Stock fact sheet · data as of
Aberdeen Ultra Short Municipal Income Fund - Class A (ATOAX): fair value, margin of safety and Wheel Score
Financial Services · Asset Management - Income · United States · Speculative / Distressed
Is ATOAX undervalued?
ATOAX closed at 10.07 on 16 Oct 2026, more than 30% above the GLS average fair value of 2.19. Only 0 of the 6 models that produced a value sit above the price. By our models the shares are priced well beyond what the filed earnings, cash flow and book value support; the Sunday Scan drops names like this at the "below fair value" rule.
There is a wide gap between GLS Growth (0.4747) and Graham Number (3.65). 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.
The nightly engine files ATOAX 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 ATOAX
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 | 3.65 | -64% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 2.85 | -72% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 0.7700 | -92% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 0.4747 | -95% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 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 | 3.61 | -64% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 1.80 | -82% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.3560 | -104% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Aberdeen Ultra Short Municipal Income Fund - Class A scores only 3 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. 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 2.7/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 4.0%, ROE 4.4%, ROA 4.0% - with debt at 0.10 times equity and negative free cash flow.
The dividend yield is 2.44% at a payout ratio of 0%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | 4.0% |
|---|---|---|---|
| GLS Moat | 2.7 / 10 | ROE | 4.4% |
| Debt / equity | 0.10 | ROA | 4.0% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 19: No options
No options are listed on Aberdeen Ultra Short Municipal Income Fund - Class A in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 19) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at - a day on a market cap of $1.2B, with a beta of 0.01 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 8 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -359% margin of safety | |
| Health | 7 / 20 | Piotroski 3/9 | |
| Moat | 4 / 15 | moat 2.7/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 8 / 20 | 0k shares/day, $1.2B cap, beta 0.01 |
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 ATOAX 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 Aberdeen Ultra Short Municipal Income Fund - 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.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| AGEPX American Beacon Developing World Income Fund - Investor Class | 7.57 | 11.13 | +32% | 39No options | $1.2B |
| MTRAX NYLI Income Builder Fund;A | 25.63 | 26.41 | +3% | 39No options | $1.1B |
| DSL DoubleLine Income Solutions Fund | 9.78 | 11.52 | +15% | 62Fair | $1.1B |
| EOS Eaton Vance Enhanced Equity Income Fund II | 21.00 | 61.42 | +66% | 39No options | $1.1B |
| ABCVX American Beacon The London Company Income Equity Fund Investor Class | 23.22 | 461.94 | +95% | 39No options | $1.1B |
| LZHOX Lazard US High Yield Portfolio Open | 18.21 | 6.76 | -169% | 24No options | $1.3B |
| PYVAX Payden Equity Income Fund Adviser Cl | 18.99 | 8.30 | -129% | 20No options | $1.3B |
| CII BlackRock Enhanced Capital and Income Fund, Inc. | 23.68 | 142.14 | +83% | 39No options | $1.0B |
| DVGR DAC 3D Dividend Growth ETF | 26.58 | 20.77 | -28% | 20No options | $1.4B |
| TSDOX Touchstone Ultra Short Duration Fixed Income Fund | 9.21 | 4.62 | -99% | 27No options | $1.0B |
| EVV Eaton Vance Limited Duration Income Fund | 8.35 | 20.11 | +58% | 39No options | $970M |
| FPF First Trust Intermediate Duration Preferred & Income Fund | 15.70 | 41.39 | +62% | 39No options | $955M |
⚖ Compare ATOAX with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about ATOAX
Is ATOAX undervalued right now?
No: at 10.07 the stock trades 359% above the GLS average fair value of 2.19 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of ATOAX and what does it mean?
ATOAX 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 ATOAX?
2.19 per share as of 16 Oct 2026 - the simple average of the 6 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 Aberdeen Ultra Short Municipal Income Fund - Class A report earnings next?
No upcoming earnings date is recorded for ATOAX in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does ATOAX have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on ATOAX, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.