Stock fact sheet · data as of
Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Speculative / Distressed
Is EXG undervalued?
EXG has a margin of safety of 83%: the stock closed at 9.37 on 16 Oct 2026 against a GLS average fair value of 55.25. 6 of the 7 valuation models that produced a number sit above the price. Our screens treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 7 models disagree widely: DCF gives 8.50 while GLS Growth gives 136.32. 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 EXG under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for EXG
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 | 8.50 | -9% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 22.58 | +141% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 127.37 | +1259% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 55.67 | +494% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 136.32 | +1355% | 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 | 11.60 | +24% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 24.74 | +164% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.1283 | -101% | 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: EXG passes 0 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 3.9 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 high - ROIC 14.0%, ROE 14.0%, ROA 13.8% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is high at 8.41% (payout ratio 0%). 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 3/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 0 / 9 | ROIC | 14.0% |
|---|---|---|---|
| GLS Moat | 3.9 / 10 | ROE | 14.0% |
| Debt / equity | 0.00 | ROA | 13.8% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 3 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
EXG 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" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 415k shares a day on a market cap of $2.9B, with a beta of 1.01; the Stability part of the Wheel Score gives that 14 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 83% margin of safety | |
| Health | 0 / 20 | Piotroski 0/9 | |
| Moat | 6 / 15 | moat 3.9/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 14 / 20 | 415k shares/day, $2.9B cap, beta 1.01 |
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 EXG 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 Eaton Vance Tax-Managed Global Diversified Equity Income 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 |
|---|---|---|---|---|---|
| PSPAX PIMCO Stocks PLUS Bond Alpha A | 10.87 | 41.90 | +74% | 39No options | $2.9B |
| SII Sprott Inc. | 110.54 | 104.69 | -6% | 70Good | $2.8B |
| AAGPX American Beacon Large Cap Value Fund Investor Class | 25.33 | 46.42 | +45% | 39No options | $2.8B |
| ARTMX Artisan Mid Cap Fund Inv Shs | 34.14 | 36.90 | +7% | 39No options | $2.9B |
| DHLYX Diamond Hill Large Cap Fund Class Y | 34.95 | 18.62 | -88% | 21No options | $2.9B |
| CLXRX Columbia Large Cap Index Fund Institutional 2 Class | 61.59 | 2,485.24 | +98% | 39No options | $2.9B |
| FSK FS KKR Capital Corp. | 10.73 | 50.09 | +79% | 45Weak | $3.0B |
| LCGNX William Blair Large Cap Growth N | 28.48 | 37.96 | +25% | 39No options | $2.8B |
| YAFIX AMG Yacktman Focused I | 23.81 | 29.22 | +19% | 39No options | $3.0B |
| VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | 10.70 | 3.04 | -252% | 26No options | $3.0B |
| HFMIX The Hartford MidCap Fund | 21.65 | 325.59 | +93% | 39No options | $3.1B |
| HFMSX The Hartford MidCap Fund Class R4 | 26.61 | 390.89 | +93% | 39No options | $3.1B |
⚖ Compare EXG with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about EXG
Is EXG undervalued right now?
By the GLS models, yes: at 9.37 the stock is 83% below the average fair value of 55.25 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of EXG and what does it mean?
EXG 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 EXG?
55.25 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 Eaton Vance Tax-Managed Global Diversified Equity Income Fund report earnings next?
No upcoming earnings date is recorded for EXG in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does EXG have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on EXG, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.