Peapack-Gladstone Financial Corporation (PGC): fair value, margin of safety and Wheel Score

Is PGC undervalued?

Peapack-Gladstone Financial Corporation (PGC) closed at 42.84 on 16 Oct 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 67.00, which puts the price 36% below it. 5 of the 9 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 9 models disagree widely: GLS Growth gives 2.09 while Graham Growth gives 168.22. 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 PGC under Value: positive earnings at a P/E of 18 or less.

Nine valuation models for PGC

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

On financial health PGC scores 9/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is 5.2 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.

Returns on capital are thin or negative - ROIC 4.3%, ROE 5.7%, ROA 0.5% - with debt at 0.33 times equity and a free-cash-flow yield of 13.9%.

The dividend yield is 0.47% with a payout ratio of 7% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Banking 79%, Wealth Management Division 21% (quarter Q2 FY2026).

Institutional ownership scores 10/10, insider activity 4/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 81: Prime

PGC scores 81 out of 100 on the Wheel Score, in the Prime band (80 and above), which fewer than one stock in twenty reaches on any night. The score blends five things a wheel trader checks before selling a cash-secured put: the margin of safety (Value, 25/25), Piotroski health (20/20), the GLS moat (8/15), the option premium on offer (20/20) and how easily the stock trades (8/20).

Implied volatility is 39% 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 - 198 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 123k shares a day on a market cap of $759M, with a beta of 0.72 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 8 of 20.

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

Peapack-Gladstone Financial Corporation reports earnings on 27 Oct 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.

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The 12 companies below are the closest to Peapack-Gladstone Financial Corporation 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.

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