Stock fact sheet · data as of
Alger Russell Innovation ETF (INVN): fair value, margin of safety and Wheel Score
Ticker symbol INVN · Financial Services · Asset Management - Global · United States · Fund / Note
Is INVN undervalued?
At 27.43 (close of 5 Nov 2026), INVN trades 88% below the GLS average fair value of 227.71. That average comes from 3 models run on the latest filings, and 1 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 Alger Russell Innovation ETF the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The average is built from just 3 models (DCF, 10 Cap, DDM) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
INVN looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
Nine valuation models for INVN
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 | 8.32 | -70% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 673.90 | +2357% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 0.9117 | -97% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 385.31 | +1305% | 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
Alger Russell Innovation ETF scores only 4 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. There is no GLS Moat score for INVN: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
Returns on capital are thin or negative - ROIC -4.0%, ROE -5.6%, ROA -3.4% - with debt at 0.40 times equity and a free-cash-flow yield of 685.9%.
The dividend yield is 0.23% with a payout ratio of 0% - a small yield that leaves most of the earnings in the business.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | -4.0% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | -5.6% |
| Debt / equity | 0.40 | ROA | -3.4% |
| Free-cash-flow yield | 685.9% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 25: No options
No options are listed on Alger Russell Innovation ETF in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 25, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 1k shares a day on a market cap of $11M, with a beta of 0.87; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 4/9 (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 | Fails | no implied volatility |
| 8 | Big enough | Fails | market cap $11M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 88% below fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | no moat score | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.87, $11M 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 INVN in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management - Global
The 12 companies below are the closest to Alger Russell Innovation ETF by market cap within the Asset Management - Global industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
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|---|---|---|---|---|---|
| LVAFX LSV Global Managed Volatility Fund | 13.38 | 117.41 | +89% | 26No options | $11M |
| WAGSX Wasatch Global Select Fund Investor Class | 10.02 | 3,940.66 | +100% | 25No options | $10M |
| CNGLX Commonwealth Global Fund | 23.80 | 1,049.70 | +98% | 29No options | $19M |
| MGQIX MSIF Global Stars Portfolio - I | 12.85 | 2,162.83 | +99% | 24No options | $20M |
| AIAFX abrdn Global Infrastructure Fund Class A | 28.22 | 28.82 | +2% | 11No options | $44M |
| KTEC KraneShares Hang Seng TECH Index ETF | 11.48 | 16.01 | +28% | 41Weak | $47M |
| EGLE Global X - S&P 500 U.S. Revenue Leaders ETF | 32.39 | 72.13 | +55% | 28No options | $2M |
| GLOW VictoryShares WestEnd Global Equity ETF | 34.87 | 5.74 | -508% | 10No options | $66M |
| FLAG Global X - S&P 500 U.S. Market Leaders Top 50 ETF | 30.11 | 4.53 | -565% | 11No options | $2M |
| OBEGX Oberweis Global Opportunities Fund Investor Class | 36.03 | 491.68 | +93% | 25No options | $70M |
| GDO Western Asset Global Corporate Defined Opportunity Fund Inc. | 9.53 | 28.77 | +67% | 26No options | $72M |
| TDI Touchstone Dynamic International ETF | 45.19 | 680.47 | +93% | 28No options | $82M |
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Start free See the Sunday ScanQuestions about INVN
Is INVN undervalued right now?
By the GLS models, yes: at 27.43 the stock is 88% below the average fair value of 227.71 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of INVN and what does it mean?
INVN has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for INVN?
227.71 per share as of 5 Nov 2026 - the simple average of the 3 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 Alger Russell Innovation ETF report earnings next?
No upcoming earnings date is recorded for INVN in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does INVN have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on INVN, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.