Stock fact sheet · data as of

American Funds The Income Fund of America Class A (AMECX): fair value, margin of safety and Wheel Score

Financial Services · Asset Management - Income · United States · Speculative / Distressed

Close27.63
GLS fair value38.211 of 9 models
Margin of safety+28%price below fair value
Wheel Score39No optionscapped: no options
Health2/9Piotroski F-score
Moat4.8/10GLS 10-year score
Market cap$143.8B
Implied vol.-no listed options
P/E-EPS 0.00
Dividend yield9.40%payout 35%
Beta0.83about the market
Next earnings-no date recorded

Is AMECX undervalued?

American Funds The Income Fund of America Class A (AMECX) closed at 27.63 on 16 Oct 2026. The GLS average fair value - the simple average of the 1 valuation models that produced a positive number - is 38.21, so the price sits 28% below it. 1 of the 1 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.

Only 1 of the nine models produced a value (DDM); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.

The nightly engine files AMECX under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.

Nine valuation models for AMECX

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.

ModelValuevs priceWhat it measures
DCF--Present value of the projected free cash flows, discounted at the cost of capital; no value tonight
Graham Number--The most a defensive investor pays for the earnings and book value per share; no value tonight
Graham Growth--Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight
Lynch--EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight
GLS Growth--EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight
10 Cap--Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight
Payback Time--Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight
DDM38.21+38%Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend
EPV--Earnings power value: current EPS capitalised at 9% with no growth; no value tonight
Zombie (liquidation)-515.43-1965%Current assets less all liabilities, per share: the balance-sheet floor. Not in the average
Wall St target0.0000-100%Analysts' average 12-month price target. Not in the average

Quality and financial health

Financial health is weak: AMECX passes 2 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 4.8 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.

Returns on capital are thin or negative - ROIC 4.9%, ROE 9.2%, ROA 0.8% - with debt at 0.87 times equity and negative free cash flow.

The dividend yield is high at 9.40% (payout ratio 35%). 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 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.

Piotroski F-score2 / 9ROIC4.9%
GLS Moat4.8 / 10ROE9.2%
Debt / equity0.87ROA0.8%
Free-cash-flow yield-6.1%Payout ratio35%
Institutions5 / 10Insiders · Congress5 · 5 / 10

Wheel Score 39: No options

AMECX has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.

Volume runs at - a day on a market cap of $143.8B, with a beta of 0.83; the Stability part of the Wheel Score gives that 12 of 20.

PartPointsFrom
Value24 / 2528% margin of safety
Health4 / 20Piotroski 2/9
Moat7 / 15moat 4.8/10
Premium0 / 20no option data
Stability12 / 200k shares/day, $143.8B cap, beta 0.83

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.

Upcoming events

No upcoming earnings date is recorded for AMECX in the nightly calendar.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

Similar stocks in Asset Management - Income

The 12 companies below are the closest to American Funds The Income Fund of America Class A by market cap within the Asset Management - Income industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.

StockCloseFair valueMoSWheelMkt cap
IFAFX
The Income Fund of America, Class F-1 Shares
27.5137.92+27%39No options$144.0B
AHTFX
American Funds High-Income Trust Cl F-1 Shs
9.454.58-106%29No options$28.5B
TIBIX
Thornburg Investment Income Builder Fund Class I
37.404.27-776%30No options$21.7B
ACEIX
Invesco Equity and Income Fund Class A
11.655.55-110%26No options$12.6B
HBLRX
The Hartford Balanced Income Fund Class R3
14.857.87-89%23No options$10.6B
PDI
PIMCO Dynamic Income Fund
13.9845.60+69%39No options$6.7B
TWEIX
American Century Equity Income Investor Class
9.2912.98+28%39No options$6.3B
AEUDX
American Century Equity Income Fund R6 Class
9.4113.43+30%39No options$5.9B
DNP
DNP Select Income Fund Inc.
9.8341.48+76%39No options$3.7B
CBHAX
Victory Market Neutral Income Fund - Class A
9.304.56-104%21No options$3.7B
NEA
Nuveen AMT-Free Quality Municipal Income Fund
10.0418.90+47%39No options$3.0B
JPC
Nuveen Preferred & Income Opportunities Fund
6.8014.89+54%39No options$2.6B

⚖ Compare AMECX with 7 of them   All Financial Services stocks →

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Questions about AMECX

Is AMECX undervalued right now?

By the GLS models, moderately: at 27.63 the stock trades 28% below the average fair value of 38.21 (data as of 16 Oct 2026).

What is the Wheel Score of AMECX and what does it mean?

AMECX has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".

What is the GLS fair value for AMECX?

38.21 per share as of 16 Oct 2026 - the simple average of the 1 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 American Funds The Income Fund of America Class A report earnings next?

No upcoming earnings date is recorded for AMECX in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.

Does AMECX have listed options, and how liquid are they?

No. The nightly options snapshot found no listed contracts on AMECX, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.

Data as of 16 Oct 2026: prices and fundamentals from Financial Modeling Prep, option data from Polygon; valuations, scores and the Wheel Score by GLS Equity's models, run nightly. Prices in USD; the close shown is the previous session's. Everything on this page is general information produced by automated models from third-party data - not a recommendation to buy, sell or trade any security or option, and not financial advice. Past performance is not indicative of future results. GLS Equity provides data and tools, not financial advice.