Stock fact sheet · data as of
Cohen & Steers, Inc. (CNS): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Blend
Is CNS undervalued?
CNS closed at 68.98 on 16 Oct 2026, more than 30% above the GLS average fair value of 47.18. Only 2 of the 9 models that produced a value sit above the price. By our models the shares are priced well beyond what the filed earnings, cash flow and book value support; the Sunday Scan drops names like this at the "below fair value" rule.
The 9 models disagree widely: GLS Growth gives 19.27 while Graham Growth gives 106.24. 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 CNS under Blend.
Nine valuation models for CNS
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 | 32.93 | -52% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 28.98 | -58% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 106.24 | +54% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 40.45 | -41% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 19.27 | -72% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 70.66 | +2% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 51.15 | -26% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 38.70 | -44% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 36.28 | -47% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.9628 | -101% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 88.00 | +28% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: CNS passes 4 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 4.6 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 high - ROIC 21.9%, ROE 27.3%, ROA 16.8% - with debt at 0.25 times equity and a free-cash-flow yield of 3.5%.
The dividend yield is 3.81% at a payout ratio of 79%; 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 Open End Investment Funds 58%, Institutional Accounts 23%, Closed End Investment Funds 18% (quarter Q2 FY2026).
Institutional ownership scores 7/10, insider activity 3/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 21.9% |
|---|---|---|---|
| GLS Moat | 4.6 / 10 | ROE | 27.3% |
| Debt / equity | 0.25 | ROA | 16.8% |
| Free-cash-flow yield | 3.5% | Payout ratio | 79% |
| Institutions | 7 / 10 | Insiders · Congress | 3 · 5 / 10 |
Wheel Score 51: Fair
CNS scores 51 out of 100 on the Wheel Score (Fair band, 50-64): a usable but unremarkable fit for the wheel strategy. The parts: Value 0/25, Health 9/20, Moat 7/15, Premium 20/20, Stability 15/20. Value (0/25) is where the points are missing.
Implied volatility is 46% 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 thin - 391 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 581k shares a day on a market cap of $3.5B, with a beta of 1.22 - 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 gives that 15 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -46% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 7 / 15 | moat 4.6/10 | |
| Premium | 20 / 20 | implied volatility 46% | |
| Stability | 15 / 20 | 581k shares/day, $3.5B cap, beta 1.22 |
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 CNS 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 Cohen & Steers, Inc. 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.
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|---|---|---|---|---|---|
| SCSCX Touchstone Large Cap Focused Fund Class C | 80.08 | 41.65 | -92% | 23No options | $3.5B |
| SMTAX JPMorgan SmartRetirement 2040 Fund Class A | 25.21 | 5,400.79 | +100% | 39No options | $3.7B |
| TMH Toyota Motor Corporation ADRhedged | 49.78 | 44.36 | -12% | 51Fair | $3.7B |
| AQMIX AQR Managed Futures Strategy Fund | 11.21 | 2.39 | -369% | 30No options | $3.7B |
| EAPCX Parametric Commodity Strategy Fund | 8.19 | 8.42 | +3% | 39No options | $3.3B |
| JOBBX JPMorgan SmartRetirement Blend 2040 Fund Class R5 | 39.72 | 26.89 | -48% | 17No options | $3.8B |
| AAMI Acadian Asset Management | 92.81 | 62.56 | -48% | 56Fair | $3.3B |
| FGADX Franklin Gold and Precious Metals Adv | 50.54 | 12.72 | -297% | 24No options | $3.3B |
| UTG Reaves Utility Income Fund | 35.42 | 253.85 | +86% | 39No options | $3.2B |
| ADX Adams Diversified Equity Fund, Inc. | 25.79 | 118.38 | +78% | 39No options | $3.2B |
| CSQ Calamos Strategic Total Return Fund | 20.09 | 158.06 | +87% | 39No options | $3.2B |
| AB AllianceBernstein Holding L.P. | 34.76 | 46.63 | +25% | 73Good | $3.2B |
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Start free See the Sunday ScanQuestions about CNS
Is CNS undervalued right now?
No: at 68.98 the stock trades 46% above the GLS average fair value of 47.18 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of CNS and what does it mean?
CNS scores 51 out of 100 (Fair). 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 CNS?
47.18 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 Cohen & Steers, Inc. report earnings next?
No upcoming earnings date is recorded for CNS in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does CNS have listed options, and how liquid are they?
Yes. The nightly snapshot found 158 listed contracts with 391 open interest across all expiries and implied volatility of 46% 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.