Stock fact sheet · data as of
Butler National Corporation (BUKS): fair value, margin of safety and Wheel Score
Industrials · Aerospace & Defense · United States · High Growth
Is BUKS undervalued?
Butler National Corporation (BUKS) closed at 4.78 on 16 Oct 2026. The GLS average fair value - the simple average of the 8 valuation models that produced a positive number - is 9.59, which puts the price 50% below it. 6 of the 8 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
There is a wide gap between Graham Number (3.35) and GLS Growth (22.54). 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 BUKS under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for BUKS
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 | 4.98 | +4% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 3.35 | -30% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 21.06 | +341% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 9.20 | +93% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 22.54 | +372% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 6.10 | +28% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 5.41 | +13% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 4.09 | -14% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.1164 | -98% | 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
Butler National Corporation 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 7.9/10 puts BUKS among the more durable businesses we track: over ten years the metrics the score watches (revenue, EPS, book value, margins, cash flow, ROIC) have mostly moved the right way, year after year.
Returns on capital are high - ROIC 19.0%, ROE 26.8%, ROA 15.5% - with debt at 0.41 times equity and a free-cash-flow yield of 2.9%.
Butler National Corporation 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 Casino 100% (quarter Q1 FY2027).
Institutional ownership scores 1/10, insider activity 6/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 21 Sep 2026.
| Piotroski F-score | 7 / 9 | ROIC | 19.0% |
|---|---|---|---|
| GLS Moat | 7.9 / 10 | ROE | 26.8% |
| Debt / equity | 0.41 | ROA | 15.5% |
| Free-cash-flow yield | 2.9% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 6 · 5 / 10 |
Wheel Score 39: No options
No options are listed on Butler National Corporation 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 41k shares a day on a market cap of $305M, with a beta of 0.20 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 50% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 12 / 15 | moat 7.9/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 41k shares/day, $305M cap, beta 0.20 |
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
The next earnings report is due on 11 Dec 2026, 56 days away - outside the window of a 30-45-day put sold today.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Aerospace & Defense
The 12 companies below are the closest to Butler National Corporation by market cap within the Aerospace & Defense 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 |
|---|---|---|---|---|---|
| SPCE Virgin Galactic Holdings, Inc. | 2.55 | - | - | 38Weak | $328M |
| IA Innovative Aerosystems, Inc. | 18.89 | 18.27 | -3% | 45Weak | $338M |
| POWWP Outdoor Holding Company - 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock | 24.12 | 6.31 | -282% | 26No options | $266M |
| POWW Outdoor Holding Company | 2.24 | 1.40 | -60% | 43Weak | $260M |
| TATT TAT Technologies Ltd. | 31.78 | 43.68 | +27% | 39No options | $413M |
| AERG Applied Energetics, Inc. | 0.8000 | 0.0114 | -6931% | 15No options | $179M |
| AIRO AIRO Group Holdings, Inc. Common Stock | 5.49 | - | - | 45Weak | $173M |
| PKE Park Aerospace Corp. | 26.32 | 9.99 | -163% | 51Fair | $572M |
| EVEX Eve Holding, Inc. | 1.67 | - | - | 38Weak | $582M |
| SATL Satellogic Inc. | 4.13 | - | - | 45Weak | $591M |
| ELMT Elmet Group Co. | 19.49 | 5.01 | -289% | 29No options | $594M |
| DPRO Draganfly Inc. | 3.91 | 1.82 | -114% | 22Weak | $153M |
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Start free See the Sunday ScanQuestions about BUKS
Is BUKS undervalued right now?
By the GLS models, yes: at 4.78 the stock is 50% below the average fair value of 9.59 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of BUKS and what does it mean?
BUKS 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 BUKS?
9.59 per share as of 16 Oct 2026 - the simple average of the 8 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 Butler National Corporation report earnings next?
The next earnings report is due on 11 Dec 2026, 56 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does BUKS have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on BUKS, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.