Stock fact sheet · data as of
The Gabelli Convertible and Income Securities Fund Inc. (GCV): fair value, margin of safety and Wheel Score
Ticker symbol GCV · Financial Services · Asset Management - Income · United States · Fund / Note
Is GCV undervalued?
The Gabelli Convertible and Income Securities Fund Inc. (GCV) closed at 3.95 on 5 Nov 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 24.35, which puts the price 84% below it. 8 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.
The 9 models disagree widely: DCF gives 3.13 while Graham Growth gives 86.14. 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.
GCV 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 GCV
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 | 3.13 | -21% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 11.84 | +200% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 86.14 | +2081% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 37.65 | +853% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 44.41 | +1024% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 4.74 | +20% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 7.45 | +89% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 7.06 | +79% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 16.73 | +324% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.2957 | -107% | 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 average - GCV passes 5 of the nine Piotroski tests, which falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. There is no GLS Moat score for GCV: 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 high - ROIC 24.6%, ROE 24.6%, ROA 22.8% - with debt at 0.00 times equity and a free-cash-flow yield of 6.0%.
The dividend yield is high at 12.15% (payout ratio 48%). 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 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 24.6% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 24.6% |
| Debt / equity | 0.00 | ROA | 22.8% |
| Free-cash-flow yield | 6.0% | Payout ratio | 48% |
| Institutions | 3 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 26: No options
GCV has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (26 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 32k shares a day on a market cap of $80M, 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 $80M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 3.95 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 84% 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, $80M 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 GCV 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 The Gabelli Convertible and Income Securities 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 |
|---|---|---|---|---|---|
| DTF DTF Tax-Free Income 2028 Term Fund Inc. | 11.42 | 11.56 | +1% | 10No options | $80M |
| RFM RiverNorth Flexible Municipal Income Fund, Inc. | 13.54 | 24.06 | +44% | 26No options | $83M |
| CEV Eaton Vance California Municipal Income Trust | 10.61 | 17.39 | +39% | 26No options | $75M |
| BHBFX Madison Dividend Income Fd Cl Y | 28.70 | 44.31 | +35% | 24No options | $87M |
| EVF Eaton Vance Senior Income Trust | 4.86 | 4.27 | -14% | 18No options | $88M |
| MGF Aberdeen Government Markets Income Fund | 13.76 | 17.85 | +23% | 20No options | $90M |
| JLS Nuveen Mortgage and Income Fund | 16.62 | 41.10 | +60% | 28No options | $91M |
| NMS Nuveen Minnesota Quality Municipal Income Fund | 10.55 | 29.91 | +65% | 26No options | $68M |
| PCF High Income Securities Fund | 5.08 | 18.34 | +72% | 25No options | $95M |
| ASIEX American Century Multisector Income Fund;Inv | 8.68 | 10.05 | +14% | 22No options | $95M |
| ERH Allspring Utilities and High Income Fund | 10.88 | 8.56 | -27% | 13No options | $96M |
| PGP PIMCO Global StocksPLUS & Income Fund | 8.35 | 35.35 | +76% | 28No options | $97M |
⚖ Compare GCV with 7 of them All Financial Services stocks →
Scan 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 top 10 stocks that pass all 9 Wheel Trade Filters, 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 GCV
Is GCV undervalued right now?
By the GLS models, yes: at 3.95 the stock is 84% below the average fair value of 24.35 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of GCV and what does it mean?
GCV 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 GCV?
24.35 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 The Gabelli Convertible and Income Securities Fund Inc. report earnings next?
No upcoming earnings date is recorded for GCV in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does GCV have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on GCV, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.