Stock fact sheet · data as of
Fidelity ZERO Large Cap Index Fund (FNILX): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Blend
Is FNILX undervalued?
Fidelity ZERO Large Cap Index Fund (FNILX) closed at 27.77 on 16 Oct 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 42.77, which puts the price 35% below it. 4 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 (3.23) and 10 Cap (107.47). 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 FNILX under Blend.
Nine valuation models for FNILX
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 | 19.98 | -28% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 21.60 | -22% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 58.55 | +111% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 23.76 | -14% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 30.49 | +10% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 107.47 | +287% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 103.65 | +273% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 3.23 | -88% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 16.15 | -42% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -27.91 | -201% | 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
Fidelity ZERO Large Cap Index Fund scores 8 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 FNILX scores 5.4/10 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 thin or negative - ROIC 3.0%, ROE 8.1%, ROA 1.7% - with debt at 1.65 times equity and a free-cash-flow yield of 16.4%.
The dividend yield is 0.89% with a payout ratio of 44% - a small yield that leaves most of the earnings in the business.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 8 / 9 | ROIC | 3.0% |
|---|---|---|---|
| GLS Moat | 5.4 / 10 | ROE | 8.1% |
| Debt / equity | 1.65 | ROA | 1.7% |
| Free-cash-flow yield | 16.4% | Payout ratio | 44% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
No options are listed on Fidelity ZERO Large Cap Index Fund 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 - a day on a market cap of $19.2B, with a beta of 1.01; the Stability part of the Wheel Score gives that 12 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 35% margin of safety | |
| Health | 18 / 20 | Piotroski 8/9 | |
| Moat | 8 / 15 | moat 5.4/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 12 / 20 | 0k shares/day, $19.2B 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 FNILX 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 Fidelity ZERO Large Cap Index 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 |
|---|---|---|---|---|---|
| LZOEX Lazard Emerging Markets Equity Portfolio | 32.34 | 1.35 | -2297% | 28No options | $20.0B |
| VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | 10.18 | 3.29 | -209% | 34No options | $18.5B |
| IHGIX Hartford Dividend and Growth Fund Class A | 39.57 | 45.58 | +13% | 39No options | $18.3B |
| HDGCX The Hartford Dividend and Growth Fund Class C | 37.28 | 86.42 | +57% | 39No options | $18.3B |
| PS Pershing Square Inc. | 45.58 | 2.34 | -1852% | 31Weak | $18.2B |
| VPCCX Vanguard PRIMECAP Core Fund | 45.62 | 67.74 | +33% | 39No options | $17.9B |
| RPTIX T. Rowe Price Mid-Cap Growth Fund | 100.80 | 114.61 | +12% | 39No options | $20.7B |
| FIDZX Fidelity Advisor International Capital Appreciation Fund Class Z | 36.66 | 26.01 | -41% | 37No options | $17.6B |
| TROW T. Rowe Price Group, Inc. | 99.62 | 116.88 | +15% | 81Prime | $21.3B |
| WCMRX WCM Focused International Growth Fd Inv Cl | 26.34 | 20.04 | -31% | 21No options | $21.5B |
| TRRHX T. Rowe Price Retirement 2025 Fund | 18.71 | 184.14 | +90% | 39No options | $17.1B |
| JVMRX John Hancock Funds Disciplined Value Mid Cap Fund | 31.36 | 5.15 | -509% | 31No options | $22.5B |
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Start free See the Sunday ScanQuestions about FNILX
Is FNILX undervalued right now?
By the GLS models, yes: at 27.77 the stock is 35% below the average fair value of 42.77 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of FNILX and what does it mean?
FNILX 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 FNILX?
42.77 per share as of 16 Oct 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 Fidelity ZERO Large Cap Index Fund report earnings next?
No upcoming earnings date is recorded for FNILX in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does FNILX have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on FNILX, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.