American Century Government Bond Investor Class (CPTNX): fair value, margin of safety and Wheel Score

Is CPTNX undervalued?

CPTNX closed at 9.10 on 5 Nov 2026, 12% below the GLS average fair value of 10.35 from 2 models (1 of them above the price). That is a moderate margin of safety: the stock passes the "below fair value" Wheel Trade Filter, with room for a bigger discount on the Value part.

The average is built from just 2 models (DCF, DDM) - 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.

CPTNX 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 CPTNX

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.

Quality and financial health

American Century Government Bond Investor Class 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. There is no GLS Moat score for CPTNX: 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 1.4%, ROE 2.0%, ROA 1.0% - with debt at 0.42 times equity and negative free cash flow.

The dividend yield is high at 4.06% (payout ratio 45%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.

Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 17: No options

No options are listed on American Century Government Bond Investor Class in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 17, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.

Volume runs at - a day on a market cap of $404M, with a beta of 1.06; the Stability part of the Wheel Score rates that fair.

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 CPTNX in the nightly calendar.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

Similar stocks in Asset Management - Bonds

The 12 companies below are the closest to American Century Government Bond Investor Class by market cap within the Asset Management - Bonds industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.

⚖ Compare CPTNX with 7 of them   All Financial Services stocks →