Stock fact sheet · data as of
GAMCO Global Gold, Natural Resources & Income Trust (GGN): fair value, margin of safety and Wheel Score
Financial Services · Asset Management - Income · United States · High Growth
Is GGN undervalued?
GGN has a margin of safety of 85%: the stock closed at 5.24 on 16 Oct 2026 against a GLS average fair value of 33.92. 7 of the 7 valuation models that produced a number sit above the price. Our screens treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 7 models disagree widely: DDM gives 5.37 while GLS Growth gives 68.12. 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.
The nightly engine files GGN under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for GGN
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 | 48.17 | +819% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 11.99 | +129% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 63.64 | +1115% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 27.82 | +431% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 68.12 | +1200% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 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 | 5.37 | +2% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 12.36 | +136% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.5257 | -110% | 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 - GGN passes 5 of the nine Piotroski tests, which falls one point short of the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 2.7 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are high - ROIC 32.9%, ROE 33.6%, ROA 30.9% - with debt at 0.02 times equity and negative free cash flow.
The dividend yield is high at 6.97% (payout ratio 0%). 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 2/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 32.9% |
|---|---|---|---|
| GLS Moat | 2.7 / 10 | ROE | 33.6% |
| Debt / equity | 0.02 | ROA | 30.9% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 2 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
GGN has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 449k shares a day on a market cap of $819M, with a beta of 0.32 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 12 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 85% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 4 / 15 | moat 2.7/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 12 / 20 | 449k shares/day, $819M cap, beta 0.32 |
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 GGN in the nightly calendar. The shares go ex-dividend on 16 Oct 2026 (0.0350 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 GAMCO Global Gold, Natural Resources & Income Trust 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 |
|---|---|---|---|---|---|
| NRK Nuveen New York AMT-Free Quality Municipal Income Fund | 9.34 | 7.80 | -20% | 29No options | $815M |
| EOI Eaton Vance Enhanced Equity Income Fund | 19.71 | 61.40 | +68% | 39No options | $808M |
| AWF AllianceBernstein Global High Income Fund | 9.62 | 24.31 | +60% | 39No options | $830M |
| NXP Nuveen Select Tax-Free Income Portfolio | 13.19 | 13.67 | +3% | 36No options | $831M |
| PCN PIMCO Corporate & Income Strategy Fund | 10.50 | 8.98 | -17% | 34No options | $785M |
| PHK PIMCO High Income Fund | 4.02 | 5.12 | +21% | 39No options | $750M |
| CAHEX Calamos Hedged Equity Income Fund Class A | 20.76 | 33.58 | +38% | 39No options | $896M |
| CHY Calamos Convertible and High Income Fund | 11.41 | 54.96 | +79% | 39No options | $917M |
| PTA Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund | 16.71 | 52.79 | +68% | 39No options | $924M |
| PINCX Putnam Income Fund Class A | 4.87 | 3.39 | -44% | 25No options | $952M |
| NIE Virtus Equity & Convertible Income Fund | 25.33 | 118.87 | +79% | 39No options | $702M |
| FPF First Trust Intermediate Duration Preferred & Income Fund | 15.70 | 41.39 | +62% | 39No options | $955M |
⚖ Compare GGN with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about GGN
Is GGN undervalued right now?
By the GLS models, yes: at 5.24 the stock is 85% below the average fair value of 33.92 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of GGN and what does it mean?
GGN 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 GGN?
33.92 per share as of 16 Oct 2026 - the simple average of the 7 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 GAMCO Global Gold, Natural Resources & Income Trust report earnings next?
No upcoming earnings date is recorded for GGN in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does GGN have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on GGN, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.