Stock fact sheet · data as of
Victory Capital Holdings, Inc. (VCTR): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Value
Is VCTR undervalued?
At 106.11 (close of 16 Oct 2026), VCTR trades 18% under the GLS average fair value of 129.53. 5 of the 9 models that produced a value land above the price. A discount of this size counts as a positive margin of safety in every GLS screen; whether it is enough depends on the rest of the picture - the health score, the moat and the option premium below.
There is a wide gap between DDM (29.13) and Payback Time (247.32). 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 VCTR under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for VCTR
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 | 132.05 | +24% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 79.85 | -25% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 176.27 | +66% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 58.62 | -45% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 131.78 | +24% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 228.31 | +115% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 247.32 | +133% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 29.13 | -73% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 82.40 | -22% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -23.77 | -122% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 117.60 | +11% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Victory Capital Holdings, Inc. scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. On durability VCTR scores 5.4/10 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 9.7%, ROE 13.6%, ROA 7.8% - with debt at 0.40 times equity and a free-cash-flow yield of 8.6%.
The dividend yield is 1.87% at a payout ratio of 29%; 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 Investment Management Fees 100% (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 | 7 / 9 | ROIC | 9.7% |
|---|---|---|---|
| GLS Moat | 5.4 / 10 | ROE | 13.6% |
| Debt / equity | 0.40 | ROA | 7.8% |
| Free-cash-flow yield | 8.6% | Payout ratio | 29% |
| Institutions | 10 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 80: Prime
With a Wheel Score of 80, Victory Capital Holdings, Inc. sits in the Prime band - price, quality and premium all line up for the wheel strategy. The parts: Value 20/25, Health 16/20, Moat 8/15, Premium 20/20, Stability 16/20. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.
Implied volatility is 42% 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 2,548 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 640k shares a day on a market cap of $6.5B, with a beta of 1.13; the Stability part of the Wheel Score gives that 16 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 20 / 25 | 18% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 8 / 15 | moat 5.4/10 | |
| Premium | 20 / 20 | implied volatility 42% | |
| Stability | 16 / 20 | 640k shares/day, $6.5B cap, beta 1.13 |
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
The next earnings report is due on 4 Nov 2026 (after the close), 19 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
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 Victory Capital Holdings, Inc. 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.
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| CEF Sprott Physical Gold and Silver Trust | 40.58 | 329.10 | +88% | 39No options | $7.1B |
| VNYTX Vanguard New York Long-Term Tax-Exempt Fund Investor Shares | 10.22 | 5.94 | -72% | 25No options | $5.8B |
| EADOX Eaton Vance Emerging Markets Debt Opportunities - Class A | 8.62 | 7.35 | -17% | 29No options | $5.7B |
| BXSL Blackstone Secured Lending Fund | 24.19 | 39.65 | +39% | 72Good | $5.6B |
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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 same eight-rule screen, 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 VCTR
Is VCTR undervalued right now?
By the GLS models, moderately: at 106.11 the stock trades 18% below the average fair value of 129.53 (data as of 16 Oct 2026).
What is the Wheel Score of VCTR and what does it mean?
VCTR scores 80 out of 100 (Prime). 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 VCTR?
129.53 per share as of 16 Oct 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 Victory Capital Holdings, Inc. report earnings next?
The next earnings report is due on 4 Nov 2026 (after the close), 19 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does VCTR have listed options, and how liquid are they?
Yes. The nightly snapshot found 290 listed contracts with 2,548 open interest across all expiries and implied volatility of 42% 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.