Stock fact sheet · data as of
StoneX Group Inc. (SNEX): fair value, margin of safety and Wheel Score
Ticker symbol SNEX · Financial Services · Financial - Capital Markets · United States · Growth
Is SNEX undervalued?
SNEX has a margin of safety of 92%: the stock closed at 56.83 on 5 Nov 2026 against a GLS average fair value of 712.67. 5 of the 8 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 8 models disagree widely: Lynch gives 15.40 while DCF gives 3,883.08. 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, SNEX is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 64, growth score 86, out of 100).
Nine valuation models for SNEX
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 | 3,883.08 | +6733% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 50.12 | -12% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 67.92 | +20% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 15.40 | -73% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 278.42 | +390% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 905.65 | +1494% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 450.21 | +692% | 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 | 50.53 | -11% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -64.32 | -213% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 83.80 | +47% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - SNEX 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 5.9 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.
Returns on capital are thin or negative - ROIC 1.5%, ROE 12.9%, ROA 0.7% - with debt at 7.79 times equity and a free-cash-flow yield of 74.0%. Debt of 7.79 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
StoneX Group Inc. 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 Precious Metals Trading 96%, Precious Metals Retail Sales 1%, Commission and Clearing Fees 1% (quarter Q3 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 10 Aug 2026.
| Piotroski F-score | 6 / 9 | ROIC | 1.5% |
|---|---|---|---|
| GLS Moat | 5.9 / 10 | ROE | 12.9% |
| Debt / equity | 7.79 | ROA | 0.7% |
| Free-cash-flow yield | 74.0% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 79: Good
SNEX scores 79 out of 100 on the Wheel Score (Good band, 70-84): it passes all 9 Wheel Trade Filters. How it ranks: value strong, premium strong, moat fair, health good, red flags good, option trading weak, stability good; Option trading (weak) holds it back.
Implied volatility is 48% 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 - 1,322 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 852k shares a day on a market cap of $6.9B, with a beta of 0.63 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded 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 | 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 | 92% below fair value | |
| Premium | Strong | implied volatility 48% | |
| Moat | Fair | moat 5.9/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Good | Red Flags score 80/100 | |
| Option trading | Weak | 220 contracts a day, 1,322 open interest | |
| Stability | Good | beta 0.63, $6.9B 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
The next earnings report is due on 23 Nov 2026 (after the close), 18 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
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 Financial - Capital Markets
The 12 companies below are the closest to StoneX Group Inc. by market cap within the Financial - Capital Markets 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 |
|---|---|---|---|---|---|
| HUT Hut 8 Corp. | 48.94 | - | - | 14Weak | $6.0B |
| XP XP Inc. | 15.17 | 70.40 | +78% | 55Fair | $7.9B |
| WULF TeraWulf Inc. | 11.70 | - | - | 14Weak | $5.8B |
| MKTX MarketAxess Holdings Inc. | 165.61 | 115.27 | -44% | 23Weak | $5.8B |
| RIOT Riot Platforms, Inc. | 15.37 | - | - | 20Weak | $5.8B |
| BGC BGC Group, Inc | 11.27 | 9.43 | -19% | 42Weak | $5.3B |
| MRX Marex Group Limited | 70.34 | 295.28 | +76% | 82Good | $5.1B |
| JEF Jefferies Financial Group Inc. | 51.17 | 141.57 | +64% | 81Good | $9.7B |
| VIRT Virtu Financial, Inc. | 53.03 | 135.83 | +61% | 53Fair | $4.7B |
| GLXY Galaxy Digital | 13.97 | 3,698.44 | +100% | 32Weak | $4.6B |
| MC Moelis & Company | 61.35 | 88.84 | +31% | 81Good | $4.5B |
| SF Stifel Financial Corp | 72.94 | 97.45 | +25% | 79Good | $10.9B |
⚖ Compare SNEX with 7 of them All Financial Services stocks →
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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 SNEX
Is SNEX undervalued right now?
By the GLS models, yes: at 56.83 the stock is 92% below the average fair value of 712.67 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of SNEX and what does it mean?
SNEX scores 79 out of 100 (Good). 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 SNEX?
712.67 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 StoneX Group Inc. report earnings next?
The next earnings report is due on 23 Nov 2026 (after the close), 18 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does SNEX have listed options, and how liquid are they?
Yes. The nightly snapshot found 144 listed contracts with 1,322 open interest across all expiries and implied volatility of 48% 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.