Stock fact sheet · data as of
BlackRock Energy and Resources Trust (BGR): fair value, margin of safety and Wheel Score
Ticker symbol BGR · Financial Services · Asset Management · United States · Blend Income
Is BGR undervalued?
BGR has a margin of safety of 33%: the stock closed at 17.30 on 5 Nov 2026 against a GLS average fair value of 25.63. 4 of the 9 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
There is a wide gap between Payback Time (3.18) and Graham Growth (59.78). 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 BGR, so the nightly engine files it under Blend (value score 75, growth score 58, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for BGR
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 | 43.43 | +151% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 36.97 | +114% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 59.78 | +246% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 14.82 | -14% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 10.85 | -37% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 3.32 | -81% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 3.18 | -82% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 17.18 | -1% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 41.17 | +138% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.1979 | -99% | 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
BlackRock Energy and Resources Trust scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of 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 4.8/10 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 11.2%, ROE 11.2%, ROA 11.1% - with debt at 0.00 times equity and a free-cash-flow yield of 1.0%.
The dividend yield is high at 6.75% (payout ratio 16%). 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 3/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 11.2% |
|---|---|---|---|
| GLS Moat | 4.8 / 10 | ROE | 11.2% |
| Debt / equity | 0.00 | ROA | 11.1% |
| Free-cash-flow yield | 1.0% | Payout ratio | 16% |
| Institutions | 3 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 31: No options
No options are listed on BlackRock Energy and Resources Trust in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 31, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 208k shares a day on a market cap of $440M, with a beta of 0.38 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 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 | Fails | Piotroski 5/9 (under 6) |
| 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 | Fails | no implied volatility |
| 8 | Big enough | Fails | market cap $440M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 33% below fair value | |
| Premium | Weak | no option data | |
| Moat | Fair | moat 4.8/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.38, $440M 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 BGR in the nightly calendar. The shares go ex-dividend on 13 Nov 2026 (0.0973 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to BlackRock Energy and Resources Trust by market cap within the Asset Management 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 |
|---|---|---|---|---|---|
| EAALX Eaton Vance-Atlanta Capital Focused Growth | 21.58 | - | - | 12No options | $439M |
| GLAD Gladstone Capital Corporation | 19.68 | 106.04 | +81% | 43Weak | $445M |
| ARGVX American Century One Choice 2060 Portfolio;Investor | 17.47 | 55.65 | +69% | 25No options | $449M |
| GHY PGIM Global High Yield Fund, Inc. | 11.00 | 18.31 | +40% | 25No options | $451M |
| NMAI Nuveen Multi-Asset Income Fund | 13.51 | 61.05 | +78% | 28No options | $452M |
| HNASX Homestead Fds, Inc. Growth Fund | 18.72 | 23.52 | +20% | 23No options | $453M |
| AEDVX American Century Emerging Markets Debt Fund;Investor | 8.99 | 16.47 | +45% | 26No options | $428M |
| VLAIX Value Line Asset Allocation Fund Institutional Class | 34.93 | 35.27 | +1% | 15No options | $459M |
| TRHRX T. Rowe Price Target Retirement 2040 Fund | 19.20 | 7,860.98 | +100% | 30No options | $421M |
| UNG United States Natural Gas Fund LP | 9.27 | 12.17 | +24% | 43Weak | $420M |
| MCEMX ClearBridge Emerging Markets IS | 18.58 | 6.70 | -177% | 9No options | $420M |
| FCFAX Frost Credit Fund | 8.93 | 15.98 | +44% | 25No options | $464M |
⚖ Compare BGR with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about BGR
Is BGR undervalued right now?
By the GLS models, yes: at 17.30 the stock is 33% below the average fair value of 25.63 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of BGR and what does it mean?
BGR has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for BGR?
25.63 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 BlackRock Energy and Resources Trust report earnings next?
No upcoming earnings date is recorded for BGR in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does BGR have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on BGR, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.