Stock fact sheet · data as of
Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC): fair value, margin of safety and Wheel Score
Ticker symbol FFC · Financial Services · Asset Management - Income · United States · Preferred stock · Fund / Note
FFC is not Flaherty & Crumrine Preferred Securities Income Fund Inc.'s common stock: it is its preferred stock. Preferred shares pay a set dividend and rank ahead of the common stock if the company fails, but usually carry no vote and do not share in the company's growth the same way. The valuation models on this page are built for common stock and say little about a preferred share.
Is FFC undervalued?
Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) closed at 14.92 on 5 Nov 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 35.57, which puts the price 58% below it. 9 of the 9 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
There is a wide gap between DDM (18.47) and Graham Growth (99.28). 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.
FFC looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
Nine valuation models for FFC
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 | 20.05 | +34% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 26.08 | +75% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 99.28 | +565% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 43.39 | +191% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 34.37 | +130% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 24.62 | +65% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 34.58 | +132% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 18.47 | +24% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 19.29 | +29% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -10.23 | -169% | 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
Flaherty & Crumrine Preferred Securities Income Fund Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. 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. There is no GLS Moat score for FFC: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
Returns on capital are moderate - ROIC 5.3%, ROE 8.4%, ROA 5.3% - with debt at 0.59 times equity and a free-cash-flow yield of 8.3%.
The dividend yield is high at 8.41% (payout ratio 70%). 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. Revenue comes mainly from Division IV 15%, Division I 14%, Division III 14% (quarter Q1 FY2023).
Institutional ownership scores 3/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 5.3% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 8.4% |
| Debt / equity | 0.59 | ROA | 5.3% |
| Free-cash-flow yield | 8.3% | Payout ratio | 70% |
| Institutions | 3 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 26: No options
No options are listed on Flaherty & Crumrine Preferred Securities Income Fund Inc. in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 26, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 187k shares a day on a market cap of $719M, with a beta of 0.79 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Fails | market cap $719M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 58% below fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | no moat score | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.79, $719M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for FFC in the nightly calendar. The shares go ex-dividend on 20 Nov 2026 (0.1046 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.
Similar stocks in Asset Management - Income
The 12 companies below are the closest to Flaherty & Crumrine Preferred Securities Income 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 |
|---|---|---|---|---|---|
| JQC Nuveen Credit Strategies Income Fund | 4.61 | 4.83 | +5% | 14No options | $681M |
| NIE Virtus Equity & Convertible Income Fund | 24.25 | 118.88 | +80% | 27No options | $672M |
| PHK PIMCO High Income Fund | 4.15 | 5.13 | +19% | 19No options | $774M |
| ASGI Abrdn Global Infrastructure Income Fund | 21.02 | 81.47 | +74% | 26No options | $665M |
| GGN GAMCO Global Gold, Natural Resources & Income Trust | 5.10 | 34.23 | +85% | 31No options | $797M |
| EOI Eaton Vance Enhanced Equity Income Fund | 19.45 | 61.43 | +68% | 25No options | $797M |
| NKX Nuveen California AMT-Free Quality Municipal Income Fund | 11.28 | 8.66 | -30% | 11No options | $635M |
| PAXS PIMCO Access Income Fund | 13.44 | 24.93 | +46% | 26No options | $634M |
| PFN PIMCO Income Strategy Fund II | 6.37 | 14.79 | +57% | 23No options | $628M |
| PCN PIMCO Corporate & Income Strategy Fund | 11.12 | 9.02 | -23% | 14No options | $831M |
| AWF AllianceBernstein Global High Income Fund | 9.74 | 24.47 | +60% | 24No options | $840M |
| NRK Nuveen New York AMT-Free Quality Municipal Income Fund | 9.64 | 7.80 | -24% | 13No options | $841M |
⚖ Compare FFC with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about FFC
Is FFC the same as Flaherty & Crumrine Preferred Securities Income Fund Inc. stock?
No. FFC is not Flaherty & Crumrine Preferred Securities Income Fund Inc.'s common stock: it is its preferred stock. Preferred shares pay a set dividend and rank ahead of the common stock if the company fails, but usually carry no vote and do not share in the company's growth the same way. The valuation models on this page are built for common stock and say little about a preferred share.
Is FFC undervalued right now?
By the GLS models, yes: at 14.92 the stock is 58% below the average fair value of 35.57 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of FFC and what does it mean?
FFC has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for FFC?
35.57 per share as of 5 Nov 2026 - the simple average of the 9 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 Flaherty & Crumrine Preferred Securities Income Fund Inc. report earnings next?
No upcoming earnings date is recorded for FFC in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does FFC have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on FFC, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.