Stock fact sheet · data as of
Voya Financial, Inc. (VOYA): fair value, margin of safety and Wheel Score
Financial Services · Insurance - Life · United States · Value
Is VOYA undervalued?
VOYA has a margin of safety of 38%: the stock closed at 95.12 on 16 Oct 2026 against a GLS average fair value of 154.12. 4 of the 9 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 (27.66) and Payback Time (317.39). 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 VOYA under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for VOYA
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 | 229.43 | +141% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 83.39 | -12% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 217.98 | +129% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 84.55 | -11% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 86.76 | -9% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 269.51 | +183% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 317.39 | +234% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 27.66 | -71% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 70.37 | -26% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -1,764.74 | -1955% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 104.89 | +10% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Voya Financial, Inc. 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. A GLS Moat score of 3.5/10 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 moderate - ROIC 9.3%, ROE 13.2%, ROA 0.4% - with debt at 0.42 times equity and a free-cash-flow yield of 13.8%.
The dividend yield is 1.98% at a payout ratio of 36%; 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 Retirement 42%, Health Solutions 36%, Investment Management 22% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 2/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 9.3% |
|---|---|---|---|
| GLS Moat | 3.5 / 10 | ROE | 13.2% |
| Debt / equity | 0.42 | ROA | 0.4% |
| Free-cash-flow yield | 13.8% | Payout ratio | 36% |
| Institutions | 10 / 10 | Insiders · Congress | 2 · 5 / 10 |
Wheel Score 79: Good
With a Wheel Score of 79 - the Good band - Voya Financial, Inc. clears the Sunday Scan's "70 or higher" rule. The parts: Value 25/25, Health 11/20, Moat 5/15, Premium 20/20, Stability 17/20; Moat (5/15) scores lowest.
Implied volatility is 39% 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 18,816 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 839k shares a day on a market cap of $8.6B, with a beta of 0.89; the Stability part of the Wheel Score gives that 17 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 38% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 5 / 15 | moat 3.5/10 | |
| Premium | 20 / 20 | implied volatility 39% | |
| Stability | 17 / 20 | 839k shares/day, $8.6B cap, beta 0.89 |
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 2 Nov 2026 (after the close), 17 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 Insurance - Life
The 12 companies below are the closest to Voya Financial, Inc. by market cap within the Insurance - Life 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 |
|---|---|---|---|---|---|
| PRI Primerica, Inc. | 278.35 | 434.23 | +36% | 83Prime | $8.6B |
| JXN Jackson Financial Inc. | 131.56 | 304.00 | +57% | 88Prime | $8.9B |
| LNC Lincoln National Corporation | 40.01 | 150.63 | +73% | 80Prime | $7.7B |
| PRH Prudential Financial, Inc. 5.95 | 20.24 | 169.97 | +88% | 39No options | $7.0B |
| PRS Prudential Financial, Inc. 5.62 | 19.89 | 170.44 | +88% | 39No options | $6.9B |
| GL Globe Life Inc. | 167.59 | 263.49 | +36% | 79Good | $12.9B |
| UNMA Unum Group 6.250% JR NT58 | 20.46 | 56.18 | +64% | 39No options | $14.5B |
| UNM Unum Group | 91.46 | 83.14 | -10% | 72Good | $14.5B |
| CNO CNO Financial Group, Inc. | 54.58 | 81.34 | +33% | 82Prime | $5.0B |
| ATHS Athene Holding Ltd. 7.250% Fixe | 23.75 | 119.59 | +80% | 39No options | $4.5B |
| FGN F&G Annuities & Life, Inc. | 23.01 | 204.31 | +89% | 39No options | $4.1B |
| BHFAL Brighthouse Financial, Inc. | 15.14 | 116.33 | +87% | 39No options | $2.8B |
⚖ Compare VOYA 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 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 VOYA
Is VOYA undervalued right now?
By the GLS models, yes: at 95.12 the stock is 38% below the average fair value of 154.12 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of VOYA and what does it mean?
VOYA 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 VOYA?
154.12 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 Voya Financial, Inc. report earnings next?
The next earnings report is due on 2 Nov 2026 (after the close), 17 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does VOYA have listed options, and how liquid are they?
Yes. The nightly snapshot found 308 listed contracts with 18,816 open interest across all expiries and implied volatility of 39% 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.