Stock fact sheet · data as of
Imperial Oil Limited (IMO): fair value, margin of safety and Wheel Score
Energy · Oil & Gas Integrated · Canada · Blend
Is IMO undervalued?
IMO closed at 129.59 on 16 Oct 2026, which is 15% above the GLS average fair value of 112.69 from 9 models. 7 of them value the shares below today's price. Our screens read that as "no margin of safety": the stock is not a value candidate at this price, whatever the quality numbers say.
There is a wide gap between GLS Growth (18.63) and 10 Cap (297.04). 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 IMO under Blend.
Nine valuation models for IMO
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 | 129.09 | -0% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 101.67 | -22% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 102.70 | -21% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 25.46 | -80% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 18.63 | -86% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 297.04 | +129% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 219.86 | +70% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 49.00 | -62% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 70.73 | -45% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -24.07 | -119% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 44.99 | -65% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Imperial Oil Limited scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. A GLS Moat score of 3.8/10 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 high - ROIC 12.3%, ROE 14.7%, ROA 7.7% - with debt at 0.20 times equity and a free-cash-flow yield of 6.2%.
The dividend yield is 1.81% at a payout ratio of 38%; 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. Revenue comes mainly from Downstream 97%, Chemical 2%, Upstream 1% (quarter Q2 FY2026).
Institutional ownership scores 3/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 12.3% |
|---|---|---|---|
| GLS Moat | 3.8 / 10 | ROE | 14.7% |
| Debt / equity | 0.20 | ROA | 7.7% |
| Free-cash-flow yield | 6.2% | Payout ratio | 38% |
| Institutions | 3 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 65: Good
With a Wheel Score of 65 - the Good band - Imperial Oil Limited falls just short of the Sunday Scan's "70 or higher" rule. The parts: Value 6/25, Health 16/20, Moat 6/15, Premium 20/20, Stability 17/20; Value (6/25) scores lowest.
Implied volatility is 36% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 1,553 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 720k shares a day on a market cap of $62.7B, with a beta of 0.81; the Stability part of the Wheel Score gives that 17 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 6 / 25 | -15% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 6 / 15 | moat 3.8/10 | |
| Premium | 20 / 20 | implied volatility 36% | |
| Stability | 17 / 20 | 720k shares/day, $62.7B cap, beta 0.81 |
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
Imperial Oil Limited reports earnings on 30 Oct 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Integrated
The 12 companies below are the closest to Imperial Oil Limited by market cap within the Oil & Gas Integrated 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 |
|---|---|---|---|---|---|
| CVE Cenovus Energy Inc. | 31.97 | 39.13 | +18% | 76Good | $59.0B |
| E Eni S.p.A. | 57.44 | 49.74 | -15% | 60Fair | $83.8B |
| SU Suncor Energy Inc. | 75.89 | 92.02 | +18% | 83Prime | $89.6B |
| EQNR Equinor ASA | 44.92 | 81.52 | +45% | 88Prime | $107.4B |
| EC Ecopetrol S.A. | 17.70 | 22,902.35 | +100% | 86Prime | $36.4B |
| BP BP p.l.c. | 48.44 | 69.46 | +30% | 89Prime | $127.0B |
| PBR Petróleo Brasileiro S.A. - Petrobras | 25.94 | 115.09 | +77% | 90Prime | $167.2B |
| YPF YPF Sociedad Anónima | 52.25 | 1,397,751.10 | +100% | 45Weak | $20.5B |
| TTE TotalEnergies SE | 89.64 | 115.53 | +22% | 74Good | $199.6B |
| SHEL Shell plc | 103.58 | 134.16 | +23% | 82Prime | $295.1B |
| CVX Chevron Corporation | 219.39 | 163.30 | -34% | 53Fair | $433.5B |
| NFG National Fuel Gas Company | 78.38 | 65.86 | -19% | 65Good | $7.4B |
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Start free See the Sunday ScanQuestions about IMO
Is IMO undervalued right now?
No: at 129.59 the stock trades 15% above the GLS average fair value of 112.69 (data as of 16 Oct 2026). The margin of safety is negative.
What is the Wheel Score of IMO and what does it mean?
IMO scores 65 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 IMO?
112.69 per share as of 16 Oct 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 Imperial Oil Limited report earnings next?
The next earnings report is due on 30 Oct 2026 (before the open), 14 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does IMO have listed options, and how liquid are they?
Yes. The nightly snapshot found 260 listed contracts with 1,553 open interest across all expiries and implied volatility of 36% 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.