Siebert Financial Corp. Common Stock (SIEB)

FairStock Score: 39/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Siebert as a small capital-markets firm, not a bank. The business is a brokerage and advisory operation with 166 employees, competing in self-directed trading, market making, stock borrow/loan, and wealth management. That is a crowded field; I see no evidence of a durable moat. The numbers show why. In fiscal 2025, the year ended 2025-12-31, revenue was $57.4M but net income was $5.1M, down from $13.3M in fiscal 2024 and $7.8M in fiscal 2023. More recently, fiscal Q1 2026, ended 2026-03-31, produced revenue of $23.5M and a net loss of $2.0M; fiscal Q2 2026, ended 2026-06-30, produced revenue of $31.2M and a net loss of $326,000, or diluted EPS of -$0.01. Revenue is growing, but profits are not consistent. FairStock calculations at the 2026-10-13 close of $2.09 show a price-to-book of 0.97, a negative P/E of -69.67, ROE of -1.25%, ROCE of -0.15%, and debt-to-equity of 7.01. The Piotroski F-Score is 3/9, and the FairStock Score is 39/100. The Lynch category is TURNAROUND, since it returned to profit after a loss within the last three years, but the path is bumpy. Price near book might interest a bargain hunter, but near-book is not enough when returns on equity are negative and leverage is high. For a financial firm I would want CET1, net interest margin, or combined ratio; those are not in the data. I would also want net capital, liquidity, and credit/underwriting risk details, which are likewise absent. This is a speculative turnaround, not a safe compounding machine.

In plain English: Siebert is a small brokerage and financial advisory firm. Its profits have been uneven, with recent quarterly losses and weaker yearly profit even as revenue grew. At $2.09, the stock trades near its accounting value, which looks fair rather than clearly cheap given the weak recent earnings.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K/A (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer