Stock fact sheet · data as of
DTF Tax-Free Income 2028 Term Fund Inc. (DTF): fair value, margin of safety and Wheel Score
Financial Services · Asset Management - Income · United States · Defensive
Is DTF undervalued?
DTF closed at 11.44 on 16 Oct 2026 against a GLS average fair value of 11.56 - 1.0% below fair value, which our screens read as "fairly priced". 2 of 7 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.
The 7 models disagree widely: DCF gives 0.8118 while GLS Growth gives 25.27. 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 DTF under Defensive: a low beta, a dividend and positive earnings.
Nine valuation models for DTF
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 | 0.8118 | -93% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 10.58 | -8% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 23.61 | +106% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 10.32 | -10% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 25.27 | +121% | 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 | 5.74 | -50% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 4.59 | -60% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.5393 | -95% | 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
Financial health is weak: DTF 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 3.1 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 thin or negative - ROIC 2.7%, ROE 2.7%, ROA 2.7% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is 3.41% at a payout ratio of 0%; 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 | 4 / 9 | ROIC | 2.7% |
|---|---|---|---|
| GLS Moat | 3.1 / 10 | ROE | 2.7% |
| Debt / equity | 0.00 | ROA | 2.7% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 32: No options
DTF has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (32 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 2k shares a day on a market cap of $80M, with a beta of 0.28 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 13 / 25 | 1% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 5 / 15 | moat 3.1/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 2k shares/day, $80M cap, beta 0.28 |
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 DTF in the nightly calendar. The next ex-dividend date is 16 Nov 2026 (0.0325 per share).
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management - Income
The 12 companies below are the closest to DTF Tax-Free Income 2028 Term Fund Inc. by market cap within the Asset Management - Income 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 |
|---|---|---|---|---|---|
| GCV The Gabelli Convertible and Income Securities Fund Inc. | 4.04 | 15.93 | +75% | 39No options | $81M |
| RFM RiverNorth Flexible Municipal Income Fund, Inc. | 12.82 | 24.06 | +47% | 31No options | $78M |
| IAE Voya Asia Pacific High Dividend Equity Income Fund | 7.01 | 65.30 | +89% | 35No options | $75M |
| BHBFX Madison Dividend Income Fd Cl Y | 27.23 | 44.31 | +39% | 39No options | $86M |
| EVF Eaton Vance Senior Income Trust | 4.80 | 4.27 | -12% | 25No options | $87M |
| MGF Aberdeen Government Markets Income Fund | 13.46 | 17.58 | +23% | 39No options | $88M |
| JLS Nuveen Mortgage and Income Fund | 16.21 | 40.83 | +60% | 39No options | $89M |
| CEV Eaton Vance California Municipal Income Trust | 10.30 | 17.40 | +41% | 39No options | $72M |
| ERH Allspring Utilities and High Income Fund | 10.38 | 49.60 | +79% | 39No options | $92M |
| PGP PIMCO Global StocksPLUS & Income Fund | 8.09 | 35.24 | +77% | 39No options | $94M |
| PCF High Income Securities Fund | 5.05 | 18.07 | +72% | 39No options | $95M |
| ASIEX American Century Multisector Income Fund;Inv | 8.61 | 10.05 | +14% | 39No options | $95M |
⚖ Compare DTF with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about DTF
Is DTF undervalued right now?
Not meaningfully: at 11.44 the stock trades within a few percent of the GLS average fair value of 11.56 (1.0% below fair value, data as of 16 Oct 2026).
What is the Wheel Score of DTF and what does it mean?
DTF has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for DTF?
11.56 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 DTF Tax-Free Income 2028 Term Fund Inc. report earnings next?
No upcoming earnings date is recorded for DTF in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does DTF have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on DTF, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.