Stock fact sheet · data as of
Caleres, Inc. (CAL): fair value, margin of safety and Wheel Score
Consumer Cyclical · Apparel - Retail · United States · Defensive
Is CAL undervalued?
Caleres, Inc. (CAL) closed at 13.14 on 16 Oct 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 42.46, which puts the price 69% below it. 8 of the 9 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.
The 9 models disagree widely: DDM gives 4.12 while Graham Growth gives 92.30. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files CAL under Defensive: a low beta, a dividend and positive earnings.
Nine valuation models for CAL
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 | 64.17 | +388% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 27.42 | +109% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 92.30 | +602% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 40.34 | +207% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 24.23 | +84% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 61.95 | +371% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 49.72 | +278% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 4.12 | -69% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 17.93 | +36% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -14.32 | -209% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 28.25 | +115% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health CAL scores 7/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is low at 2.9 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC -0.5%, ROE -1.2%, ROA -0.4% - with debt at 1.48 times equity and a free-cash-flow yield of 13.6%.
The dividend yield is 2.13% at a payout ratio of 18%; 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. Revenue comes mainly from Famous Footwear 52%, Brand Portfolio 48% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 11 Sep 2026.
| Piotroski F-score | 7 / 9 | ROIC | -0.5% |
|---|---|---|---|
| GLS Moat | 2.9 / 10 | ROE | -1.2% |
| Debt / equity | 1.48 | ROA | -0.4% |
| Free-cash-flow yield | 13.6% | Payout ratio | 18% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 75: Good
CAL scores 75 out of 100 on the Wheel Score (Good band, 65-79). The score blends the margin of safety (Value, 25/25), Piotroski health (16/20), the GLS moat (4/15), the option premium on offer (20/20) and how easily the stock trades (10/20). Moat (4/15) is the part holding the score back.
Implied volatility is 57% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 14,600 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 395k shares a day on a market cap of $453M, with a beta of 0.74 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 10 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 69% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 4 / 15 | moat 2.9/10 | |
| Premium | 20 / 20 | implied volatility 57% | |
| Stability | 10 / 20 | 395k shares/day, $453M cap, beta 0.74 |
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 8 Dec 2026, 53 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 Apparel - Retail
The 12 companies below are the closest to Caleres, Inc. by market cap within the Apparel - Retail 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 |
|---|---|---|---|---|---|
| CTRN Citi Trends, Inc. | 49.94 | 20.51 | -144% | 30Weak | $416M |
| GCO Genesco Inc. | 37.42 | 116.09 | +68% | 68Good | $405M |
| SHOE Shoe Station Group Inc. | 13.24 | 32.83 | +60% | 69Good | $359M |
| SFIX Stitch Fix, Inc. | 2.39 | 5.26 | +55% | 45Weak | $319M |
| LE Lands' End, Inc. | 10.28 | 319.56 | +97% | 63Fair | $304M |
| JILL J.Jill, Inc. | 24.68 | 53.48 | +54% | 39No options | $278M |
| CURV Torrid Holdings Inc. | 2.45 | 14.03 | +83% | 45Weak | $244M |
| ZUMZ Zumiez Inc. | 14.12 | 36.18 | +61% | 74Good | $216M |
| CRI Carter's Inc. | 32.64 | 88.45 | +63% | 78Good | $1.2B |
| DLTH Duluth Holdings Inc. | 4.00 | 10.22 | +61% | 64Fair | $152M |
| TLYS Tilly's, Inc. | 4.55 | 3.27 | -39% | 37Weak | $137M |
| AKA a.k.a. Brands Holding Corp. | 10.18 | 29.36 | +65% | 39No options | $112M |
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Start free See the Sunday ScanQuestions about CAL
Is CAL undervalued right now?
By the GLS models, yes: at 13.14 the stock is 69% below the average fair value of 42.46 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of CAL and what does it mean?
CAL scores 75 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for CAL?
42.46 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 Caleres, Inc. report earnings next?
The next earnings report is due on 8 Dec 2026 (before the open), 53 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does CAL have listed options, and how liquid are they?
Yes. The nightly snapshot found 106 listed contracts with 14,600 open interest across all expiries and implied volatility of 57% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.