Stock fact sheet · data as of
Custom Truck One Source, Inc. (CTOS): fair value, margin of safety and Wheel Score
Industrials · Rental & Leasing Services · United States · Blend
Is CTOS undervalued?
At 9.20 (close of 16 Oct 2026), CTOS trades 205% over the GLS average fair value of 3.02, with 0 of 7 models above the price. The stock earns none of the Wheel Score's Value points at this price. That is a statement about price against trailing fundamentals, not about the company's prospects - the Wall Street View and the Growth tab on the Quote page carry the forward numbers.
There is a wide gap between EPV (1.05) and GLS Growth (5.76). 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 CTOS under Blend.
Nine valuation models for CTOS
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 | 2.02 | -78% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 2.76 | -70% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 5.39 | -41% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 2.35 | -74% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 5.76 | -37% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 1.81 | -80% | 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 | 1.05 | -89% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -7.77 | -185% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 13.00 | +41% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Custom Truck One Source, Inc. scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. A GLS Moat score of 2.5/10 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 -1.0%, ROE -3.8%, ROA -0.8% - with debt at 2.99 times equity and negative free cash flow. Debt of 2.99 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.
Custom Truck One Source, 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 Sales and Services, Equipment Sales 63%, Rental Revenue, Excluding Shipping And… 28%, Sales And Services, Parts And Services 7% (quarter Q1 FY2026).
Institutional ownership scores 10/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | -1.0% |
|---|---|---|---|
| GLS Moat | 2.5 / 10 | ROE | -3.8% |
| Debt / equity | 2.99 | ROA | -0.8% |
| Free-cash-flow yield | -5.2% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 52: Fair
A Wheel Score of 52 puts Custom Truck One Source, Inc. in the Fair band - below the 70 the Sunday Scan requires. Value 0/25, Health 16/20, Moat 4/15, Premium 18/20 and Stability 14/20; the weakest part is Value (0/25).
Implied volatility is 67% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (18 of 20) because volatility this high usually comes with a reason. Chain open interest is thin - 1,125 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 877k shares a day on a market cap of $2.1B, with a beta of 1.43 - 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 14 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -205% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 4 / 15 | moat 2.5/10 | |
| Premium | 18 / 20 | implied volatility 67% | |
| Stability | 14 / 20 | 877k shares/day, $2.1B cap, beta 1.43 |
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
Custom Truck One Source, Inc. reports earnings on 26 Oct 2026 (after the close) - 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 Rental & Leasing Services
The 12 companies below are the closest to Custom Truck One Source, Inc. by market cap within the Rental & Leasing Services 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 |
|---|---|---|---|---|---|
| VSTS Vestis Corporation | 13.97 | 16.38 | +15% | 45Weak | $1.8B |
| LIME Neutron Holdings, Inc. | 27.07 | - | - | 25No options | $1.7B |
| MGRC McGrath RentCorp | 113.19 | 136.29 | +17% | 75Good | $2.8B |
| WSC WillScot Holdings Corporation | 16.19 | 33.49 | +52% | 45Weak | $2.9B |
| EQPT EquipmentShare.com Inc. | 14.41 | 5.99 | -140% | 44Weak | $3.7B |
| CAR Avis Budget Group, Inc. | 109.77 | - | - | 45Weak | $3.9B |
| HRI Herc Holdings Inc. | 124.00 | 76.54 | -62% | 48Weak | $4.1B |
| WLFC Willis Lease Finance Corporation | 37.89 | 112.00 | +66% | 81Prime | $801M |
| GATX GATX Corporation | 165.09 | 146.59 | -13% | 60Fair | $5.8B |
| HTZ Hertz Global Holdings, Inc. | 1.83 | - | - | 40Weak | $578M |
| R Ryder System, Inc. | 237.82 | 293.38 | +19% | 78Good | $9.1B |
| UHAL U-Haul Holding Company | 55.92 | 13.96 | -301% | 54Fair | $9.7B |
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Start free See the Sunday ScanQuestions about CTOS
Is CTOS undervalued right now?
No: at 9.20 the stock trades 205% above the GLS average fair value of 3.02 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of CTOS and what does it mean?
CTOS scores 52 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 CTOS?
3.02 per share as of 16 Oct 2026 - the simple average of the 7 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 Custom Truck One Source, Inc. report earnings next?
The next earnings report is due on 26 Oct 2026 (after the close), 10 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does CTOS have listed options, and how liquid are they?
Yes. The nightly snapshot found 80 listed contracts with 1,125 open interest across all expiries and implied volatility of 67% 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.