Stock fact sheet · data as of
Fidelity Ohio Municipal Income Fund (FOHFX): fair value, margin of safety and Wheel Score
Financial Services · Asset Management - Income · United States · Blend
Is FOHFX undervalued?
At 11.06 (close of 16 Oct 2026), FOHFX trades 125% over the GLS average fair value of 4.92, with 0 of 1 models above the price. The stock earns none of the Wheel Score's Value points at this price. That is a statement about price against trailing fundamentals, not about the company's prospects - the Wall Street View and the Growth tab on the Quote page carry the forward numbers.
The average is built from just 1 models (DDM) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files FOHFX under Blend.
Nine valuation models for FOHFX
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 | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 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 | 4.92 | -56% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -0.9429 | -109% | 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 Ohio Municipal Income Fund scores only 4 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 2.7/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 4.0%, ROE 4.4%, ROA 4.0% - with debt at 0.10 times equity and negative free cash flow.
The dividend yield is 3.02% at a payout ratio of 0%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 4.0% |
|---|---|---|---|
| GLS Moat | 2.7 / 10 | ROE | 4.4% |
| Debt / equity | 0.10 | ROA | 4.0% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 20: No options
No options are listed on Fidelity Ohio Municipal Income Fund in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 20) 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 $494M, with a beta of 0.92; the Stability part of the Wheel Score gives that 7 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -125% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 4 / 15 | moat 2.7/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 7 / 20 | 0k shares/day, $494M cap, beta 0.92 |
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 FOHFX in the nightly calendar.
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 Fidelity Ohio Municipal Income Fund 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 |
|---|---|---|---|---|---|
| AVK Advent Convertible and Income Fund | 11.14 | 68.04 | +84% | 39No options | $492M |
| WIW Western Asset Inflation-Linked Opportunities & Income Fund | 7.87 | 10.96 | +28% | 39No options | $482M |
| CHW Calamos Global Dynamic Income Fund | 7.96 | 79.20 | +90% | 39No options | $508M |
| IIM Invesco Value Municipal Income Trust | 10.84 | 10.13 | -7% | 37No options | $510M |
| IQI Invesco Quality Municipal Income Trust | 8.89 | 8.08 | -10% | 35No options | $470M |
| HIMYX Victory High Income Municipal Fund - Class Y | 5.16 | 3.68 | -40% | 21No options | $523M |
| FAX Abrdn Asia-Pacific Income Fund Inc | 12.83 | 26.93 | +52% | 39No options | $530M |
| BLW BlackRock Limited Duration Income Trust | 11.65 | 35.26 | +67% | 39No options | $456M |
| FFA First Trust Enhanced Equity Income Fund | 22.44 | 116.49 | +81% | 39No options | $449M |
| ETB Eaton Vance Tax-Managed Buy-Write Income Fund | 15.25 | 58.22 | +74% | 39No options | $448M |
| LDP Cohen & Steers Limited Duration Preferred and Income Fund, Inc. | 18.98 | 44.01 | +57% | 39No options | $552M |
| VVR Invesco Senior Income Trust | 2.85 | 4.10 | +30% | 39No options | $439M |
⚖ Compare FOHFX with 7 of them All Financial Services stocks →
Screen the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about FOHFX
Is FOHFX undervalued right now?
No: at 11.06 the stock trades 125% above the GLS average fair value of 4.92 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of FOHFX and what does it mean?
FOHFX 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 FOHFX?
4.92 per share as of 16 Oct 2026 - the simple average of the 1 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 Ohio Municipal Income Fund report earnings next?
No upcoming earnings date is recorded for FOHFX in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does FOHFX have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on FOHFX, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.