Stock fact sheet · data as of
Piper Sandler Companies (PIPR): fair value, margin of safety and Wheel Score
Ticker symbol PIPR · Financial Services · Investment - Banking & Investment Services · United States · Growth
Is PIPR undervalued?
At 70.22 (close of 5 Nov 2026), PIPR trades 51% below the GLS average fair value of 142.03. That average comes from 9 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 Piper Sandler Companies the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between DDM (29.43) and Payback Time (355.90). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, PIPR is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 49, growth score 85, out of 100).
Nine valuation models for PIPR
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 | 41.62 | -41% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 45.45 | -35% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 187.93 | +168% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 76.99 | +10% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 275.32 | +292% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 215.67 | +207% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 355.90 | +407% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 29.43 | -58% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 49.97 | -29% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -1.20 | -102% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 74.50 | +6% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Piper Sandler Companies scores only 4 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. On durability PIPR scores 6.0/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are high - ROIC 18.9%, ROE 20.5%, ROA 10.9% - with debt at 0.08 times equity and a free-cash-flow yield of 12.2%.
The dividend yield is 2.85% at a payout ratio of 47%; 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 Services 58%, Equity Sales and Trading 13%, Debt Financing 11% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 11 Sep 2026.
| Piotroski F-score | 4 / 9 | ROIC | 18.9% |
|---|---|---|---|
| GLS Moat | 6.0 / 10 | ROE | 20.5% |
| Debt / equity | 0.08 | ROA | 10.9% |
| Free-cash-flow yield | 12.2% | Payout ratio | 47% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 46: Weak
With a Wheel Score of 46 Piper Sandler Companies sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (556 open interest, 363 a day); and filter 4, financially healthy - Piotroski 4/9 (under 6); Option trading (weak) is its weakest part.
Implied volatility is 37% 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 - 556 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 982k shares a day on a market cap of $5.0B, with a beta of 1.40 - 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 fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (556 open interest, 363 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 | Fails | Piotroski 4/9 (under 6) |
| 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 | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 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 | 51% below fair value | |
| Premium | Strong | implied volatility 37% | |
| Moat | Good | moat 6.0/10 | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Fair | Red Flags score 77/100 | |
| Option trading | Weak | 363 contracts a day, 556 open interest | |
| Stability | Fair | beta 1.40, $5.0B 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 PIPR in the nightly calendar. The shares go ex-dividend on 24 Nov 2026 (0.2000 per share), so a covered call sold before then carries a small early-assignment risk around that date.
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 Investment - Banking & Investment Services
The 8 companies below are the closest to Piper Sandler Companies by market cap within the Investment - Banking & Investment Services 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 |
|---|---|---|---|---|---|
| PJT PJT Partners Inc. | 158.12 | 260.74 | +39% | 52Fair | $4.0B |
| HLI Houlihan Lokey, Inc. | 154.06 | 154.34 | +0% | 70Good | $10.7B |
| BNY Bank of New York Mellon Corp | 152.72 | 228.62 | +33% | 77Good | $102.8B |
| BRBI BRBI BR Partners S.A. ADSs | 7.19 | 22.65 | +68% | 26No options | $188M |
| IBKR Interactive Brokers Group, Inc. | 77.88 | 129.70 | +40% | 90Prime | $136.9B |
| CURN Currency Exchange International, Corp. | 23.89 | 37.02 | +35% | 35No options | $141M |
| STEX Streamex Corp. | 0.3610 | - | - | 5Weak | $42M |
| AMTD AMTD IDEA Group | 13.56 | 67,412.93 | +100% | 33No options | $3M |
⚖ Compare PIPR with 7 of them All Financial Services stocks →
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about PIPR
Is PIPR undervalued right now?
By the GLS models, yes: at 70.22 the stock is 51% below the average fair value of 142.03 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of PIPR and what does it mean?
PIPR scores 46 out of 100 (Weak) - it fails Wheel Trade Filters 1, 4. 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 PIPR?
142.03 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 Piper Sandler Companies report earnings next?
No upcoming earnings date is recorded for PIPR in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does PIPR have listed options, and how liquid are they?
Yes. The nightly snapshot found 44 listed contracts with 556 open interest across all expiries and implied volatility of 37% 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.