Stock fact sheet · data as of
State Street Corporation (STT): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Value
Is STT undervalued?
STT has a margin of safety of 33%: the stock closed at 166.89 on 16 Oct 2026 against a GLS average fair value of 250.45. 5 of the 7 valuation models that produced a number sit above the price. Our screens 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.
There is a wide gap between DDM (50.62) and DCF (552.28). 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.
The nightly engine files STT under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for STT
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 | 552.28 | +231% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 177.95 | +7% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 466.33 | +179% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 181.34 | +9% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 175.28 | +5% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 50.62 | -70% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 149.33 | -11% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -539.14 | -423% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 183.55 | +10% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
State Street Corporation scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of 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. On durability STT scores 5.7/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are moderate - ROIC 5.1%, ROE 10.6%, ROA 0.8% - with debt at 1.07 times equity and negative free cash flow.
The dividend yield is 2.06% at a payout ratio of 31%; 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 Servicing fees 37%, Net interest income 22%, Management fees 19% (quarter Q1 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 1/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 5.1% |
|---|---|---|---|
| GLS Moat | 5.7 / 10 | ROE | 10.6% |
| Debt / equity | 1.07 | ROA | 0.8% |
| Free-cash-flow yield | -11.2% | Payout ratio | 31% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 1 / 10 |
Wheel Score 79: Good
With a Wheel Score of 79 - the Good band - State Street Corporation clears the Sunday Scan's "70 or higher" rule. The parts: Value 25/25, Health 11/20, Moat 9/15, Premium 15/20, Stability 19/20; Health (11/20) scores lowest.
Implied volatility is 30% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (15 of 20 points). Chain open interest is 37,285 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 5.9M shares a day on a market cap of $45.8B, with a beta of 1.42 - 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 19 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 33% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 9 / 15 | moat 5.7/10 | |
| Premium | 15 / 20 | implied volatility 30% | |
| Stability | 19 / 20 | 5.9M shares/day, $45.8B cap, beta 1.42 |
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
State Street Corporation reports earnings on 16 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 Asset Management
The 12 companies below are the closest to State Street Corporation by market cap within the Asset Management 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 |
|---|---|---|---|---|---|
| AMP Ameriprise Financial, Inc. | 502.58 | 1,255.06 | +60% | 85Prime | $44.4B |
| RNNEX American Funds The New Economy Fund Class R-2E | 79.19 | 49.06 | -61% | 39No options | $48.9B |
| ARES Ares Management Corporation | 114.03 | 89.83 | -27% | 60Fair | $37.4B |
| FFFEX Fidelity Freedom 2030 Fund | 20.44 | 76.52 | +73% | 39No options | $33.7B |
| FFTHX Fidelity Freedom 2035 Fund | 18.75 | 16.33 | -15% | 33No options | $33.5B |
| APOS Apollo Global Management, Inc. | 25.26 | 114.73 | +78% | 39No options | $66.0B |
| APO Apollo Global Management, Inc. | 111.87 | 180.72 | +38% | 85Prime | $66.1B |
| JUEZX JPMorgan U.S. Equity Fund Class R2 | 27.85 | 127.21 | +78% | 39No options | $31.0B |
| JMUEX JPMorgan U.S. Equity Fund | 28.60 | 763.72 | +96% | 39No options | $31.0B |
| JUESX JPMorgan U.S. Equity Fund Class I | 28.51 | 130.70 | +78% | 39No options | $31.0B |
| SATA Strive Inc. Perp. Pfd. Series A | 97.67 | - | - | 45Weak | $68.2B |
| NTRS Northern Trust Corporation | 165.44 | 244.05 | +32% | 85Prime | $30.3B |
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Start free See the Sunday ScanQuestions about STT
Is STT undervalued right now?
By the GLS models, yes: at 166.89 the stock is 33% below the average fair value of 250.45 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of STT and what does it mean?
STT scores 79 out of 100 (Good). 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 STT?
250.45 per share as of 16 Oct 2026 - the simple average of the 7 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 State Street Corporation report earnings next?
The next earnings report is due on 16 Oct 2026 (before the open), 0 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does STT have listed options, and how liquid are they?
Yes. The nightly snapshot found 662 listed contracts with 37,285 open interest across all expiries and implied volatility of 30% 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.