Stock fact sheet · data as of
Alliance Bernstein - AB California Intermediate Municipal ETF (CAM): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Speculative / Distressed
Is CAM undervalued?
At 24.31 (close of 16 Oct 2026), CAM trades within a few percent of the GLS average fair value of 23.16 (5.0% above fair value). 8 models produced a value and they split 2 above the price to 6 below. A stock priced at fair value earns about half of the Wheel Score's Value points; the rest of the score comes from health, moat, premium and stability.
There is a wide gap between Lynch (2.85) and 10 Cap (92.92). 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 CAM under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for CAM
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 | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 19.51 | -20% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 11.51 | -53% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 2.85 | -88% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 2.87 | -88% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 92.92 | +282% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 35.77 | +47% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 11.89 | -51% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 7.93 | -67% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.0000 | -100% | 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
Alliance Bernstein - AB California Intermediate Municipal ETF scores only 0 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 0.0/10 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 0.0%, ROE 0.0%, ROA 0.0% - with debt at 0.00 times equity and a free-cash-flow yield of 62.7%.
The dividend yield is 3.32% at a payout ratio of 0%; 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.
Institutional ownership scores 10/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 0 / 9 | ROIC | 0.0% |
|---|---|---|---|
| GLS Moat | 0.0 / 10 | ROE | 0.0% |
| Debt / equity | 0.00 | ROA | 0.0% |
| Free-cash-flow yield | 62.7% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 22: No options
No options are listed on Alliance Bernstein - AB California Intermediate Municipal ETF in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 22) 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 374k shares a day on a market cap of $1.1B, with a beta of 0.60 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 12 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 10 / 25 | -5% margin of safety | |
| Health | 0 / 20 | Piotroski 0/9 | |
| Moat | 0 / 15 | moat 0.0/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 12 / 20 | 374k shares/day, $1.1B cap, beta 0.60 |
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 CAM in the nightly calendar.
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 Alliance Bernstein - AB California Intermediate Municipal ETF 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 |
|---|---|---|---|---|---|
| KLCIX Federated Hermes Kaufmann Large Cap Fund Institutional Shares | 19.34 | 85.04 | +77% | 39No options | $1.1B |
| VCX Fundrise Innovation Fund, LLC | 25.38 | 170.56 | +85% | 73Good | $1.1B |
| FICDX Fidelity Canada Fund | 87.82 | 2,196.72 | +96% | 39No options | $1.2B |
| EACAX Eaton Vance California Municipal Opportunities Fund | 9.61 | 13.37 | +28% | 39No options | $1.1B |
| HQH Abrdn Healthcare Investors | 19.30 | 51.65 | +63% | 39No options | $1.1B |
| WBSNX William Blair Small Cap Growth Fund Class N | 29.80 | 19.51 | -53% | 20No options | $1.1B |
| OIIEX Optimum International Equity Fund Class I | 18.05 | 38.80 | +53% | 39No options | $1.2B |
| JFR Nuveen Floating Rate Income Fund | 7.32 | 7.92 | +8% | 39No options | $1.2B |
| ARCVX American Century Investments One Choice 2030 Portfolio | 12.79 | 8.52 | -50% | 18No options | $1.1B |
| NBXG Neuberger Next Generation Connectivity Fund Inc. | 15.06 | 91.03 | +83% | 39No options | $1.2B |
| AOD Abrdn Total Dynamic Dividend Fund | 10.16 | 63.07 | +84% | 39No options | $1.1B |
| VRISX Virtus KAR International Small-Mid Cap Fund Class R6 | 21.31 | 59.89 | +64% | 39No options | $1.1B |
⚖ Compare CAM with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about CAM
Is CAM undervalued right now?
Not meaningfully: at 24.31 the stock trades within a few percent of the GLS average fair value of 23.16 (5.0% above fair value, data as of 16 Oct 2026).
What is the Wheel Score of CAM and what does it mean?
CAM 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 CAM?
23.16 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 Alliance Bernstein - AB California Intermediate Municipal ETF report earnings next?
No upcoming earnings date is recorded for CAM in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does CAM have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on CAM, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.