Stock fact sheet · data as of
Commerce.com, Inc. (CMRC): fair value, margin of safety and Wheel Score
Ticker symbol CMRC · Technology · Software - Application · United States · Speculative
Is CMRC undervalued?
CMRC has a margin of safety of 74%: the stock closed at 3.45 on 5 Nov 2026 against a GLS average fair value of 13.21. 2 of the 2 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The average is built from just 2 models (DCF, 10 Cap) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files CMRC under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for CMRC
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 | 19.81 | +474% | Present value of the projected free cash flows, discounted at the cost of capital |
| 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 | 6.60 | +91% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| 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) | -0.6647 | -119% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 4.25 | +23% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Commerce.com, Inc. scores only 4 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. 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 3.2/10 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 thin or negative - ROIC -9.4%, ROE -49.1%, ROA -6.3% - with debt at 4.21 times equity and a free-cash-flow yield of 7.5%. Debt of 4.21 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
Commerce.com, Inc. 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 Subscription and Circulation 75%, Partner And Services 25% (quarter Q2 FY2026).
Institutional ownership scores 5/10, insider activity 9/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | -9.4% |
|---|---|---|---|
| GLS Moat | 3.2 / 10 | ROE | -49.1% |
| Debt / equity | 4.21 | ROA | -6.3% |
| Free-cash-flow yield | 7.5% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 9 · 5 / 10 |
Wheel Score 32: Weak
With a Wheel Score of 32 Commerce.com, Inc. sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (1,219 open interest, 55 a day); and filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 4, financially healthy - Piotroski 4/9 (under 6); and filter 5, can repay its debt - 5.6 years to repay its debt (over 3); and filter 7, a premium worth selling - implied volatility 114% (over 80%); and filter 8, big enough - market cap $286M (under $1.0B); and filter 9, not a penny stock - price 3.45 (under $5); Option trading (weak) is its weakest part.
Implied volatility is 114%, 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 thin - 1,219 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 787k shares a day on a market cap of $286M, with a beta of 1.10; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (1,219 open interest, 55 a day) |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 4/9 (under 6) |
| 5 | Can repay its debt | Fails | 5.6 years to repay its debt (over 3) |
| 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 114% (over 80%) |
| 8 | Big enough | Fails | market cap $286M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 3.45 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 74% below fair value | |
| Premium | Weak | implied volatility 114% | |
| Moat | Weak | moat 3.2/10 | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Strong | Red Flags score 92/100 | |
| Option trading | Weak | 55 contracts a day, 1,219 open interest | |
| Stability | Fair | beta 1.10, $286M 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
Commerce.com, Inc. reports earnings on 5 Nov 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Application
The 12 companies below are the closest to Commerce.com, Inc. by market cap within the Software - Application industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
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| XPER Xperi Inc. | 5.36 | 5.86 | +9% | 27Weak | $261M |
| EGHT 8x8, Inc. | 2.26 | 2.12 | -6% | 23Weak | $326M |
| TRVG trivago N.V. | 3.54 | 6.20 | +43% | 29Weak | $250M |
| ARQQ Arqit Quantum Inc. | 13.87 | 2.58 | -438% | 12Weak | $241M |
| RWWI Rand Worldwide, Inc. | 7.16 | 18.38 | +61% | 34No options | $241M |
| GLOO Gloo Holdings, Inc. | 2.90 | - | - | 15Weak | $238M |
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Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about CMRC
Is CMRC undervalued right now?
By the GLS models, yes: at 3.45 the stock is 74% below the average fair value of 13.21 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of CMRC and what does it mean?
CMRC scores 32 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 4, 5, 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 CMRC?
13.21 per share as of 5 Nov 2026 - the simple average of the 2 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 Commerce.com, Inc. report earnings next?
The next earnings report is due on 5 Nov 2026 (before the open), 0 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does CMRC have listed options, and how liquid are they?
Yes. The nightly snapshot found 6 listed contracts with 1,219 open interest across all expiries and implied volatility of 114% 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.