OPY is Oppenheimer Holdings Inc.'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 OPY undervalued?
At 91.86 (close of 5 Nov 2026), OPY trades 54% below the GLS average fair value of 201.33. That average comes from 9 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 Oppenheimer Holdings Inc. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The 9 models disagree widely: DDM gives 25.90 while GLS Growth gives 495.03. 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 OPY, so the nightly engine files it under Blend (value score 73, growth score 78, out of 100).
Nine valuation models for OPY
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 | 82.17 | -11% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 129.76 | +41% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 462.52 | +404% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 202.15 | +120% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 495.03 | +439% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 162.82 | +77% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 161.80 | +76% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 25.90 | -72% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 89.85 | -2% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 31.53 | -66% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 95.00 | +3% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - OPY passes 6 of the nine Piotroski tests, which passes the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 6.2 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.
Returns on capital are moderate - ROIC 9.2%, ROE 15.1%, ROA 4.0% - with debt at 0.64 times equity and a free-cash-flow yield of 4.5%.
The dividend yield is 1.92% at a payout ratio of 21%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Advisory Fees 80%, Investment Banking, Advisory 11%, Investment Banking, Capital Markets 7% (quarter Q3 FY2026).
Institutional ownership scores 5/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 9.2% |
|---|---|---|---|
| GLS Moat | 6.2 / 10 | ROE | 15.1% |
| Debt / equity | 0.64 | ROA | 4.0% |
| Free-cash-flow yield | 4.5% | Payout ratio | 21% |
| Institutions | 5 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 44: Weak
OPY scores 44 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 1, options that actually trade - options too quiet (149 open interest, 213 a day); and filter 6, no serious red flags - Red Flags score 45 (under 60); and filter 8, big enough - market cap $975M (under $1.0B), and the parts are thin too - value strong, premium strong, moat good, health good, red flags weak, option trading weak, stability fair. 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 44% 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. Chain open interest is thin - 149 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 103k shares a day on a market cap of $975M, with a beta of 1.10; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (149 open interest, 213 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 | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 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 | Fails | Red Flags score 45 (under 60) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $975M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 54% below fair value | |
| Premium | Strong | implied volatility 44% | |
| Moat | Good | moat 6.2/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Weak | Red Flags score 45/100 | |
| Option trading | Weak | 213 contracts a day, 149 open interest | |
| Stability | Fair | beta 1.10, $975M 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 29 Jan 2027, 85 days away - outside the window of a 30-45-day put sold today. The shares go ex-dividend on 13 Nov 2026 (0.2000 per share), so a covered call sold before then carries a small early-assignment risk around that date.
In the last 30 days analysts logged 1 upgrade and 1 downgrade on OPY; the latest action was an upgrade by Needham on 3 Nov 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 Oppenheimer Holdings Inc. 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.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| LCLN Lincoln International Inc. | 27.25 | 33.86 | +20% | 27No options | $950M |
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| CD Chaince Digital Holdings Inc. | 6.74 | 0.3486 | -1834% | 11Weak | $741M |
| PURR Hyperliquid Strategies Inc Common Stock | 9.69 | 40.13 | +76% | 42Weak | $1.3B |
| TOP TOP Financial Group Limited | 10.83 | - | - | 15No options | $1.3B |
| RHNO Rhino Bitcoin Inc. | 8.90 | - | - | 12No options | $712M |
| TIGR UP Fintech Holding Ltd. Sponsored ADR Class A | 3.95 | 45.66 | +91% | 50Fair | $710M |
| SBET Sharplink, Inc. | 7.15 | - | - | 21Weak | $1.4B |
| PWP Perella Weinberg Partners | 14.49 | 17.95 | +19% | 35Weak | $1.6B |
| BTGO BitGo Holdings, Inc. | 5.42 | 127.42 | +96% | 34Weak | $589M |
| CLSK CleanSpark, Inc. | 6.80 | - | - | 16Weak | $1.7B |
| MTC MMTec, Inc. | 5.37 | 5.95 | +10% | 18No options | $535M |
⚖ Compare OPY with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about OPY
What kind of share is OPY?
OPY is Oppenheimer Holdings Inc.'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 OPY undervalued right now?
By the GLS models, yes: at 91.86 the stock is 54% below the average fair value of 201.33 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of OPY and what does it mean?
OPY scores 44 out of 100 (Weak) - it fails Wheel Trade Filters 1, 6, 8. 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 OPY?
201.33 per share as of 5 Nov 2026 - the simple average of the 9 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 Oppenheimer Holdings Inc. report earnings next?
The next earnings report is due on 29 Jan 2027, 85 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does OPY have listed options, and how liquid are they?
Yes. The nightly snapshot found 56 listed contracts with 149 open interest across all expiries and implied volatility of 44% 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.