Stock fact sheet · data as of
Applied Digital Corp. (APLD): fair value, margin of safety and Wheel Score
Ticker symbol APLD · Technology · Information Technology Services · United States · Speculative
Is APLD undervalued?
At 16.61 (close of 5 Nov 2026), APLD has no GLS fair value: every one of the nine models needs a positive input (the company lost money over the last twelve months, EPS -1.59, it pays no dividend and its debts exceed what its assets would fetch), so the margin of safety is blank and the Wheel Score cannot be computed. Our scans leave the stock out at the first filter. What can be said from the nightly row is below.
The nightly engine files APLD under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for APLD
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 | - | - | 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 |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -5.04 | -130% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 58.20 | +250% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Applied Digital Corp. scores only 4 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 0.9/10 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 thin or negative - ROIC -3.5%, ROE -13.7%, ROA -2.5% - with debt at 2.86 times equity and negative free cash flow. Debt of 2.86 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
Applied Digital Corp. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Mining 100% (quarter Q4 FY2022).
Institutional ownership scores 9/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 16 Oct 2026.
| Piotroski F-score | 4 / 9 | ROIC | -3.5% |
|---|---|---|---|
| GLS Moat | 0.9 / 10 | ROE | -13.7% |
| Debt / equity | 2.86 | ROA | -2.5% |
| Free-cash-flow yield | -88.7% | Payout ratio | -1% |
| Institutions | 9 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 17: Weak
With a Wheel Score of 17 Applied Digital Corp. sits in the Weak band. It fails filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 3, below fair value - trades right at our fair value; and filter 4, financially healthy - Piotroski 4/9 (under 6); and filter 5, can repay its debt - 55.3 years to repay its debt (over 3); and filter 6, no serious red flags - Red Flags score 35 (under 60); and filter 7, a premium worth selling - implied volatility 103% (over 80%); Value (weak) is its weakest part.
Implied volatility is 103%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. The option chain is deep: 279,309 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 34.9M shares a day on a market cap of $5.0B, with a beta of 5.59 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that weak.
| 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 | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Fails | trades right at our fair value |
| 4 | Financially healthy | Fails | Piotroski 4/9 (under 6) |
| 5 | Can repay its debt | Fails | 55.3 years to repay its debt (over 3) |
| 6 | No serious red flags | Fails | Red Flags score 35 (under 60) |
| 7 | A premium worth selling | Fails | implied volatility 103% (over 80%) |
| 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 | Weak | 0% below fair value | |
| Premium | Weak | implied volatility 103% | |
| Moat | Weak | moat 0.9/10 | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Weak | Red Flags score 35/100 | |
| Option trading | Strong | 78,787 contracts a day, 279,309 open interest | |
| Stability | Weak | beta 5.59, $5.0B 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
The next earnings report is due on 6 Jan 2027, 62 days away - outside the window of a 30-45-day put sold today.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Information Technology Services
The 12 companies below are the closest to Applied Digital Corp. by market cap within the Information Technology Services 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 |
|---|---|---|---|---|---|
| NSIT Insight Enterprises, Inc. | 175.62 | 146.23 | -20% | 39Weak | $5.2B |
| MAAS Maase Inc. | 11.15 | - | - | 13No options | $4.9B |
| PSN Parsons Corporation | 52.41 | 69.99 | +25% | 79Good | $5.5B |
| GDS GDS Holdings Limited | 23.37 | 28.51 | +18% | 41Weak | $4.6B |
| INGM Ingram Micro Holding Corporation | 26.12 | 25.49 | -2% | 36Weak | $6.0B |
| SAIC Science Applications International Corporation | 150.45 | 174.46 | +14% | 45Weak | $6.3B |
| EXLS ExlService Holdings, Inc. | 43.12 | 44.55 | +3% | 70Good | $6.5B |
| KD Kyndryl Holdings, Inc. | 16.84 | 86.24 | +80% | 81Good | $3.7B |
| G Genpact Limited | 40.78 | 69.18 | +41% | 87Prime | $6.9B |
| EPAM EPAM Systems, Inc. | 137.36 | 132.81 | -3% | 45Weak | $7.1B |
| CIFR Cipher Mining Inc. | 6.50 | - | - | 13Weak | $3.0B |
| DXC DXC Technology Company | 14.88 | 65.65 | +77% | 78Good | $2.3B |
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Start free See the Sunday ScanQuestions about APLD
Is APLD undervalued right now?
The GLS models could not value APLD (the company lost money over the last twelve months, EPS -1.59, it pays no dividend and its debts exceed what its assets would fetch), so there is no fair value or margin of safety to compare the price of 16.61 against.
What is the Wheel Score of APLD and what does it mean?
APLD scores 17 out of 100 (Weak) - it fails Wheel Trade Filters 2, 3, 4, 5, 6, 7. 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 APLD?
None of the nine GLS models produced a positive value for APLD (the company lost money over the last twelve months, EPS -1.59, it pays no dividend and its debts exceed what its assets would fetch), so there is no GLS fair value tonight.
When does Applied Digital Corp. report earnings next?
The next earnings report is due on 6 Jan 2027, 62 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does APLD have listed options, and how liquid are they?
Yes. The nightly snapshot found 316 listed contracts with 279,309 open interest across all expiries and implied volatility of 103% 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.