Security Brokers, Dealers & Flotation Companies stocks: intrinsic value, ROIC & growth
21 U.S. security brokers, dealers & flotation companies companies with at least three years of SEC filings, ranked by size. 16 of the 20 with a current price trade below their Graham intrinsic value. The median company earned a 12.2% average return on invested capital and grew revenue 9.7% a year.
Updated October 18, 2026
21companies
16below Graham value
12.2%median 10-yr ROIC
9.7%median revenue CAGR
Most undervalued security brokers, dealers & flotation companies stocks
| Ticker | Company | Upside | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| VIRT | Virtu Financial, Inc. | +200% | $56.84 | $170.40 | 67% below | $4.8B | 12.5% | 57.5% |
| SF | STIFEL FINANCIAL CORP | +189% | $67.56 | $194.98 | 65% below | $7.4B | 14.4% | 4.0% |
| JEF | Jefferies Financial Group Inc. | +110% | $44.80 | $94.00 | 52% below | $10.0B | 6.4% | -7.2% |
| MS | Morgan Stanley | +87% | $180.57 | $337.72 | 47% below | $287.5B | 11.1% | 4.2% |
| RJF | Raymond James Financial | +87% | $156.78 | $292.71 | 46% below | $32.4B | 101.5% | 12.5% |
| GS | Goldman Sachs | +23% | $881.26 | $1,084.76 | 19% below | $279.9B | 10.7% | 2.6% |
| WT | WisdomTree, Inc. | +16% | $21.39 | $24.91 | 14% below | $3.1B | 17.6% | 9.5% |
| SEIC | SEI INVESTMENTS CO | +14% | $104.40 | $119.00 | 12% below | $13.3B | 30.2% | 5.6% |
Highest-ROIC security brokers, dealers & flotation companies stocks
| Ticker | Company | 10-yr ROIC | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| RJF | Raymond James Financial | 101.5% | $156.78 | $292.71 | 46% below | $32.4B | 101.5% | 12.5% |
| SEIC | SEI INVESTMENTS CO | 30.2% | $104.40 | $119.00 | 12% below | $13.3B | 30.2% | 5.6% |
| MKTX | MARKETAXESS HOLDINGS INC | 27.8% | $164.64 | $139.55 | 18% above | $6.1B | 27.8% | 9.7% |
| PIPR | PIPER SANDLER COMPANIES | 19.7% | $64.62 | $525.47 | 88% below | $1.1B | 19.7% | 10.1% |
| WT | WisdomTree, Inc. | 17.6% | $21.39 | $24.91 | 14% below | $3.1B | 17.6% | 9.5% |
| SF | STIFEL FINANCIAL CORP | 14.4% | $67.56 | $194.98 | 65% below | $7.4B | 14.4% | 4.0% |
| VIRT | Virtu Financial, Inc. | 12.5% | $56.84 | $170.40 | 67% below | $4.8B | 12.5% | 57.5% |
| MS | Morgan Stanley | 11.1% | $180.57 | $337.72 | 47% below | $287.5B | 11.1% | 4.2% |
| GS | Goldman Sachs | 10.7% | $881.26 | $1,084.76 | 19% below | $279.9B | 10.7% | 2.6% |
| OPY | OPPENHEIMER HOLDINGS INC | 7.5% | $100.53 | $433.13 | 77% below | $1.1B | 7.5% | 5.8% |
All security brokers, dealers & flotation companies stocks
| Ticker | Company | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|
| MS | Morgan Stanley | $180.57 | $337.72 | 47% below | $287.5B | 11.1% | 4.2% |
| GS | Goldman Sachs | $881.26 | $1,084.76 | 19% below | $279.9B | 10.7% | 2.6% |
| BLK | BlackRock | $1,134.38 | $338.15 | 235% above | $182.5B | 12.6% | 10.7% |
| SCHW | Charles Schwab Corporation | $91.96 | $154.45 | 40% below | $166.4B | -101.3% | 13.8% |
| HOOD | Robinhood Markets | $98.87 | $68.09 | 45% above | $90.8B | 454.1% | 58.9% |
| IBKR | Interactive Brokers | $82.69 | $73.74 | 12% above | $36.7B | -5.6% | 5.8% |
| RJF | Raymond James Financial | $156.78 | $292.71 | 46% below | $32.4B | 101.5% | 12.5% |
| SEIC | SEI INVESTMENTS CO | $104.40 | $119.00 | 12% below | $13.3B | 30.2% | 5.6% |
| JEF | Jefferies Financial Group Inc. | $44.80 | $94.00 | 52% below | $10.0B | 6.4% | -7.2% |
| SF | STIFEL FINANCIAL CORP | $67.56 | $194.98 | 65% below | $7.4B | 14.4% | 4.0% |
| MKTX | MARKETAXESS HOLDINGS INC | $164.64 | $139.55 | 18% above | $6.1B | 27.8% | 9.7% |
| GLXY | Galaxy Digital Inc. | $16.14 | $20.68 | 22% below | $5.9B | 5.0% | 8.1% |
| VIRT | Virtu Financial, Inc. | $56.84 | $170.40 | 67% below | $4.8B | 12.5% | 57.5% |
| WT | WisdomTree, Inc. | $21.39 | $24.91 | 14% below | $3.1B | 17.6% | 9.5% |
| MIAX | MIAMI INTERNATIONAL HOLDINGS, INC. | $30.95 | $44.90 | 31% below | $2.2B | 6.9% | 14.5% |
| PIPR | PIPER SANDLER COMPANIES | $64.62 | $525.47 | 88% below | $1.1B | 19.7% | 10.1% |
| OPY | OPPENHEIMER HOLDINGS INC | $100.53 | $433.13 | 77% below | $1.1B | 7.5% | 5.8% |
| ACGP | Associated Capital Group, Inc. | $31.43 | $69.09 | 55% below | $670.9M | -1.4% | -5.9% |
| SIEB | SIEBERT FINANCIAL CORP | $1.95 | — | — | $78.7M | 12.2% | 21.7% |
| COHN | Cohen & Co Inc. | $10.18 | $144.49 | 93% below | $60.9M | 26.6% | 19.5% |
| DOMH | Dominari Holdings Inc. | $1.96 | $6.98 | 72% below | $28.0M | -56.0% | 73.2% |
Stock lists
Undervalued Stocks Below Graham Intrinsic Value
Highest ROIC Stocks (10-Year Average)
Highest Free Cash Flow Yield Stocks
Fastest-Growing Stocks by 10-Year Revenue