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
Valuation N/A
Solowin Holdings, Ltd.
Price$2.60
Model IV—
P/IV—
Market implies +52.0%/yr
vs model +2.0% · above model
BLK
Deeply overvalued
BlackRock, Inc.
Price$1,182.84
Model IV$344.49
P/IV3.04
Premium +243%
Return to IV: -70.9%
Market implies +25.2%/yr
vs model +9.9% · above model
BULL
Deeply undervalued
Webull Corp
Price$7.95
Model IV$11.56
P/IV0.55
Discount 31%
Return to IV: +45.4%
Market implies +3.8%/yr
vs model +12.0% · below model
BULLW
Valuation N/A
Webull Corp
Price$2.50
Model IV—
P/IV—
Limited data — see page
COHN
Deeply undervalued
Cohen & Co Inc.
Price$12.40
Model IV$26.69
P/IV0.41
Discount 54%
Return to IV: +115.2%
Market implies -2.4%/yr
vs model +14.4% · below model
CSHR
Valuation N/A
CoinShares PLC
Price$5.22
Model IV—
P/IV—
Limited data — see page
CSHRW
Valuation N/A
CoinShares PLC
Price$0.70
Model IV—
P/IV—
Limited data — see page
DOMH
Deeply undervalued
Dominari Holdings Inc.
Price$2.90
Model IV$4.40
P/IV0.84
Discount 34%
Return to IV: +51.8%
Market implies -3.8%/yr
vs model +15.0% · below model
ETOR
Valuation N/A
eToro Group Ltd.
Price$28.12
Model IV—
P/IV—
Limited data — see page
FRHC
Deeply undervalued
Freedom Holding Corp.
Price$146.45
Model IV$570.03
P/IV0.25
Discount 74%
Return to IV: +289.2%
Market implies -9.7%/yr
vs model +12.0% · below model
FUTU
Deeply overvalued
Futu Holdings Ltd
Price$104.60
Model IV$58.34
P/IV1.78
Premium +79%
Return to IV: -44.2%
Market implies +27.5%/yr
vs model +24.1% · above model
GLDI
Valuation N/A
CREDIT SUISSE AG
Price$148.84
Model IV—
P/IV—
Limited data — see page
GLXY
Deeply undervalued
Galaxy Digital Inc.
Price$20.17
Model IV$79.80
P/IV0.37
Discount 75%
Return to IV: +295.6%
Market implies -26.0%/yr
vs model +8.1% · below model
GS
Valuation N/A
GOLDMAN SACHS GROUP INC
Price$1,039.42
Model IV—
P/IV—
Market implies +57.2%/yr
vs model +2.0% · above model
HOOD
Deeply overvalued
Robinhood Markets, Inc.
Price$99.37
Model IV$26.74
P/IV3.53
Premium +272%
Return to IV: -73.1%
Market implies +36.0%/yr
vs model +20.1% · above model
IBKR
Deeply undervalued
Interactive Brokers Group, Inc.
Price$91.42
Model IV$299.49
P/IV0.29
Discount 69%
Return to IV: +227.6%
Market implies -10.5%/yr
vs model +10.6% · below model
JEF
Valuation N/A
Jefferies Financial Group Inc.
Price$55.86
Model IV—
P/IV—
Market implies +68.3%/yr
vs model +2.0% · above model
JSM
Deeply undervalued
NAVIENT CORP
Price$17.76
Model IV$35.07
P/IV0.52
Discount 49%
Return to IV: +97.5%
Market implies -18.6%/yr
vs model -6.8% · below model
LGHL
Valuation N/A
Lion Group Holding Ltd
Price$0.81
Model IV—
P/IV—
Limited data — see page
MIAX
Fairly valued
MIAMI INTERNATIONAL HOLDINGS, INC.
Price$43.52
Model IV$37.89
P/IV1.25
Premium +15%
Return to IV: -12.9%
Market implies +11.5%/yr
vs model +12.5% · in line
MKTX
Deeply undervalued
MARKETAXESS HOLDINGS INC
Price$162.57
Model IV$256.54
P/IV0.51
Discount 37%
Return to IV: +57.8%
Market implies -0.2%/yr
vs model +6.5% · below model
MS
Valuation N/A
MORGAN STANLEY
Price$217.36
Model IV—
P/IV—
Market implies +35.9%/yr
vs model +4.3% · above model
NAVI
Deeply undervalued
NAVIENT CORP
Price$9.24
Model IV$28.51
P/IV0.30
Discount 68%
Return to IV: +208.6%
Market implies -27.4%/yr
vs model -6.8% · below model
NMR
Valuation N/A
NOMURA HOLDINGS INC
Price$10.00
Model IV—
P/IV—
Limited data — see page
OPY
Deeply undervalued
OPPENHEIMER HOLDINGS INC
Price$113.15
Model IV$218.33
P/IV0.42
Discount 48%
Return to IV: +93.0%
Market implies -4.3%/yr
vs model +7.0% · below model
PIPR
Deeply undervalued
PIPER SANDLER COMPANIES
Price$75.24
Model IV$271.38
P/IV0.29
Discount 72%
Return to IV: +260.7%
Market implies -18.9%/yr
vs model +3.0% · below model
RJF
Undervalued
RAYMOND JAMES FINANCIAL INC
Price$180.99
Model IV$223.82
P/IV0.64
Discount 19%
Return to IV: +23.7%
Market implies +6.4%/yr
vs model +11.8% · below model
SCHW
Fairly valued
SCHWAB CHARLES CORP
Price$110.58
Model IV$107.79
P/IV0.23
Premium +3%
Return to IV: -2.5%
Market implies +7.0%/yr
vs model +8.2% · in line
SEIC
Fairly valued
SEI INVESTMENTS CO
Price$106.39
Model IV$93.18
P/IV0.94
Premium +14%
Return to IV: -12.4%
Market implies +8.9%/yr
vs model +8.6% · in line
SF
Fairly valued
STIFEL FINANCIAL CORP
Price$85.62
Model IV$75.39
P/IV0.93
Premium +14%
Return to IV: -11.9%
Market implies +1.9%/yr
vs model +0.2% · in line
SFB
Deeply undervalued
STIFEL FINANCIAL CORP
Price$19.66
Model IV$108.45
P/IV0.18
Discount 82%
Return to IV: +451.6%
Market implies -26.4%/yr
vs model +0.2% · below model
SIEB
Deeply overvalued
SIEBERT FINANCIAL CORP
Price$1.90
Model IV$1.33
P/IV1.40
Premium +43%
Return to IV: -30.2%
Market implies +1.3%/yr
vs model -0.4% · in line
SLVO
Valuation N/A
CREDIT SUISSE AG
Price$69.20
Model IV—
P/IV—
Limited data — see page
TIGR
Fairly valued
UP Fintech Holding Ltd
Price$4.60
Model IV$4.62
P/IV1.11
Discount 0%
Return to IV: +0.4%
Market implies +14.7%/yr
vs model +18.7% · below model
UGLD
Valuation N/A
UGLD
Price$22.58
Model IV—
P/IV—
Limited data — see page
USLV
Valuation N/A
USLV
Price$16.26
Model IV—
P/IV—
Limited data — see page
USOI
Valuation N/A
CREDIT SUISSE AG
Price$45.68
Model IV—
P/IV—
Limited data — see page
VIRT
Deeply undervalued
Virtu Financial, Inc.
Price$60.02
Model IV$115.39
P/IV0.43
Discount 48%
Return to IV: +92.3%
Market implies -2.6%/yr
vs model +7.0% · below model
WT
Deeply overvalued
WisdomTree, Inc.
Price$22.70
Model IV$14.89
P/IV1.28
Premium +52%
Return to IV: -34.4%
Market implies +15.2%/yr
vs model +11.4% · above model
XP
Valuation N/A
XP Inc.
Price$15.82
Model IV—
P/IV—
Limited data — see page