Stock fact sheet · data as of
Eaton Vance Floating-Rate Income Trust (EFT): fair value, margin of safety and Wheel Score
Financial Services · Asset Management - Income · United States · High Yield Income
Is EFT undervalued?
Eaton Vance Floating-Rate Income Trust (EFT) closed at 10.63 on 16 Oct 2026. The GLS average fair value - the simple average of the 8 valuation models that produced a positive number - is 12.80, so the price sits 17% below it. 3 of the 8 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.
There is a wide gap between GLS Growth (1.12) and 10 Cap (47.81). 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 EFT under High Yield Income: a dividend yield above 4%.
Nine valuation models for EFT
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 | 10.18 | -4% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 6.16 | -42% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 1.53 | -86% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 1.12 | -89% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 47.81 | +350% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 18.28 | +72% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 13.13 | +23% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 4.24 | -60% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -5.18 | -149% | 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
Eaton Vance Floating-Rate Income Trust scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of 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 2.3/10 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 1.4%, ROE 2.1%, ROA 1.4% - with debt at 0.46 times equity and a free-cash-flow yield of 22.5%.
The dividend yield is high at 8.39% (payout ratio 393%) - a payout above 100% of earnings, which is not covered by profits. 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 4/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 1.4% |
|---|---|---|---|
| GLS Moat | 2.3 / 10 | ROE | 2.1% |
| Debt / equity | 0.46 | ROA | 1.4% |
| Free-cash-flow yield | 22.5% | Payout ratio | 393% |
| Institutions | 4 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 39: No options
No options are listed on Eaton Vance Floating-Rate Income Trust in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 39) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 137k shares a day on a market cap of $283M, with a beta of 0.42 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 7 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 20 / 25 | 17% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 3 / 15 | moat 2.3/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 7 / 20 | 137k shares/day, $283M cap, beta 0.42 |
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 EFT in the nightly calendar.
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 Eaton Vance Floating-Rate Income Trust 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 |
|---|---|---|---|---|---|
| HPF John Hancock Preferred Income Fund II | 12.98 | 24.81 | +48% | 39No options | $281M |
| XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | 18.74 | 41.78 | +55% | 39No options | $285M |
| AIHAX Horizon Active Income Fund - Advisor Class | 7.73 | 4.89 | -58% | 17No options | $286M |
| PFCOX PFG American Funds Cons Inc Strat R | 9.80 | 11.76 | +17% | 39No options | $278M |
| JRI Nuveen Real Asset Income and Growth Fund | 10.48 | 30.40 | +66% | 39No options | $288M |
| TEI Templeton Emerging Markets Income Fund | 6.15 | 36.59 | +83% | 39No options | $290M |
| OIA Invesco Municipal Income Opportunities Trust | 5.76 | 4.97 | -16% | 30No options | $275M |
| NCZ Virtus Convertible & Income Fund II | 13.97 | 108.62 | +87% | 39No options | $266M |
| BRW Saba Capital Income & Opportunities Fund | 5.91 | 18.88 | +69% | 39No options | $301M |
| BGT BlackRock Floating Rate Income Trust | 10.09 | 25.67 | +61% | 39No options | $301M |
| TSI TCW Strategic Income Fund, Inc. | 4.16 | 5.47 | +24% | 39No options | $264M |
| JGH Nuveen Global High Income Fund | 11.38 | 30.66 | +63% | 39No options | $264M |
⚖ Compare EFT with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about EFT
Is EFT undervalued right now?
By the GLS models, moderately: at 10.63 the stock trades 17% below the average fair value of 12.80 (data as of 16 Oct 2026).
What is the Wheel Score of EFT and what does it mean?
EFT 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 EFT?
12.80 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 Eaton Vance Floating-Rate Income Trust report earnings next?
No upcoming earnings date is recorded for EFT in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does EFT have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on EFT, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.