Stock fact sheet · data as of
Flex Ltd. (FLEX): fair value, margin of safety and Wheel Score
Technology · Hardware, Equipment & Parts · United States · High Growth
Is FLEX undervalued?
Flex Ltd. (FLEX) closed at 98.50 on 16 Oct 2026, 27% above the GLS average fair value of 77.50. Only 3 of the 8 models that produced a number value the shares above the current price. The margin of safety is negative, so the stock fails the "below fair value" rule of the Sunday Scan; a premium of this size is common for companies whose growth the models are conservative about.
There is a wide gap between EPV (28.91) and Graham Growth (148.81). 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 FLEX under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for FLEX
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 | 29.08 | -70% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 29.34 | -70% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 148.81 | +51% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 65.04 | -34% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 128.39 | +30% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 85.07 | -14% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 105.35 | +7% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 28.91 | -71% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -1.58 | -102% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 147.50 | +50% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Flex Ltd. scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. On durability FLEX scores 6.5/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are moderate - ROIC 9.3%, ROE 17.1%, ROA 4.0% - with debt at 0.84 times equity and a free-cash-flow yield of 2.9%.
Flex Ltd. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Flex Agility Solutions (FAS) 54%, Flex Reliability Solutions (FRS) 46% (quarter Q3 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 1/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 9.3% |
|---|---|---|---|
| GLS Moat | 6.5 / 10 | ROE | 17.1% |
| Debt / equity | 0.84 | ROA | 4.0% |
| Free-cash-flow yield | 2.9% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 1 / 10 |
Wheel Score 61: Fair
A Wheel Score of 61 puts Flex Ltd. in the Fair band - below the 70 the Sunday Scan requires. Value 1/25, Health 16/20, Moat 10/15, Premium 16/20 and Stability 18/20; the weakest part is Value (1/25).
Implied volatility is 77% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (16 of 20) because volatility this high usually comes with a reason. The option chain is deep: 66,187 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 8.6M shares a day on a market cap of $36.4B, with a beta of 1.66 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 18 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 1 / 25 | -27% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 10 / 15 | moat 6.5/10 | |
| Premium | 16 / 20 | implied volatility 77% | |
| Stability | 18 / 20 | 8.6M shares/day, $36.4B cap, beta 1.66 |
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
Flex Ltd. reports earnings on 28 Oct 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Hardware, Equipment & Parts
The 12 companies below are the closest to Flex Ltd. by market cap within the Hardware, Equipment & Parts 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 |
|---|---|---|---|---|---|
| CLS Celestica Inc. | 315.25 | 271.99 | -16% | 70Good | $39.8B |
| JBL Jabil Inc. | 287.14 | 224.07 | -28% | 61Fair | $30.1B |
| TDY Teledyne Technologies Incorporated | 608.90 | 412.38 | -48% | 61Fair | $28.2B |
| COHR Coherent, Inc. | 250.60 | 104.47 | -140% | 55Fair | $49.4B |
| GRMN Garmin Ltd. | 285.22 | 198.72 | -44% | 67Good | $55.0B |
| KEYS Keysight Technologies, Inc. | 342.04 | 94.23 | -263% | 63Fair | $58.2B |
| FTV Fortive Corporation | 57.78 | 32.97 | -75% | 63Fair | $17.5B |
| MKSI MKS Inc. | 228.52 | 114.56 | -99% | 55Fair | $15.5B |
| FN Fabrinet | 385.20 | 302.13 | -27% | 60Fair | $13.8B |
| TRMB Trimble Inc. | 59.10 | 50.18 | -18% | 45Weak | $13.8B |
| VICR Vicor Corporation | 245.35 | 74.68 | -229% | 44Weak | $11.3B |
| GLW Corning Inc | 138.36 | 46.92 | -195% | 61Fair | $119.2B |
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Start free See the Sunday ScanQuestions about FLEX
Is FLEX undervalued right now?
No: at 98.50 the stock trades 27% above the GLS average fair value of 77.50 (data as of 16 Oct 2026). The margin of safety is negative.
What is the Wheel Score of FLEX and what does it mean?
FLEX scores 61 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for FLEX?
77.50 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 Flex Ltd. report earnings next?
The next earnings report is due on 28 Oct 2026 (before the open), 12 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does FLEX have listed options, and how liquid are they?
Yes. The nightly snapshot found 530 listed contracts with 66,187 open interest across all expiries and implied volatility of 77% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.