Stock fact sheet · data as of
Thryv Holdings, Inc. (THRY): fair value, margin of safety and Wheel Score
Technology · Software - Application · United States · Speculative / Distressed
Is THRY undervalued?
THRY has a margin of safety of 94%: the stock closed at 1.23 on 16 Oct 2026 against a GLS average fair value of 19.95. 2 of the 2 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.
The average is built from just 2 models (DCF, 10 Cap) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files THRY under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for THRY
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 | 5.97 | +385% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 33.93 | +2659% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -6.56 | -633% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 3.00 | +144% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Thryv Holdings, Inc. scores only 3 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. 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. A GLS Moat score of 1.7/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 0.1%, ROE 0.1%, ROA 0.0% - with debt at 1.18 times equity and a free-cash-flow yield of 96.7%.
Thryv Holdings, 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 Software As A Service 76%, Marketing Services 24% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | 0.1% |
|---|---|---|---|
| GLS Moat | 1.7 / 10 | ROE | 0.1% |
| Debt / equity | 1.18 | ROA | 0.0% |
| Free-cash-flow yield | 96.7% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 45: Weak
With a Wheel Score of 45 Thryv Holdings, Inc. sits in the Weak band, capped at 45 because the engine files it as Speculative / Distressed. The parts - Value 25/25, Health 7/20, Moat 3/15, Premium 5/20, Stability 10/20 - show where: Moat (3/15) scores lowest.
Implied volatility is 178%, far above the range the wheel strategy is built for. The premium looks generous; the Wheel Score gives it only 5 of 20 Premium points because moves of that size can blow through any strike. Chain open interest is thin - 1,557 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 487k shares a day on a market cap of $55M, with a beta of 0.88; the Stability part of the Wheel Score gives that 10 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 94% margin of safety | |
| Health | 7 / 20 | Piotroski 3/9 | |
| Moat | 3 / 15 | moat 1.7/10 | |
| Premium | 5 / 20 | implied volatility 178% | |
| Stability | 10 / 20 | 487k shares/day, $55M cap, beta 0.88 |
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
Thryv Holdings, Inc. reports earnings on 29 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 Software - Application
The 12 companies below are the closest to Thryv Holdings, Inc. by market cap within the Software - Application 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 |
|---|---|---|---|---|---|
| NRDY Nerdy, Inc. | 6.77 | - | - | 27Weak | $58M |
| SCOR comScore Inc. | 3.82 | 58.47 | +93% | 39No options | $58M |
| DGNX Diginex Limited | 1.16 | - | - | 31Weak | $58M |
| FRMM Forum Markets, Incorporated | 3.77 | - | - | 35Weak | $50M |
| JG Aurora Mobile Limited | 7.90 | 35.62 | +78% | 39No options | $47M |
| REKR Rekor Systems, Inc. | 0.3381 | - | - | 39Weak | $47M |
| IDN Intellicheck, Inc. | 2.24 | 1.86 | -20% | 37Weak | $45M |
| RSSS Research Solutions, Inc. | 1.96 | 3.78 | +48% | 39No options | $66M |
| SOGP Sound Group Inc. | 10.46 | 393.22 | +97% | 45Weak | $44M |
| RPMT Rego Payment Architectures, Inc. | 0.5220 | - | - | 28No options | $71M |
| PHUN Phunware, Inc. | 2.04 | 4.37 | +53% | 39Weak | $42M |
| ROC Rank One Computing Corp. | 3.82 | - | - | 23No options | $73M |
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Start free See the Sunday ScanQuestions about THRY
Is THRY undervalued right now?
By the GLS models, yes: at 1.23 the stock is 94% below the average fair value of 19.95 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of THRY and what does it mean?
THRY scores 45 out of 100 (Weak). 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 THRY?
19.95 per share as of 16 Oct 2026 - the simple average of the 2 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 Thryv Holdings, Inc. report earnings next?
The next earnings report is due on 29 Oct 2026 (before the open), 13 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does THRY have listed options, and how liquid are they?
Yes. The nightly snapshot found 30 listed contracts with 1,557 open interest across all expiries and implied volatility of 178% 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.