Stock fact sheet · data as of
Janus Living, Inc. (JAN): fair value, margin of safety and Wheel Score
Ticker symbol JAN · Real Estate · REIT - Diversified · United States · Class A common stock · Growth
JAN is Janus Living, Inc.'s Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is JAN undervalued?
JAN closed at 30.07 on 5 Nov 2026, more than 30% above the GLS average fair value of 11.38. 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 "below fair value" Wheel Trade Filter keeps names like this under 70.
There is a wide gap between Payback Time (1.04) and DCF (76.55). 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, JAN is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 19, growth score 71, out of 100).
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 | 76.55 | +155% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 5.10 | -83% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 6.41 | -79% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 2.80 | -91% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 2.19 | -93% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 1.93 | -94% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 1.04 | -97% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 5.18 | -83% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 1.25 | -96% | 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 | 32.82 | +9% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
No Piotroski health score is on file for JAN (the statements it needs were not available), so the Health part of the Wheel Score counts it at half marks - 10 of 20 - rather than marking the stock down for missing data. A GLS Moat score of 3.8/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -3.5%, ROE -3.5%, ROA -1.7% - with debt at 0.00 times equity and a free-cash-flow yield of 0.2%.
The dividend yield is 1.17% 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 | - / 9 | ROIC | -3.5% |
|---|---|---|---|
| GLS Moat | 3.8 / 10 | ROE | -3.5% |
| Debt / equity | 0.00 | ROA | -1.7% |
| Free-cash-flow yield | 0.2% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 34: Weak
With a Wheel Score of 34 Janus Living, Inc. sits in the Weak band. It fails filter 3, below fair value - trades 164% above our fair value; Value (weak) is its weakest part.
Implied volatility is 53% 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 2,056 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 4.2M shares a day on a market cap of $7.0B, 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 rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded 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 | Fails | trades 164% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 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 | Weak | 164% above fair value | |
| Premium | Strong | implied volatility 53% | |
| Moat | Fair | moat 3.8/10 | |
| Health | Fair | no Piotroski score on file - half marks | |
| Red Flags | Strong | Red Flags score 90/100 | |
| Option trading | Weak | 528 contracts a day, 2,056 open interest | |
| Stability | Good | beta 0.32, $7.0B 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 JAN in the nightly calendar. The shares go ex-dividend on 12 Nov 2026 (0.0475 per share), so a covered call sold before then carries a small early-assignment risk around that date.
No analyst upgrades or downgrades were recorded in the last 30 days.
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. | 28.12 | 21.57 | -30% | 32Weak | $6.1B |
| RITM Rithm Capital Corp. | 9.50 | 47.38 | +80% | 54Fair | $5.3B |
| BNL Broadstone Net Lease, Inc. | 18.03 | 15.24 | -18% | 31Weak | $3.5B |
| WPC W. P. Carey Inc. | 65.36 | 60.67 | -8% | 23Weak | $15.0B |
| RWTQ Redwood Trust, Inc. | 20.80 | 5.56 | -274% | 11No options | $2.6B |
| PMTW PennyMac Mortgage Investment Trust | 24.97 | 14.89 | -68% | 12No options | $1.8B |
| VICI VICI Properties Inc. | 25.25 | 48.57 | +48% | 48Weak | $27.8B |
| GNL Global Net Lease, Inc. | 7.09 | 17.31 | +59% | 33Weak | $1.6B |
| FISK Empire State Realty OP, L.P. | 5.36 | 13.48 | +60% | 29No options | $1.5B |
| ESBA Empire State Realty OP, L.P. | 5.03 | 13.25 | +62% | 27No options | $1.4B |
| OGCP Empire State Realty OP, L.P. | 4.94 | 5.62 | +12% | 22No options | $1.4B |
| AAT American Assets Trust, Inc. | 22.09 | 18.10 | -22% | 34Weak | $1.4B |
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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 JAN
What kind of share is JAN?
JAN is Janus Living, Inc.'s Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is JAN undervalued right now?
No: at 30.07 the stock trades 164% above the GLS average fair value of 11.38 (data as of 5 Nov 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 34 out of 100 (Weak) - it fails Wheel Trade Filter 3. 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 JAN?
11.38 per share as of 5 Nov 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?
No upcoming earnings date is recorded for JAN in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does JAN have listed options, and how liquid are they?
Yes. The nightly snapshot found 36 listed contracts with 2,056 open interest across all expiries and implied volatility of 53% 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.