Stock fact sheet · data as of
iShares S&P GSCI Commodity-Indexed Trust (GSG): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Value
Is GSG undervalued?
At 36.58 (close of 16 Oct 2026), GSG trades 72% below the GLS average fair value of 129.77. That average comes from 8 models run on the latest filings, and 6 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns iShares S&P GSCI Commodity-Indexed Trust the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between DCF (26.23) and Payback Time (323.38). 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 GSG under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for GSG
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 | 26.23 | -28% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 67.25 | +84% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 122.15 | +234% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 30.29 | -17% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 157.43 | +330% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 227.29 | +521% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 323.38 | +784% | 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 | 84.13 | +130% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.3159 | -101% | 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
iShares S&P GSCI Commodity-Indexed Trust scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 3.4/10 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 moderate - ROIC 5.3%, ROE 5.3%, ROA 5.2% - with debt at 0.00 times equity and a free-cash-flow yield of 26.8%.
iShares S&P GSCI Commodity-Indexed Trust pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 6/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 5.3% |
|---|---|---|---|
| GLS Moat | 3.4 / 10 | ROE | 5.3% |
| Debt / equity | 0.00 | ROA | 5.2% |
| Free-cash-flow yield | 26.8% | Payout ratio | 0% |
| Institutions | 6 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 74: Good
With a Wheel Score of 74 - the Good band - iShares S&P GSCI Commodity-Indexed Trust clears the Sunday Scan's "70 or higher" rule. The parts: Value 25/25, Health 11/20, Moat 5/15, Premium 16/20, Stability 16/20; Moat (5/15) scores lowest.
Implied volatility is 31% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (16 of 20 points). Chain open interest is 2,840 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 2.2M shares a day on a market cap of $1.3B, with a beta of 1.27 - 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 16 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 72% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 5 / 15 | moat 3.4/10 | |
| Premium | 16 / 20 | implied volatility 31% | |
| Stability | 16 / 20 | 2.2M shares/day, $1.3B cap, beta 1.27 |
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 GSG 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 iShares S&P GSCI Commodity-Indexed Trust 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 |
|---|---|---|---|---|---|
| BPAIX Boston Partners All-Cap Value Fd Insti Class | 38.58 | 31.77 | -21% | 21No options | $1.3B |
| BCSFX Brown Capital Management International Small Company Fund Institutional Shares | 22.31 | 556.65 | +96% | 39No options | $1.3B |
| ECAT BlackRock ESG Capital Allocation Trust | 13.57 | 75.35 | +82% | 39No options | $1.3B |
| RLITX Lazard International Strategic Eq R6 | 13.45 | 21.63 | +38% | 39No options | $1.4B |
| ARTTX Artisan Focus Fund Investor Shares | 27.47 | 14.88 | -85% | 23No options | $1.3B |
| LISOX Lazard International Strategic Equity Ptf Open Shares | 13.64 | 10.25 | -33% | 22No options | $1.4B |
| NFJ Virtus Dividend, Interest & Premium Strategy Fund | 14.62 | 89.19 | +84% | 39No options | $1.4B |
| DXYZ Destiny Tech100 Inc. | 28.88 | 226.48 | +87% | 45Weak | $1.4B |
| FLMFX Meeder Muirfield Retail | 11.30 | 6.51 | -74% | 30No options | $1.3B |
| BTT Blackrock Municipal 2030 Target Term Trust | 21.85 | 24.87 | +12% | 39No options | $1.4B |
| BCAT BlackRock Capital Allocation Trust | 13.14 | 74.26 | +82% | 39No options | $1.4B |
| RYTFX Royce Small-Cap Total Return Fund;Service | 7.83 | 12.58 | +38% | 39No options | $1.3B |
⚖ Compare GSG with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about GSG
Is GSG undervalued right now?
By the GLS models, yes: at 36.58 the stock is 72% below the average fair value of 129.77 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of GSG and what does it mean?
GSG scores 74 out of 100 (Good). 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 GSG?
129.77 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 iShares S&P GSCI Commodity-Indexed Trust report earnings next?
No upcoming earnings date is recorded for GSG in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does GSG have listed options, and how liquid are they?
Yes. The nightly snapshot found 220 listed contracts with 2,840 open interest across all expiries and implied volatility of 31% 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.