Educational use only — not investment advice. "Undervalued / fairly valued / overvalued" and every risk score reflect our models vs. price, which can be wrong or based on stale or incomplete data. Always review the company's own financials and SEC filings, and consult a licensed advisor, before acting.
AXG
Deeply undervalued
Solowin Holdings, Ltd.
Price$0.09
Model IV$0.71
P/IV2.29
Discount 88%
Return to IV: +721.6%
Market implies -43.8%/yr
vs model +50.0% · below model
BLK
Deeply overvalued
BlackRock, Inc.
Price$1,065.35
Model IV$386.23
P/IV2.81
Premium +176%
Return to IV: -63.7%
Market implies +23.0%/yr
vs model +11.2% · above model
BULL
Deeply undervalued
Webull Corp
Price$5.95
Model IV$8.51
P/IV0.95
Discount 30%
Return to IV: +43.0%
Market implies -1.0%/yr
vs model +5.7% · below model
BULLW
Deeply undervalued
Webull Corp
Price$1.42
Model IV$7.91
P/IV0.34
Discount 82%
Return to IV: +457.3%
Market implies -30.9%/yr
vs model +5.7% · below model
COHN
Deeply undervalued
Cohen & Co Inc.
Price$10.77
Model IV$26.69
P/IV0.41
Discount 60%
Return to IV: +147.8%
Market implies -4.3%/yr
vs model +14.4% · below model
CSHR
Valuation N/A
CoinShares PLC
Price$4.63
Model IV—
P/IV—
Limited data — see page
CSHRW
Valuation N/A
CoinShares PLC
Price$0.78
Model IV—
P/IV—
Limited data — see page
DOMH
Deeply undervalued
Dominari Holdings Inc.
Price$2.15
Model IV$4.40
P/IV0.84
Discount 51%
Return to IV: +104.8%
Market implies -9.2%/yr
vs model +15.0% · below model
ETOR
Valuation N/A
eToro Group Ltd.
Price$25.26
Model IV—
P/IV—
Limited data — see page
FRHC
Deeply undervalued
Freedom Holding Corp.
Price$166.70
Model IV$570.03
P/IV0.25
Discount 71%
Return to IV: +241.9%
Market implies -7.7%/yr
vs model +12.0% · below model
FUTU
Deeply overvalued
Futu Holdings Ltd
Price$108.76
Model IV$58.34
P/IV1.78
Premium +86%
Return to IV: -46.4%
Market implies +28.1%/yr
vs model +24.1% · above model
GLXY
Deeply undervalued
Galaxy Digital Inc.
Price$20.09
Model IV$79.80
P/IV0.37
Discount 75%
Return to IV: +297.3%
Market implies -26.1%/yr
vs model +8.1% · below model
GS
Valuation N/A
GOLDMAN SACHS GROUP INC
Price$882.59
Model IV—
P/IV—
Market implies +150.0%/yr
HOOD
Deeply overvalued
Robinhood Markets, Inc.
Price$107.01
Model IV$26.74
P/IV3.53
Premium +300%
Return to IV: -75.0%
Market implies +37.1%/yr
vs model +20.1% · above model
IBKR
Deeply undervalued
Interactive Brokers Group, Inc.
Price$86.47
Model IV$299.49
P/IV0.29
Discount 71%
Return to IV: +246.4%
Market implies -11.5%/yr
vs model +10.6% · below model
JEF
Valuation N/A
Jefferies Financial Group Inc.
Price$44.40
Model IV—
P/IV—
Market implies +93.1%/yr
JSM
Deeply undervalued
NAVIENT CORP
Price$16.67
Model IV$35.07
P/IV0.52
Discount 52%
Return to IV: +110.4%
Market implies -19.6%/yr
vs model -6.8% · below model
LGHL
Valuation N/A
Lion Group Holding Ltd
Price$3.29
Model IV—
P/IV—
Limited data — see page
MIAX
Undervalued
MIAMI INTERNATIONAL HOLDINGS, INC.
Price$30.70
Model IV$37.89
P/IV1.25
Discount 19%
Return to IV: +23.4%
Market implies +7.1%/yr
vs model +12.5% · below model
MKTX
Deeply undervalued
MARKETAXESS HOLDINGS INC
Price$164.31
Model IV$256.54
P/IV0.51
Discount 36%
Return to IV: +56.1%
Market implies 0.0%/yr
vs model +6.5% · below model
MS
Valuation N/A
MORGAN STANLEY
Price$187.44
Model IV—
P/IV—
Market implies +123.5%/yr
NAVI
Deeply undervalued
NAVIENT CORP
Price$9.27
Model IV$28.51
P/IV0.30
Discount 67%
Return to IV: +207.6%
Market implies -27.3%/yr
vs model -6.8% · below model
NMR
Valuation N/A
NOMURA HOLDINGS INC
Price$9.54
Model IV—
P/IV—
Limited data — see page
OPY
Deeply undervalued
OPPENHEIMER HOLDINGS INC
Price$116.44
Model IV$218.33
P/IV0.42
Discount 47%
Return to IV: +87.5%
Market implies -3.9%/yr
vs model +7.0% · below model
PIPR
Deeply undervalued
PIPER SANDLER COMPANIES
Price$64.38
Model IV$271.38
P/IV0.29
Discount 76%
Return to IV: +321.5%
Market implies -22.0%/yr
vs model +3.0% · below model
RJF
Undervalued
RAYMOND JAMES FINANCIAL INC
Price$158.60
Model IV$223.82
P/IV0.64
Discount 29%
Return to IV: +41.1%
Market implies +4.6%/yr
vs model +11.8% · below model
SCHW
Fairly valued
SCHWAB CHARLES CORP
Price$96.87
Model IV$87.14
P/IV1.14
Premium +11%
Return to IV: -10.0%
Market implies +7.6%/yr
vs model +7.6% · in line
SEIC
Fairly valued
SEI INVESTMENTS CO
Price$103.25
Model IV$91.74
P/IV1.14
Premium +13%
Return to IV: -11.1%
Market implies +7.4%/yr
vs model +7.0% · in line
SF
Deeply undervalued
STIFEL FINANCIAL CORP
Price$70.11
Model IV$160.33
P/IV0.45
Discount 56%
Return to IV: +128.7%
Market implies -4.9%/yr
vs model +7.8% · below model
SFB
Deeply undervalued
STIFEL FINANCIAL CORP
Price$18.16
Model IV$187.66
P/IV0.10
Discount 90%
Return to IV: +933.4%
Market implies -27.8%/yr
vs model +7.8% · below model
SIEB
Undervalued
SIEBERT FINANCIAL CORP
Price$2.22
Model IV$2.69
P/IV0.81
Discount 18%
Return to IV: +21.4%
Market implies +2.4%/yr
vs model +9.3% · below model
TIGR
Deeply undervalued
UP Fintech Holding Ltd
Price$4.32
Model IV$66.19
P/IV0.07
Discount 93%
Return to IV: +1,432.1%
Market implies -40.6%/yr
vs model +11.9% · below model
UGLD
Valuation N/A
UGLD
Price$19.50
Model IV—
P/IV—
Limited data — see page
USLV
Valuation N/A
USLV
Price$13.04
Model IV—
P/IV—
Limited data — see page
VIRT
Deeply undervalued
Virtu Financial, Inc.
Price$57.81
Model IV$115.39
P/IV0.43
Discount 50%
Return to IV: +99.6%
Market implies -3.1%/yr
vs model +7.0% · below model
WT
Deeply overvalued
WisdomTree, Inc.
Price$22.68
Model IV$14.89
P/IV1.28
Premium +52%
Return to IV: -34.3%
Market implies +15.1%/yr
vs model +11.4% · above model
XP
Valuation N/A
XP Inc.
Price$30.21
Model IV—
P/IV—
Limited data — see page