Stock fact sheet · data as of
Virtu Financial, Inc. (VIRT): fair value, margin of safety and Wheel Score
Ticker symbol VIRT · Financial Services · Financial - Capital Markets · United States · Class A common stock · Blend
VIRT is Virtu Financial, Inc.'s Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is VIRT undervalued?
VIRT has a margin of safety of 61%: the stock closed at 53.03 on 5 Nov 2026 against a GLS average fair value of 135.83. 7 of the 9 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.
There is a wide gap between DDM (14.13) and DCF (505.51). 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, neither cheapness nor growth clearly wins for VIRT, so the nightly engine files it under Blend (value score 68, growth score 70, out of 100).
Nine valuation models for VIRT
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 | 505.51 | +853% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 61.64 | +16% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 96.79 | +83% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 16.05 | -70% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 175.22 | +230% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 129.77 | +145% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 135.93 | +156% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 14.13 | -73% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 87.43 | +65% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -169.79 | -420% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 63.00 | +19% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Virtu Financial, Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. 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 VIRT scores 6.3/10 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 thin or negative - ROIC 4.4%, ROE 29.6%, ROA 2.3% - with debt at 5.67 times equity and a free-cash-flow yield of 8.7%. Debt of 5.67 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.
The dividend yield is 1.81% at a payout ratio of 54%; 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 Other Sources 85%, Commissions, Net 12%, Workflow Technology 2% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 4.4% |
|---|---|---|---|
| GLS Moat | 6.3 / 10 | ROE | 29.6% |
| Debt / equity | 5.67 | ROA | 2.3% |
| Free-cash-flow yield | 8.7% | Payout ratio | 54% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 53: Fair
A Wheel Score of 53 keeps Virtu Financial, Inc. under 70, the mark only a stock that passes all 9 Wheel Trade Filters can reach: it fails filter 4, financially healthy - Piotroski 5/9 (under 6). The parts: value strong, premium strong, moat good, health fair, red flags good, option trading fair, stability good.
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 8,342 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 1.1M shares a day on a market cap of $4.7B, with a beta of 0.67 - 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 | Fails | Piotroski 5/9 (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 | 61% below fair value | |
| Premium | Strong | implied volatility 48% | |
| Moat | Good | moat 6.3/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Good | Red Flags score 85/100 | |
| Option trading | Fair | 4,076 contracts a day, 8,342 open interest | |
| Stability | Good | beta 0.67, $4.7B 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
Virtu Financial, Inc. reports earnings on 5 Nov 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.
Analysts upgraded VIRT 1 time in the last 30 days with no downgrades; the latest action was an upgrade by Evercore ISI on 5 Oct 2026.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
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| BGC BGC Group, Inc | 11.27 | 9.43 | -19% | 42Weak | $5.3B |
| LAZ Lazard Inc | 40.66 | 61.04 | +33% | 81Good | $4.0B |
| RIOT Riot Platforms, Inc. | 15.37 | - | - | 20Weak | $5.8B |
| MKTX MarketAxess Holdings Inc. | 165.61 | 115.27 | -44% | 23Weak | $5.8B |
| WULF TeraWulf Inc. | 11.70 | - | - | 14Weak | $5.8B |
| HUT Hut 8 Corp. | 48.94 | - | - | 14Weak | $6.0B |
| MIAX Miami International Holdings, Inc. | 34.97 | 63.05 | +45% | 48Weak | $3.5B |
| LTSAP Osaic Financial Services, Inc. | 18.70 | 49.53 | +62% | 31No options | $3.3B |
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Start free See the Sunday ScanQuestions about VIRT
What kind of share is VIRT?
VIRT is Virtu Financial, Inc.'s Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is VIRT undervalued right now?
By the GLS models, yes: at 53.03 the stock is 61% below the average fair value of 135.83 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of VIRT and what does it mean?
VIRT scores 53 out of 100 (Fair) - it fails Wheel Trade Filter 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 VIRT?
135.83 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 Virtu Financial, Inc. report earnings next?
The next earnings report is due on 5 Nov 2026 (before the open), 0 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does VIRT have listed options, and how liquid are they?
Yes. The nightly snapshot found 40 listed contracts with 8,342 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.