Stock fact sheet · data as of
Invitation Homes Inc. (INVH): fair value, margin of safety and Wheel Score
Real Estate · REIT - Residential · United States · High Yield Income
Is INVH undervalued?
At 26.80 (close of 16 Oct 2026), INVH trades 25% over the GLS average fair value of 21.36. 3 of the 9 models land above the price and 6 below. A negative margin of safety costs Value points in the Wheel Score (2 of 25 here) - the models see no discount, which does not make the business a poor one, only the price a full one.
There is a wide gap between GLS Growth (2.54) and DCF (45.95). 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 INVH under High Yield Income: a dividend yield above 4%.
Nine valuation models for INVH
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 | 45.95 | +71% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 19.58 | -27% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 17.99 | -33% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 4.46 | -83% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 2.54 | -91% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 37.74 | +41% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 33.93 | +27% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 17.66 | -34% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 12.39 | -54% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -14.46 | -154% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 31.67 | +18% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Invitation Homes Inc. 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 4.8/10 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 thin or negative - ROIC 3.3%, ROE 6.2%, ROA 3.1% - with debt at 0.88 times equity and a free-cash-flow yield of 6.8%.
The dividend yield is high at 4.48% (payout ratio 109%) - a payout above 100% of earnings, which is not covered by profits. 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 10/10, insider activity 5/10 and Congressional trading 1/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 3.3% |
|---|---|---|---|
| GLS Moat | 4.8 / 10 | ROE | 6.2% |
| Debt / equity | 0.88 | ROA | 3.1% |
| Free-cash-flow yield | 6.8% | Payout ratio | 109% |
| Institutions | 10 / 10 | Insiders · Congress | 5 · 1 / 10 |
Wheel Score 55: Fair
A Wheel Score of 55 puts Invitation Homes Inc. in the Fair band - below the 70 the Sunday Scan requires. Value 2/25, Health 16/20, Moat 7/15, Premium 10/20 and Stability 20/20; the weakest part is Value (2/25).
Implied volatility is 25% 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 (10 of 20 points). Chain open interest is 24,500 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 4.2M shares a day on a market cap of $15.8B, with a beta of 0.83; the Stability part of the Wheel Score gives that 20 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 2 / 25 | -25% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 7 / 15 | moat 4.8/10 | |
| Premium | 10 / 20 | implied volatility 25% | |
| Stability | 20 / 20 | 4.2M shares/day, $15.8B cap, beta 0.83 |
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
Invitation Homes Inc. reports earnings on 28 Oct 2026 (after the close) - 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 REIT - Residential
The 12 companies below are the closest to Invitation Homes Inc. by market cap within the REIT - Residential 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 |
|---|---|---|---|---|---|
| ESS Essex Property Trust, Inc. | 269.66 | 230.97 | -17% | 58Fair | $17.3B |
| SUI Sun Communities, Inc. | 114.24 | 90.77 | -26% | 45Weak | $13.9B |
| MAA Mid-America Apartment Communities, Inc. | 116.27 | 72.10 | -61% | 50Fair | $13.5B |
| ELS Equity LifeStyle Properties, Inc. | 60.25 | 28.93 | -108% | 58Fair | $11.7B |
| AMH American Homes 4 Rent | 30.97 | 30.76 | -1% | 80Prime | $11.1B |
| VMRK Vivmark Residential | 60.80 | 59.36 | -2% | 65Good | $22.8B |
| UDR UDR, Inc. | 33.96 | 30.05 | -13% | 63Fair | $10.9B |
| CPT Camden Property Trust | 98.19 | 84.06 | -17% | 56Fair | $9.9B |
| IRT Independence Realty Trust, Inc. | 14.70 | 7.98 | -84% | 54Fair | $3.5B |
| MRP Millrose Properties, Inc. | 22.22 | 156.58 | +86% | 82Prime | $3.4B |
| UMH UMH Properties, Inc. | 15.03 | 13.17 | -14% | 56Fair | $1.3B |
| CSR Centerspace | 55.88 | 74.14 | +25% | 71Good | $939M |
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Start free See the Sunday ScanQuestions about INVH
Is INVH undervalued right now?
No: at 26.80 the stock trades 25% above the GLS average fair value of 21.36 (data as of 16 Oct 2026). The margin of safety is negative.
What is the Wheel Score of INVH and what does it mean?
INVH scores 55 out of 100 (Fair). 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 INVH?
21.36 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 Invitation Homes Inc. report earnings next?
The next earnings report is due on 28 Oct 2026 (after the close), 12 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does INVH have listed options, and how liquid are they?
Yes. The nightly snapshot found 116 listed contracts with 24,500 open interest across all expiries and implied volatility of 25% 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.