Stock fact sheet · data as of
Invesco DB Energy Fund (DBE): fair value, margin of safety and Wheel Score
Ticker symbol DBE · Financial Services · Asset Management · United States · Fund / Note
Is DBE undervalued?
At 35.84 (close of 5 Nov 2026), DBE trades within a few percent of the GLS average fair value of 35.66 (0.5% above fair value). 7 models produced a value and they split 4 above the price to 3 below. A stock priced at fair value earns about half of the Wheel Score's Value points; the rest of the score comes from health, moat, premium and stability.
There is a wide gap between DCF (5.60) and Graham Growth (69.63). 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.
DBE 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 DBE
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 | 5.60 | -84% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 46.72 | +30% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 69.63 | +94% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 17.26 | -52% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 52.50 | +46% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 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 | 9.93 | -72% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 47.95 | +34% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 26.43 | -26% | 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
Invesco DB Energy Fund scores only 3 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 DBE: 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 -2.8%, ROE -2.8%, ROA -2.7% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is 1.88% at a payout ratio of 11%; 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.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | -2.8% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | -2.8% |
| Debt / equity | 0.00 | ROA | -2.7% |
| Free-cash-flow yield | -25.4% | Payout ratio | 11% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 26: Weak
With a Wheel Score of 26 Invesco DB Energy Fund sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (941 open interest, 1,009 a day); and filter 2, a real business, not a gamble - a fund or note, not a company; and filter 3, below fair value - trades 1% above our fair value; and filter 4, financially healthy - Piotroski 3/9 (under 6); and filter 8, big enough - market cap $56M (under $1.0B); Value (weak) is its weakest part.
Implied volatility is 45% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 941 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 90k shares a day on a market cap of $56M, with a beta of 1.92 - 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 | Fails | options too quiet (941 open interest, 1,009 a day) |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Fails | trades 1% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 3/9 (under 6) |
| 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 | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $56M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 1% above fair value | |
| Premium | Strong | implied volatility 45% | |
| Moat | Weak | no moat score | |
| Health | Weak | Piotroski 3/9 | |
| Red Flags | Strong | Red Flags score 92/100 | |
| Option trading | Weak | 1,009 contracts a day, 941 open interest | |
| Stability | Weak | beta 1.92, $56M 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 DBE 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 Invesco DB Energy Fund 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.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| ADKSX Adirondack Small Cap Fund | 38.57 | - | - | 14No options | $55M |
| PDPA Pearl Diver Credit Company Inc. | 25.10 | 70.17 | +64% | 29No options | $54M |
| SPLS PIMCO US Stocks PLUS Active Bond ETF | 55.36 | 701.21 | +92% | 29No options | $57M |
| PDCC Pearl Diver Credit Company Inc. | 7.94 | 70.17 | +89% | 28No options | $54M |
| IICAX AMF Large Cap Equity Fund | 12.76 | 108.60 | +88% | 23No options | $54M |
| POW VistaShares Electrification Supercycle ETF | 22.20 | 1.53 | -1353% | 25Weak | $59M |
| XXI Twenty One Capital Inc | 5.83 | - | - | 19Weak | $60M |
| OFS OFS Capital Corporation | 3.84 | 73.19 | +95% | 34Weak | $51M |
| OFSSH OFS Capital Corporation 4.95% Notes due 2028 | 23.39 | 73.19 | +68% | 24No options | $50M |
| PCM PCM Fund Inc | 5.03 | 13.18 | +62% | 29No options | $62M |
| RSF RiverNorth Capital and Income Fund, Inc. | 14.25 | 25.23 | +44% | 26No options | $49M |
| OCCI OFS Credit Company, Inc. | 1.67 | 17.36 | +90% | 27No options | $49M |
⚖ Compare DBE with 7 of them All Financial Services stocks →
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 DBE
Is DBE undervalued right now?
Not meaningfully: at 35.84 the stock trades within a few percent of the GLS average fair value of 35.66 (0.5% above fair value, data as of 5 Nov 2026).
What is the Wheel Score of DBE and what does it mean?
DBE scores 26 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 3, 4, 8. 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 DBE?
35.66 per share as of 5 Nov 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 Invesco DB Energy Fund report earnings next?
No upcoming earnings date is recorded for DBE in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does DBE have listed options, and how liquid are they?
Yes. The nightly snapshot found 132 listed contracts with 941 open interest across all expiries and implied volatility of 45% 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.