Stock fact sheet · data as of
Aegon Ltd. (AEG): fair value, margin of safety and Wheel Score
Ticker symbol AEG · Financial Services · Insurance - Diversified · Netherlands · ADR · Blend Income
AEG is an American depositary share (ADR): the US listing of Aegon Ltd., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.
Is AEG undervalued?
At 8.58 (close of 5 Nov 2026), AEG trades 15% under the GLS average fair value of 10.13. 3 of the 9 models that produced a value land above the price. A discount of this size counts as a positive margin of safety in every GLS scan; whether it is enough depends on the rest of the picture - the health score, the moat and the option premium below.
There is a wide gap between Lynch (0.1489) and GLS Growth (35.14). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for AEG, so the nightly engine files it under Blend (value score 58, growth score 78, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for AEG
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 | 15.77 | +84% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 9.53 | +11% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 6.27 | -27% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 0.1489 | -98% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 35.14 | +310% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 3.72 | -57% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 5.43 | -37% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 7.19 | -16% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 8.00 | -7% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -215.05 | -2606% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 7.50 | -13% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Aegon Ltd. scores 6 of 9 on the Piotroski F-score: a middling result that passes the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 1.4/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are moderate - ROIC 7.4%, ROE 13.0%, ROA 0.3% - with debt at 0.74 times equity and a free-cash-flow yield of 1.8%.
The dividend yield is high at 5.69% (payout ratio 63%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 24 Sep 2026.
| Piotroski F-score | 6 / 9 | ROIC | 7.4% |
|---|---|---|---|
| GLS Moat | 1.4 / 10 | ROE | 13.0% |
| Debt / equity | 0.74 | ROA | 0.3% |
| Free-cash-flow yield | 1.8% | Payout ratio | 63% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 70: Good
With a Wheel Score of 70 - the Good band - Aegon Ltd. passes all 9 Wheel Trade Filters. How it ranks: value fair, premium strong, moat weak, health good, red flags strong, option trading weak, stability good. Moat (weak) is the part keeping it out of the Prime band.
Implied volatility is 34% on the near-the-money contracts 20-60 days out: enough to pass the 25-80% Wheel Trade Filter, but under the 35-60% sweet spot the score rewards most. Chain open interest is 2,319 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 6.9M shares a day on a market cap of $13.0B, with a beta of 0.62 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Fair | 15% below fair value | |
| Premium | Strong | implied volatility 34% | |
| Moat | Weak | moat 1.4/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Strong | Red Flags score 92/100 | |
| Option trading | Weak | 848 contracts a day, 2,319 open interest | |
| Stability | Good | beta 0.62, $13.0B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for AEG in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Insurance - Diversified
The 12 companies below are the closest to Aegon Ltd. by market cap within the Insurance - Diversified 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 |
|---|---|---|---|---|---|
| AEFC Aegon Funding Company LLC | 17.80 | 22.69 | +22% | 25No options | $13.8B |
| BNT Brookfield Wealth Solutions Ltd. | 43.08 | 55.05 | +22% | 40Weak | $14.3B |
| AXS AXIS Capital Holdings Limited | 107.78 | 470.12 | +77% | 46Weak | $7.7B |
| WTM White Mountains Insurance Group, Ltd. | 2,376.30 | 8,914.92 | +73% | 34No options | $5.7B |
| HIG The Hartford Insurance Group, Inc. | 138.11 | 378.41 | +64% | 73Good | $36.9B |
| ACGLO Arch Capital Group Ltd. | 18.33 | 141.94 | +87% | 39No options | $37.8B |
| ACGLN Arch Capital Group Ltd. | 15.11 | 133.92 | +89% | 39No options | $37.8B |
| ACGL Arch Capital Group Ltd. | 110.68 | 302.58 | +63% | 80Good | $37.8B |
| AIG American International Group, Inc. | 81.71 | 85.67 | +5% | 70Good | $43.3B |
| PFH Prudential Financial, Inc. 4.125% Junior Subordinated Notes due 2060 | 15.42 | 141.40 | +89% | 33No options | $43.7B |
| SLF Sun Life Financial Inc. | 81.98 | 162.88 | +50% | 76Good | $45.6B |
| GNW Genworth Financial, Inc. | 9.19 | 14.89 | +38% | 76Good | $3.5B |
⚖ Compare AEG with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about AEG
Is AEG undervalued right now?
By the GLS models, moderately: at 8.58 the stock trades 15% below the average fair value of 10.13 (data as of 5 Nov 2026).
What is the Wheel Score of AEG and what does it mean?
AEG scores 70 out of 100 (Good). The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for AEG?
10.13 per share as of 5 Nov 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 Aegon Ltd. report earnings next?
No upcoming earnings date is recorded for AEG in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does AEG have listed options, and how liquid are they?
Yes. The nightly snapshot found 18 listed contracts with 2,319 open interest across all expiries and implied volatility of 34% 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.
Is AEG an ADR?
Yes. AEG is an American depositary share (ADR): the US listing of Aegon Ltd., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.