Stock fact sheet · data as of
Oppenheimer Holdings Inc. (OPY): fair value, margin of safety and Wheel Score
Financial Services · Financial - Capital Markets · United States · High Growth
Is OPY undervalued?
At 102.14 (close of 16 Oct 2026), OPY trades 54% below the GLS average fair value of 222.62. That average comes from 8 models run on the latest filings, and 5 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 8 models disagree widely: DDM gives 25.90 while GLS Growth gives 588.00. 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.
The nightly engine files OPY under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
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 | 80.41 | -21% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 140.88 | +38% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 549.39 | +438% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 240.12 | +135% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 588.00 | +476% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 49.57 | -51% | 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 | 25.90 | -75% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 106.72 | +4% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 31.54 | -69% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 95.00 | -7% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - OPY passes 5 of the nine Piotroski tests, which falls one point short of the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 8.7 out of 10, built from ten years of revenue, earnings, margins, cash flow, share count and returns on capital scored for consistency - a high reading that points to a durable business.
Returns on capital are moderate - ROIC 9.2%, ROE 15.1%, ROA 4.0% - with debt at 0.64 times equity and negative free cash flow.
The dividend yield is 1.72% at a payout ratio of 18%; 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 62%, Investment Banking, Advisory 25%, Investment Banking, Capital Markets 11% (quarter Q2 FY2026).
Institutional ownership scores 5/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 9.2% |
|---|---|---|---|
| GLS Moat | 8.7 / 10 | ROE | 15.1% |
| Debt / equity | 0.64 | ROA | 4.0% |
| Free-cash-flow yield | -2.1% | Payout ratio | 18% |
| Institutions | 5 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 77: Good
OPY scores 77 out of 100 on the Wheel Score (Good band, 65-79). The score blends the margin of safety (Value, 25/25), Piotroski health (11/20), the GLS moat (13/15), the option premium on offer (20/20) and how easily the stock trades (8/20). Stability (8/20) is the part holding the score back.
Implied volatility is 46% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 271 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 99k shares a day on a market cap of $1.1B, with a beta of 1.10; the Stability part of the Wheel Score gives that 8 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 54% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 13 / 15 | moat 8.7/10 | |
| Premium | 20 / 20 | implied volatility 46% | |
| Stability | 8 / 20 | 99k shares/day, $1.1B cap, beta 1.10 |
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
Oppenheimer Holdings Inc. reports earnings on 30 Oct 2026 - 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.
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Start free See the Sunday ScanQuestions about OPY
Is OPY undervalued right now?
By the GLS models, yes: at 102.14 the stock is 54% below the average fair value of 222.62 (data as of 16 Oct 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 77 out of 100 (Good). 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 OPY?
222.62 per share as of 16 Oct 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 Oppenheimer Holdings Inc. report earnings next?
The next earnings report is due on 30 Oct 2026, 14 days from the data date of 16 Oct 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 294 listed contracts with 271 open interest across all expiries and implied volatility of 46% 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.