Stock fact sheet · data as of
BlackRock Multi-Sector Income Trust (BIT): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · High Yield Income
Is BIT undervalued?
At 11.16 (close of 16 Oct 2026), BIT trades 19% under the GLS average fair value of 13.70. 5 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 screen; 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 GLS Growth (4.21) and Graham Growth (30.97). 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 BIT under High Yield Income: a dividend yield above 4%.
Nine valuation models for BIT
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 | 9.46 | -15% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 13.73 | +23% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 30.97 | +178% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 13.16 | +18% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 4.21 | -62% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 10.93 | -2% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 11.96 | +7% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 21.84 | +96% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 7.00 | -37% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -5.74 | -151% | 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 Multi-Sector Income Trust scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. A GLS Moat score of 3.3/10 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 4.9%, ROE 7.0%, ROA 4.8% - with debt at 0.42 times equity and a free-cash-flow yield of 4.9%.
The dividend yield is high at 13.30% (payout ratio 219%) - a payout above 100% of earnings, which is not covered by profits. 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 4/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 4.9% |
|---|---|---|---|
| GLS Moat | 3.3 / 10 | ROE | 7.0% |
| Debt / equity | 0.42 | ROA | 4.8% |
| Free-cash-flow yield | 4.9% | Payout ratio | 219% |
| Institutions | 4 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
No options are listed on BlackRock Multi-Sector Income Trust in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 39) 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 369k shares a day on a market cap of $637M, with a beta of 0.50 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 11 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 20 / 25 | 19% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 5 / 15 | moat 3.3/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 11 / 20 | 369k shares/day, $637M cap, beta 0.50 |
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 BIT in the nightly calendar. The shares go ex-dividend on 13 Nov 2026 (0.1237 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 Multi-Sector Income 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 |
|---|---|---|---|---|---|
| FCIRX NYLI PineStone International Equity Fund Class A | 18.29 | 1.37 | -1234% | 22No options | $638M |
| DLY DoubleLine Yield Opportunities Fund | 13.10 | 38.13 | +66% | 39No options | $636M |
| RA Brookfield Real Assets Income | 11.43 | 20.04 | +43% | 39No options | $632M |
| RPC Ridgepost Capital, Inc. | 7.99 | 6.53 | -22% | 52Fair | $631M |
| NMFCZ New Mountain Finance Corporation 8.250% Notes due 2028 | 25.37 | 78.42 | +68% | 39No options | $645M |
| TBLD Thornburg Income Builder Opportunities Trust | 20.21 | 125.16 | +84% | 39No options | $628M |
| ACGP Associated Capital Group, Inc. | 31.43 | 79.20 | +60% | 39No options | $650M |
| NMFC New Mountain Finance Corporation | 6.90 | 78.29 | +91% | 45Weak | $651M |
| PFLT PennantPark Floating Rate Capital Ltd. | 6.57 | 28.75 | +77% | 73Good | $652M |
| SLRC SLR Investment Corp. | 11.30 | 50.44 | +78% | 80Prime | $616M |
| GAINZ Gladstone Investment Corporation 4.875% Notes due 2028 | 24.09 | 153.64 | +84% | 39No options | $614M |
| GAINI Gladstone Investment Corporation | 25.03 | 101.73 | +75% | 39No options | $614M |
⚖ Compare BIT with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about BIT
Is BIT undervalued right now?
By the GLS models, moderately: at 11.16 the stock trades 19% below the average fair value of 13.70 (data as of 16 Oct 2026).
What is the Wheel Score of BIT and what does it mean?
BIT 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 BIT?
13.70 per share as of 16 Oct 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 Multi-Sector Income Trust report earnings next?
No upcoming earnings date is recorded for BIT in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does BIT have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on BIT, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.