Stock fact sheet · data as of
PayPay Corporation (PAYP): fair value, margin of safety and Wheel Score
Ticker symbol PAYP · Technology · Software - Infrastructure · Japan · ADR · Growth
PAYP is an American depositary share (ADR): the US listing of PayPay Corporation, whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.
Is PAYP undervalued?
PayPay Corporation (PAYP) closed at 15.96 on 5 Nov 2026. The GLS average fair value - the simple average of the 8 valuation models that produced a positive number - is 38.76, which puts the price 59% below it. 6 of the 8 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
The 8 models disagree widely: Graham Number gives 9.79 while Payback Time gives 73.24. 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, PAYP is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 51, growth score 87, out of 100).
Nine valuation models for PAYP
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 | 18.79 | +18% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 9.79 | -39% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 65.80 | +312% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 28.76 | +80% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 70.43 | +341% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 30.50 | +91% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 73.24 | +359% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 12.78 | -20% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -15.76 | -199% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 22.33 | +40% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - PAYP 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 low at 4.6 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are high - ROIC 12.5%, ROE 30.8%, ROA 2.3% - with debt at 1.46 times equity and a free-cash-flow yield of 12.2%.
PayPay Corporation 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 Other Revenue 56%, Financial Services 45% (fiscal year FY2025).
Institutional ownership scores 1/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 12.5% |
|---|---|---|---|
| GLS Moat | 4.6 / 10 | ROE | 30.8% |
| Debt / equity | 1.46 | ROA | 2.3% |
| Free-cash-flow yield | 12.2% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 42: Weak
PAYP scores 42 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 1, options that actually trade - options too quiet (697 open interest, 153 a day); and filter 7, a premium worth selling - implied volatility 81% (over 80%), and the parts are thin too - value strong, premium fair, moat fair, health good, red flags good, option trading weak, stability good. 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 81%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is thin - 697 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 1.1M shares a day on a market cap of $10.8B, with a beta of 1.23 - 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 rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (697 open interest, 153 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 | 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 | Fails | implied volatility 81% (over 80%) |
| 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 | 59% below fair value | |
| Premium | Fair | implied volatility 81% | |
| Moat | Fair | moat 4.6/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Good | Red Flags score 80/100 | |
| Option trading | Weak | 153 contracts a day, 697 open interest | |
| Stability | Good | beta 1.23, $10.8B 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
No upcoming earnings date is recorded for PAYP in the nightly calendar.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Infrastructure
The 12 companies below are the closest to PayPay Corporation by market cap within the Software - Infrastructure 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 |
|---|---|---|---|---|---|
| SAIL SailPoint, Inc. | 19.72 | 5.91 | -234% | 27Weak | $11.3B |
| DOCN DigitalOcean Holdings, Inc. | 84.02 | 19.35 | -334% | 29Weak | $9.9B |
| AKAM Akamai Technologies, Inc. | 85.93 | 81.77 | -5% | 36Weak | $12.3B |
| NTSK Netskope, Inc. Class A Common Stock | 22.77 | - | - | 23Weak | $9.3B |
| S SentinelOne, Inc. | 23.49 | 17.69 | -33% | 33Weak | $8.0B |
| DBX Dropbox, Inc. | 36.10 | 74.48 | +52% | 83Good | $7.8B |
| GDDY GoDaddy Inc. | 118.32 | 304.02 | +61% | 88Prime | $15.0B |
| CHKP Check Point Software Technologies Ltd. | 147.41 | 181.70 | +19% | 82Good | $15.1B |
| QLYS Qualys, Inc. | 210.89 | 177.94 | -19% | 41Weak | $7.3B |
| PATH UiPath Inc. | 13.51 | 19.09 | +29% | 83Good | $7.0B |
| NTNX Nutanix, Inc. | 63.70 | 140.63 | +55% | 51Fair | $17.2B |
| ZVLO zvelo, Inc. | 252.00 | - | - | 15No options | $6.7B |
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Start free See the Sunday ScanQuestions about PAYP
Is PAYP undervalued right now?
By the GLS models, yes: at 15.96 the stock is 59% below the average fair value of 38.76 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of PAYP and what does it mean?
PAYP scores 42 out of 100 (Weak) - it fails Wheel Trade Filters 1, 7. 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 PAYP?
38.76 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 PayPay Corporation report earnings next?
No upcoming earnings date is recorded for PAYP in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does PAYP have listed options, and how liquid are they?
Yes. The nightly snapshot found 30 listed contracts with 697 open interest across all expiries and implied volatility of 81% 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.
Is PAYP an ADR?
Yes. PAYP is an American depositary share (ADR): the US listing of PayPay Corporation, whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.