Stock fact sheet · data as of
Leverage Shares 2X Long CBRS Daily ETF (CBRG): fair value, margin of safety and Wheel Score
Ticker symbol CBRG · Financial Services · Asset Management · United States · Fund / Note
Is CBRG undervalued?
Leverage Shares 2X Long CBRS Daily ETF (CBRG) closed at 0.6300 on 5 Nov 2026. None of the nine GLS valuation models produced a positive value for the stock - the company lost money over the last twelve months, EPS -22.46 and it pays no dividend - so there is no GLS average fair value and no margin of safety to report. The quality, option and event numbers below still apply; the Quote page's Wall Street View shows what analysts expect instead.
CBRG looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
Nine valuation models for CBRG
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 | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| 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
No Piotroski health score is on file for CBRG (the statements it needs were not available), so the Health part of the Wheel Score counts it at half marks - 10 of 20 - rather than marking the stock down for missing data. There is no GLS Moat score for CBRG: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
Returns on capital are thin or negative - ROIC 0.0%, ROE 0.0%, ROA 0.0% - with debt at 0.00 times equity and negative free cash flow.
Leverage Shares 2X Long CBRS Daily ETF pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | - / 9 | ROIC | 0.0% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 0.0% |
| Debt / equity | 0.00 | ROA | 0.0% |
| Free-cash-flow yield | -33.9% | Payout ratio | -10% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 14: Weak
CBRG scores 14 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 2, a real business, not a gamble - a fund or note, not a company; and filter 3, below fair value - trades right at our fair value; and filter 7, a premium worth selling - implied volatility 197% (over 80%); and filter 8, big enough - market cap $3M (under $1.0B); and filter 9, not a penny stock - price 0.63 (under $5), and the parts are thin too - value weak, premium weak, moat weak, health fair, red flags strong, option trading weak, stability weak. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 197%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is 4,732 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 9.1M shares a day on a market cap of $3M, with a beta of 1.75 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that weak.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Fails | trades right at our fair value |
| 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 | implied volatility 197% (over 80%) |
| 8 | Big enough | Fails | market cap $3M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 0.63 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 0% below fair value | |
| Premium | Weak | implied volatility 197% | |
| Moat | Weak | no moat score | |
| Health | Fair | no Piotroski score on file - half marks | |
| Red Flags | Strong | Red Flags score 95/100 | |
| Option trading | Weak | 353 contracts a day, 4,732 open interest | |
| Stability | Weak | beta 1.75, $3M 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 CBRG in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
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| CWD CaliberCos Inc. | 0.4487 | - | - | 10No options | $5M |
| TWAV TaoWeave, Inc. | 1.31 | - | - | 7No options | $5M |
| ARCX Tradr 2X Long ACHR Daily ETF | 6.40 | 19.23 | +67% | 24Weak | $1M |
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Start free See the Sunday ScanQuestions about CBRG
Is CBRG undervalued right now?
The GLS models could not value CBRG (the company lost money over the last twelve months, EPS -22.46 and it pays no dividend), so there is no fair value or margin of safety to compare the price of 0.6300 against.
What is the Wheel Score of CBRG and what does it mean?
CBRG scores 14 out of 100 (Weak) - it fails Wheel Trade Filters 2, 3, 7, 8, 9. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for CBRG?
None of the nine GLS models produced a positive value for CBRG (the company lost money over the last twelve months, EPS -22.46 and it pays no dividend), so there is no GLS fair value tonight.
When does Leverage Shares 2X Long CBRS Daily ETF report earnings next?
No upcoming earnings date is recorded for CBRG in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does CBRG have listed options, and how liquid are they?
Yes. The nightly snapshot found 4 listed contracts with 4,732 open interest across all expiries and implied volatility of 197% 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.