Stock fact sheet · data as of
Ranpak Holdings Corp. (PACK): fair value, margin of safety and Wheel Score
Consumer Cyclical · Packaging & Containers · United States · Speculative / Distressed
Is PACK undervalued?
Ranpak Holdings Corp. (PACK) closed at 3.45 on 16 Oct 2026, 186% above the GLS average fair value of 1.21. 1 of the 1 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
The average is built from just 1 models (10 Cap) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files PACK 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 PACK
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 | 1.21 | -65% | 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 | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -5.09 | -247% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 9.38 | +172% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Ranpak Holdings Corp. scores 6 of 9 on the Piotroski F-score: a middling result that passes the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 0.9/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -4.0%, ROE -7.2%, ROA -3.4% - with debt at 0.80 times equity and a free-cash-flow yield of 2.4%.
Ranpak Holdings Corp. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Paper 91%, Product and Service, Other 9% (quarter Q3 FY2024).
Institutional ownership scores 10/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | -4.0% |
|---|---|---|---|
| GLS Moat | 0.9 / 10 | ROE | -7.2% |
| Debt / equity | 0.80 | ROA | -3.4% |
| Free-cash-flow yield | 2.4% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 25: Weak
With a Wheel Score of 25 Ranpak Holdings Corp. sits in the Weak band. The parts - Value 0/25, Health 13/20, Moat 1/15, Premium 5/20, Stability 5/20 - show where: Value (0/25) scores lowest.
Implied volatility is 121%, far above the range the wheel strategy is built for. The premium looks generous; the Wheel Score gives it only 5 of 20 Premium points because moves of that size can blow through any strike. Chain open interest is thin - 537 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 743k shares a day on a market cap of $296M, with a beta of 3.14 - 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 | -186% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 1 / 15 | moat 0.9/10 | |
| Premium | 5 / 20 | implied volatility 121% | |
| Stability | 5 / 20 | 743k shares/day, $296M cap, beta 3.14 |
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
Ranpak Holdings Corp. reports earnings on 29 Oct 2026 (before the open) - 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 Packaging & Containers
The 12 companies below are the closest to Ranpak Holdings Corp. by market cap within the Packaging & Containers 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 |
|---|---|---|---|---|---|
| OI O-I Glass, Inc. | 5.92 | 21.36 | +72% | 45Weak | $910M |
| KRT Karat Packaging Inc. | 54.21 | 33.93 | -60% | 36No options | $1.1B |
| MYE Myers Industries, Inc. | 31.03 | 24.69 | -26% | 52Fair | $1.2B |
| TRS TriMas Corporation | 38.43 | 370.13 | +90% | 78Good | $1.4B |
| GPK Graphic Packaging Holding Company | 8.73 | 16.62 | +47% | 81Prime | $2.6B |
| AMBP Ardagh Metal Packaging S.A. | 4.67 | 5.01 | +7% | 69Good | $2.8B |
| GEF Greif, Inc. | 80.04 | 124.10 | +36% | 77Good | $3.7B |
| SLGN Silgan Holdings Inc. | 35.81 | 50.05 | +28% | 81Prime | $3.8B |
| SON Sonoco Products Company | 49.12 | 91.55 | +46% | 78Good | $4.9B |
| MGIH Millennium Group International Holdings Limited | 1.40 | 0.6202 | -126% | 11No options | $16M |
| YHGJ Yunhong Green CTI Ltd. | 2.78 | - | - | 26No options | $7M |
| CCK Crown Holdings, Inc. | 113.68 | 155.17 | +27% | 82Prime | $12.4B |
⚖ Compare PACK with 7 of them All Consumer Cyclical stocks →
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Start free See the Sunday ScanQuestions about PACK
Is PACK undervalued right now?
No: at 3.45 the stock trades 186% above the GLS average fair value of 1.21 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of PACK and what does it mean?
PACK scores 25 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 PACK?
1.21 per share as of 16 Oct 2026 - the simple average of the 1 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 Ranpak Holdings Corp. report earnings next?
The next earnings report is due on 29 Oct 2026 (before the open), 13 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does PACK have listed options, and how liquid are they?
Yes. The nightly snapshot found 42 listed contracts with 537 open interest across all expiries and implied volatility of 121% 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.