Stock fact sheet · data as of
BlackRock Limited Duration Income Trust (BLW): fair value, margin of safety and Wheel Score
Ticker symbol BLW · Financial Services · Asset Management - Income · United States · Blend Income
Is BLW undervalued?
At 11.81 (close of 5 Nov 2026), BLW trades 67% below the GLS average fair value of 35.29. That average comes from 9 models run on the latest filings, and 8 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns BlackRock Limited Duration Income Trust the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between EPV (10.39) and Payback Time (82.25). 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 BLW, so the nightly engine files it under Blend (value score 75, growth score 62, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for BLW
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 | 13.09 | +11% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 16.70 | +41% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 53.50 | +353% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 23.38 | +98% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 56.62 | +379% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 41.70 | +253% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 82.25 | +596% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 19.99 | +69% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 10.39 | -12% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -7.38 | -163% | 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 Limited Duration Income Trust scores 6 of 9 on the Piotroski F-score: a middling result that passes 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 5.6%, ROE 8.6%, ROA 5.5% - with debt at 0.54 times equity and a free-cash-flow yield of 17.7%.
The dividend yield is high at 11.50% (payout ratio 208%) - 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. Revenue comes mainly from Administration And Other Fiduciary Fees 100% (quarter Q1 FY2020).
Institutional ownership scores 4/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 5.6% |
|---|---|---|---|
| GLS Moat | 4.8 / 10 | ROE | 8.6% |
| Debt / equity | 0.54 | ROA | 5.5% |
| Free-cash-flow yield | 17.7% | Payout ratio | 208% |
| Institutions | 4 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 33: No options
No options are listed on BlackRock Limited Duration Income Trust in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 33, 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 477k shares a day on a market cap of $462M, with a beta of 0.61 - 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 | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 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 $462M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 67% below fair value | |
| Premium | Weak | no option data | |
| Moat | Fair | moat 4.8/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.61, $462M 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 BLW in the nightly calendar. The shares go ex-dividend on 13 Nov 2026 (0.1132 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 - Income
The 12 companies below are the closest to BlackRock Limited Duration Income Trust 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 |
|---|---|---|---|---|---|
| PCQ PIMCO California Municipal Income Fund | 8.25 | 34.70 | +76% | 23No options | $463M |
| VCV Invesco California Value Municipal Income Trust | 9.48 | 8.16 | -16% | 14No options | $460M |
| ETB Eaton Vance Tax-Managed Buy-Write Income Fund | 15.26 | 58.22 | +74% | 25No options | $448M |
| AVK Advent Convertible and Income Fund | 10.81 | 68.35 | +84% | 26No options | $477M |
| FFA First Trust Enhanced Equity Income Fund | 22.31 | 116.50 | +81% | 25No options | $446M |
| IQI Invesco Quality Municipal Income Trust | 9.12 | 8.09 | -13% | 15No options | $482M |
| VVR Invesco Senior Income Trust | 2.86 | 4.11 | +30% | 32No options | $440M |
| NBB Nuveen Taxable Municipal Income Fund | 14.77 | 23.19 | +36% | 28No options | $434M |
| CHW Calamos Global Dynamic Income Fund | 7.69 | 79.20 | +90% | 24No options | $491M |
| FOHFX Fidelity Ohio Municipal Income Fund | 11.30 | 4.96 | -128% | 11No options | $491M |
| WIW Western Asset Inflation-Linked Opportunities & Income Fund | 8.03 | 10.99 | +27% | 25No options | $491M |
| FPXTX Fidelity Pennsylvania Municipal Income Fund | 10.26 | 6.24 | -64% | 11No options | $430M |
⚖ Compare BLW with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about BLW
Is BLW undervalued right now?
By the GLS models, yes: at 11.81 the stock is 67% below the average fair value of 35.29 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of BLW and what does it mean?
BLW 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 BLW?
35.29 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 Limited Duration Income Trust report earnings next?
No upcoming earnings date is recorded for BLW in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does BLW have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on BLW, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.