Stock fact sheet · data as of
Delek US Holdings, Inc. (DK): fair value, margin of safety and Wheel Score
Energy · Oil & Gas Refining & Marketing · United States · Blend
Is DK undervalued?
DK closed at 76.88 on 16 Oct 2026 against a GLS average fair value of 75.16 - 2.3% above fair value, which our screens read as "fairly priced". 2 of 8 models are above the current price. There is no discount to lean on here, so the margin of safety is not the reason to look at the stock.
There is a wide gap between GLS Growth (3.14) and 10 Cap (288.27). 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 DK under Blend.
Nine valuation models for DK
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 | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 23.83 | -69% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 59.07 | -23% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 14.65 | -81% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 3.14 | -96% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 288.27 | +275% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 156.65 | +104% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 15.01 | -80% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 40.68 | -47% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -69.12 | -190% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 89.33 | +16% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Delek US Holdings, Inc. scores 6 of 9 on the Piotroski F-score: a middling result that passes the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 1.7/10 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 -0.6%, ROE -8.0%, ROA -0.3% - with debt at 11.70 times equity and a free-cash-flow yield of 14.5%. Debt of 11.70 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.
The dividend yield is 1.33% with a payout ratio of 28% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Refining 91%, Logistics 9% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | -0.6% |
|---|---|---|---|
| GLS Moat | 1.7 / 10 | ROE | -8.0% |
| Debt / equity | 11.70 | ROA | -0.3% |
| Free-cash-flow yield | 14.5% | Payout ratio | 28% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 63: Fair
A Wheel Score of 63 puts Delek US Holdings, Inc. in the Fair band - below the 70 the Sunday Scan requires. Value 12/25, Health 13/20, Moat 3/15, Premium 18/20 and Stability 18/20; the weakest part is Moat (3/15).
Implied volatility is 70% 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 23,662 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 1.5M shares a day on a market cap of $4.7B, with a beta of 0.60 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 18 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 12 / 25 | -2% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 3 / 15 | moat 1.7/10 | |
| Premium | 18 / 20 | implied volatility 70% | |
| Stability | 18 / 20 | 1.5M shares/day, $4.7B cap, beta 0.60 |
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
The next earnings report is due on 6 Nov 2026 (before the open), 21 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Refining & Marketing
The 12 companies below are the closest to Delek US Holdings, Inc. by market cap within the Oil & Gas Refining & Marketing 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 |
|---|---|---|---|---|---|
| IEP Icahn Enterprises L.P. | 6.64 | 18.90 | +65% | 45Weak | $4.7B |
| PARR Par Pacific Holdings, Inc. | 88.67 | 180.79 | +51% | 83Prime | $4.4B |
| CVI CVR Energy, Inc. | 61.68 | 20.30 | -204% | 53Fair | $6.2B |
| UGP Ultrapar Participações S.A. | 7.84 | 30.42 | +74% | 89Prime | $8.6B |
| APC ARKO Petroleum Corp. Class A Common Stock | 16.06 | 10.77 | -49% | 32No options | $9.6B |
| SUN Sunoco LP | 75.53 | 138.70 | +46% | 73Good | $10.3B |
| PBF PBF Energy Inc. | 89.51 | 115.93 | +23% | 78Good | $10.6B |
| WKC World Kinect Corporation | 36.72 | 12.65 | -190% | 45Weak | $1.9B |
| DINO HF Sinclair Corporation | 124.70 | 134.04 | +7% | 76Good | $22.2B |
| CAPL CrossAmerica Partners LP | 21.40 | 26.02 | +18% | 64Fair | $817M |
| SGU Star Group, L.P. | 12.92 | 60.09 | +78% | 76Good | $424M |
| CLNE Clean Energy Fuels Corp. | 1.51 | 2.47 | +39% | 45Weak | $333M |
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Start free See the Sunday ScanQuestions about DK
Is DK undervalued right now?
Not meaningfully: at 76.88 the stock trades within a few percent of the GLS average fair value of 75.16 (2.3% above fair value, data as of 16 Oct 2026).
What is the Wheel Score of DK and what does it mean?
DK scores 63 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 DK?
75.16 per share as of 16 Oct 2026 - the simple average of the 8 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 Delek US Holdings, Inc. report earnings next?
The next earnings report is due on 6 Nov 2026 (before the open), 21 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does DK have listed options, and how liquid are they?
Yes. The nightly snapshot found 614 listed contracts with 23,662 open interest across all expiries and implied volatility of 70% 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.