Stock fact sheet · data as of
Tema Photonics & Optical ETF (LAZR): fair value, margin of safety and Wheel Score
Ticker symbol LAZR · Financial Services · Asset Management · United States · Fund / Note
Is LAZR undervalued?
At 30.44 (close of 5 Nov 2026), LAZR has no GLS fair value: every one of the nine models needs a positive input (the company lost money over the last twelve months, EPS -0.63 and it pays no dividend), so the margin of safety is blank and the Wheel Score cannot be computed. Our scans leave the stock out at the first filter. What can be said from the nightly row is below.
LAZR 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 LAZR
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 | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| 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 | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 0.0000 | -100% | 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
No Piotroski health score is on file for LAZR (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. There is no GLS Moat score for LAZR: 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 0.0%, ROE 0.0%, ROA 0.0% - with debt at 0.00 times equity and negative free cash flow.
Tema Photonics & Optical ETF pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 4/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | - / 9 | ROIC | 0.0% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 0.0% |
| Debt / equity | 0.00 | ROA | 0.0% |
| Free-cash-flow yield | -32775.5% | Payout ratio | 0% |
| Institutions | 4 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 24: Weak
With a Wheel Score of 24 Tema Photonics & Optical ETF sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (855 open interest, 368 a day); and filter 2, a real business, not a gamble - a fund or note, not a company; and filter 3, below fair value - trades right at our fair value; and filter 8, big enough - market cap $1M (under $1.0B); Value (weak) is its weakest part.
Implied volatility is 68% on the near-the-money contracts 20-60 days out - above the 60% top of the sweet spot. It still passes the 25-80% filter, but the Wheel Score rewards it less because volatility this high usually comes with a reason. Chain open interest is thin - 855 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 175k shares a day on a market cap of $609K, with a beta of 7.78 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that weak.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (855 open interest, 368 a day) |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Fails | trades right at 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 | Fails | market cap $1M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 0% below fair value | |
| Premium | Strong | implied volatility 68% | |
| Moat | Weak | no moat score | |
| Health | Fair | no Piotroski score on file - half marks | |
| Red Flags | Strong | Red Flags score 95/100 | |
| Option trading | Weak | 368 contracts a day, 855 open interest | |
| Stability | Weak | beta 7.78, $1M 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 LAZR in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to Tema Photonics & Optical ETF by market cap within the Asset Management 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 |
|---|---|---|---|---|---|
| AT Defiance Robotics Actuators ETF | 18.55 | 15.01 | -24% | 15No options | $557K |
| ZINC Zacks Income ETF | 26.46 | 155.37 | +83% | 24No options | $529K |
| BREW Corgi ETF Trust I - Corgi Coffee & Energy Drinks ETF | 28.13 | 10.52 | -167% | 23Weak | $711K |
| GDT WisdomTree Efficient TIPS Plus Gold Fund | 32.04 | 13,884.52 | +100% | 26No options | $801K |
| CRY GraniteShares YieldBOOST CRCL ETF | 14.54 | 20.98 | +31% | 25No options | $804K |
| BRKL Corgi ETF Trust I - Corgi BRKB 2x Daily ETF | 30.70 | 5.70 | -438% | 12No options | $461K |
| NYNY Corgi NYC Based ETF | 27.65 | 31.67 | +13% | 23Weak | $830K |
| COOL VegaShares AI Thermal, Cooling & Power Management ETF | 17.48 | 9.37 | -86% | 12No options | $437K |
| CIR Corgi ETF Trust I - Corgi CRCL 2x Daily ETF | 21.55 | 9.31 | -131% | 12No options | $431K |
| CAPA Defiance AI Capacitors & MLCC ETF | 20.83 | - | - | 12No options | $426K |
| ATC GraniteShares Autocallable COIN ETF | 22.48 | 10.36 | -117% | 9No options | $899K |
| USMD CoreValues America First Technology ETF | 29.74 | 8.09 | -268% | 10No options | $998K |
⚖ Compare LAZR with 7 of them All Financial Services stocks →
Scan the whole market the same way
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 LAZR
Is LAZR undervalued right now?
The GLS models could not value LAZR (the company lost money over the last twelve months, EPS -0.63 and it pays no dividend), so there is no fair value or margin of safety to compare the price of 30.44 against.
What is the Wheel Score of LAZR and what does it mean?
LAZR scores 24 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 3, 8. 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 LAZR?
None of the nine GLS models produced a positive value for LAZR (the company lost money over the last twelve months, EPS -0.63 and it pays no dividend), so there is no GLS fair value tonight.
When does Tema Photonics & Optical ETF report earnings next?
No upcoming earnings date is recorded for LAZR in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does LAZR have listed options, and how liquid are they?
Yes. The nightly snapshot found 56 listed contracts with 855 open interest across all expiries and implied volatility of 68% 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.