Stock fact sheet · data as of
WaFd, Inc. (WAFD): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Value
Is WAFD undervalued?
WaFd, Inc. (WAFD) closed at 28.91 on 16 Oct 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 40.88, so the price sits 29% below it. 6 of the 9 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.
The 9 models disagree widely: GLS Growth gives 3.59 while 10 Cap gives 84.10. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files WAFD under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for WAFD
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 | 41.15 | +42% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 56.51 | +95% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 59.33 | +105% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 15.59 | -46% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 3.59 | -88% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 84.10 | +191% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 53.19 | +84% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 15.89 | -45% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 38.56 | +33% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -272.61 | -1043% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 36.00 | +25% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - WAFD passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 5.0 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.
Returns on capital are thin or negative - ROIC 4.7%, ROE 7.4%, ROA 0.8% - with debt at 0.60 times equity and a free-cash-flow yield of 10.6%.
The dividend yield is 3.74% at a payout ratio of 37%; 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 Deposit Account 100% (quarter Q2 FY2020).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 4.7% |
|---|---|---|---|
| GLS Moat | 5.0 / 10 | ROE | 7.4% |
| Debt / equity | 0.60 | ROA | 0.8% |
| Free-cash-flow yield | 10.6% | Payout ratio | 37% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 79: Good
WAFD scores 79 out of 100 on the Wheel Score (Good band, 65-79). The score blends the margin of safety (Value, 25/25), Piotroski health (13/20), the GLS moat (8/15), the option premium on offer (18/20) and how easily the stock trades (15/20). Moat (8/15) is the part holding the score back.
Implied volatility is 68% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (18 of 20) because volatility this high usually comes with a reason. Chain open interest is thin - 255 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 974k shares a day on a market cap of $2.1B, with a beta of 0.88; the Stability part of the Wheel Score gives that 15 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 29% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 8 / 15 | moat 5.0/10 | |
| Premium | 18 / 20 | implied volatility 68% | |
| Stability | 15 / 20 | 974k shares/day, $2.1B 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
No upcoming earnings date is recorded for WAFD in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to WaFd, Inc. by market cap within the Banks - Regional 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 |
|---|---|---|---|---|---|
| WAFDP WaFd, Inc. | 14.90 | 33.53 | +56% | 39No options | $2.1B |
| EFSCP Enterprise Financial Services Corp | 15.78 | 48.37 | +67% | 39No options | $2.1B |
| EFSC Enterprise Financial Services Corp | 59.27 | 80.50 | +26% | 82Prime | $2.1B |
| HTH Hilltop Holdings Inc. | 36.77 | 25.00 | -47% | 50Fair | $2.1B |
| NWBI Northwest Bancshares, Inc. | 14.89 | 13.04 | -14% | 61Fair | $2.2B |
| OFG OFG Bancorp | 52.13 | 66.55 | +22% | 76Good | $2.2B |
| FCF First Commonwealth Financial Corporation | 20.22 | 27.00 | +25% | 82Prime | $2.0B |
| MBIN Merchants Bancorp | 48.95 | 125.01 | +61% | 68Good | $2.2B |
| MBINM Merchants Bancorp | 24.92 | 94.16 | +74% | 39No options | $2.3B |
| SRCE 1st Source Corporation | 84.33 | 103.75 | +19% | 75Good | $2.0B |
| MBINL Merchants Bancorp | 23.14 | 91.88 | +75% | 39No options | $2.3B |
| MBINN Merchants Bancorp | 18.97 | 86.53 | +78% | 39No options | $2.3B |
⚖ Compare WAFD with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about WAFD
Is WAFD undervalued right now?
By the GLS models, moderately: at 28.91 the stock trades 29% below the average fair value of 40.88 (data as of 16 Oct 2026).
What is the Wheel Score of WAFD and what does it mean?
WAFD 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 WAFD?
40.88 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 WaFd, Inc. report earnings next?
No upcoming earnings date is recorded for WAFD in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does WAFD have listed options, and how liquid are they?
Yes. The nightly snapshot found 92 listed contracts with 255 open interest across all expiries and implied volatility of 68% 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.