EQT Corporation (EQT): fair value, margin of safety and Wheel Score

Is EQT undervalued?

At 52.45 (close of 16 Oct 2026), EQT trades 42% below the GLS average fair value of 91.21. That average comes from 9 models run on the latest filings, and 6 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns EQT Corporation the full Value points in the Wheel Score - and a closer look at what the market is pricing in.

The 9 models disagree widely: DDM gives 9.71 while DCF gives 185.17. 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 EQT under Value: positive earnings at a P/E of 18 or less.

Nine valuation models for EQT

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.

Quality and financial health

On financial health EQT scores 7/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is low at 2.5 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 moderate - ROIC 6.5%, ROE 8.6%, ROA 4.9% - with debt at 0.33 times equity and a free-cash-flow yield of 11.5%.

The dividend yield is 1.26% with a payout ratio of 14% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Oil Sales 100% (fiscal year FY2025).

Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 10/10 on the GLS smart-money scales.

Wheel Score 84: Prime

EQT scores 84 out of 100 on the Wheel Score, in the Prime band (80 and above), which fewer than one stock in twenty reaches on any night. The score blends five things a wheel trader checks before selling a cash-secured put: the margin of safety (Value, 25/25), Piotroski health (16/20), the GLS moat (4/15), the option premium on offer (20/20) and how easily the stock trades (20/20).

Implied volatility is 35% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. The option chain is deep: 365,643 contracts of open interest across all expiries, which means tight fills at most strikes.

Volume runs at 5.5M shares a day on a market cap of $32.8B, with a beta of 0.58 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 20 of 20.

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

EQT Corporation reports earnings on 20 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. The shares go ex-dividend on 4 Nov 2026 (0.1700 per share), so a covered call sold before then carries a small early-assignment risk around that date.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

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