Stock fact sheet · data as of
Janus Living, Inc. (JAN): fair value, margin of safety and Wheel Score
Real Estate · REIT - Diversified · United States · Speculative / Distressed
Is JAN undervalued?
JAN closed at 29.29 on 16 Oct 2026, more than 30% above the GLS average fair value of 12.91. Only 1 of the 9 models that produced a value sit above the price. By our models the shares are priced well beyond what the filed earnings, cash flow and book value support; the Sunday Scan drops names like this at the "below fair value" rule.
There is a wide gap between Payback Time (1.49) and DCF (73.58). 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 JAN under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for JAN
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 | 73.58 | +151% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 8.25 | -72% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 12.34 | -58% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 5.39 | -82% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 3.59 | -88% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 4.63 | -84% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 1.49 | -95% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 4.47 | -85% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 2.40 | -92% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.3960 | -101% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 32.91 | +12% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Janus Living, Inc. scores only 0 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. 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. On durability JAN scores 6.7/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are thin or negative - ROIC -3.5%, ROE -3.5%, ROA -1.7% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is 1.04% with a payout ratio of 0% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Resident Fees and Services 100% (quarter Q2 FY2026).
Institutional ownership scores 5/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 0 / 9 | ROIC | -3.5% |
|---|---|---|---|
| GLS Moat | 6.7 / 10 | ROE | -3.5% |
| Debt / equity | 0.00 | ROA | -1.7% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 45: Weak
With a Wheel Score of 45 Janus Living, Inc. sits in the Weak band, capped at 45 because the engine files it as Speculative / Distressed. The parts - Value 0/25, Health 0/20, Moat 10/15, Premium 20/20, Stability 19/20 - show where: Value (0/25) scores lowest.
Implied volatility is 40% 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 - 754 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 1.9M shares a day on a market cap of $6.8B, with a beta of 0.32 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 19 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -127% margin of safety | |
| Health | 0 / 20 | Piotroski 0/9 | |
| Moat | 10 / 15 | moat 6.7/10 | |
| Premium | 20 / 20 | implied volatility 40% | |
| Stability | 19 / 20 | 1.9M shares/day, $6.8B cap, beta 0.32 |
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
The next earnings report is due on 2 Nov 2026 (after the close), 17 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium. The shares go ex-dividend on 16 Oct 2026 (0.0475 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in REIT - Diversified
The 12 companies below are the closest to Janus Living, Inc. by market cap within the REIT - Diversified 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 |
|---|---|---|---|---|---|
| EPRT Essential Properties Realty Trust, Inc. | 25.96 | 20.82 | -25% | 65Good | $5.6B |
| RITM Rithm Capital Corp. | 8.35 | 54.12 | +85% | 77Good | $4.7B |
| BNL Broadstone Net Lease, Inc. | 18.15 | 14.69 | -24% | 59Fair | $3.5B |
| WPC W. P. Carey Inc. | 63.56 | 58.37 | -9% | 56Fair | $14.5B |
| RWTQ Redwood Trust, Inc. | 19.35 | 7.35 | -163% | 12No options | $2.4B |
| VICI VICI Properties Inc. | 22.94 | 46.99 | +51% | 74Good | $25.3B |
| GNL Global Net Lease, Inc. | 7.44 | 19.02 | +61% | 45Weak | $1.7B |
| AAT American Assets Trust, Inc. | 21.45 | 16.17 | -33% | 51Fair | $1.3B |
| OGCP Empire State Realty OP, L.P. | 4.70 | 6.00 | +22% | 39No options | $1.3B |
| ESBA Empire State Realty OP, L.P. | 4.67 | 12.91 | +64% | 39No options | $1.3B |
| FISK Empire State Realty OP, L.P. | 4.51 | 13.38 | +66% | 39No options | $1.3B |
| SCCE Sachem Capital Corp. 6.00% Note | 24.50 | 19.47 | -26% | 18No options | $1.1B |
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Start free See the Sunday ScanQuestions about JAN
Is JAN undervalued right now?
No: at 29.29 the stock trades 127% above the GLS average fair value of 12.91 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of JAN and what does it mean?
JAN scores 45 out of 100 (Weak). 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 JAN?
12.91 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 Janus Living, Inc. report earnings next?
The next earnings report is due on 2 Nov 2026 (after the close), 17 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does JAN have listed options, and how liquid are they?
Yes. The nightly snapshot found 80 listed contracts with 754 open interest across all expiries and implied volatility of 40% 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.