Stock fact sheet · data as of
iShares S&P GSCI Commodity-Indexed Trust (GSG): fair value, margin of safety and Wheel Score
Ticker symbol GSG · Financial Services · Asset Management · United States · Value
Is GSG undervalued?
At 34.20 (close of 5 Nov 2026), GSG trades 74% below the GLS average fair value of 129.84. 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 (26.82) 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.
Ranked against every other company we cover, GSG is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 81, growth score 30, out of 100).
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 | 26.82 | -22% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 67.25 | +97% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 122.15 | +257% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 30.29 | -11% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 157.43 | +360% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 227.29 | +565% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 323.38 | +846% | 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 | +146% | 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 "Piotroski 6 or more" Wheel Trade Filter. 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. On durability GSG scores 5.3/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
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 28.7%.
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 | 5.3 / 10 | ROE | 5.3% |
| Debt / equity | 0.00 | ROA | 5.2% |
| Free-cash-flow yield | 28.7% | Payout ratio | 0% |
| Institutions | 6 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 45: Weak
With a Wheel Score of 45 iShares S&P GSCI Commodity-Indexed Trust sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (905 open interest, 247 a day); and filter 4, financially healthy - Piotroski 5/9 (under 6); Option trading (weak) is its weakest part.
Implied volatility is 39% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 905 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 1.6M 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 rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (905 open interest, 247 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 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 | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 74% below fair value | |
| Premium | Strong | implied volatility 39% | |
| Moat | Fair | moat 5.3/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | Red Flags score 72/100 | |
| Option trading | Weak | 247 contracts a day, 905 open interest | |
| Stability | Fair | beta 1.27, $1.3B 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 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 |
|---|---|---|---|---|---|
| MYI BlackRock MuniYield Quality Fund III, Inc. | 10.21 | 14.39 | +29% | 26No options | $1.2B |
| ACEVX American Century International Value Fund Investor Class | 12.80 | 13.20 | +3% | 13No options | $1.3B |
| HQH Abrdn Healthcare Investors | 21.56 | 51.71 | +58% | 32No options | $1.2B |
| MUC BlackRock MuniHoldings California Quality Fund, Inc. | 10.19 | 20.37 | +50% | 26No options | $1.3B |
| DXYZ Destiny Tech100 Inc. | 26.93 | 226.48 | +88% | 44Weak | $1.3B |
| DESIX DFA Emerging Markets Sustainability Core 1 Portfolio Institutional Class | 12.38 | 7.36 | -68% | 11No options | $1.3B |
| MSDL Morgan Stanley Direct Lending Fund | 14.42 | 46.72 | +69% | 48Weak | $1.2B |
| OIIEX Optimum International Equity Fund Class I | 17.84 | 38.84 | +54% | 26No options | $1.2B |
| MPEGX Morgan Stanley Inst Discovery Portfolio;I | 24.71 | 4.62 | -435% | 11No options | $1.2B |
| FLMFX Meeder Muirfield Retail | 11.35 | 6.47 | -75% | 13No options | $1.3B |
| ARTTX Artisan Focus Fund Investor Shares | 27.33 | 14.88 | -84% | 11No options | $1.3B |
| JFR Nuveen Floating Rate Income Fund | 7.31 | 7.97 | +8% | 18No options | $1.2B |
⚖ Compare GSG with 7 of them All Financial Services stocks →
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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 GSG
Is GSG undervalued right now?
By the GLS models, yes: at 34.20 the stock is 74% below the average fair value of 129.84 (data as of 5 Nov 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 45 out of 100 (Weak) - it fails Wheel Trade Filters 1, 4. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for GSG?
129.84 per share as of 5 Nov 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 5 Nov 2026; the Calendars page is refreshed every morning.
Does GSG have listed options, and how liquid are they?
Yes. The nightly snapshot found 128 listed contracts with 905 open interest across all expiries and implied volatility of 39% 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.