Stock fact sheet · data as of
Medline Inc. (MDLN): fair value, margin of safety and Wheel Score
Healthcare · Medical - Instruments & Supplies · United States · High Growth
Is MDLN undervalued?
Medline Inc. (MDLN) closed at 36.57 on 16 Oct 2026, close to the GLS average fair value of 37.97 (3.7% below fair value). 4 of the 8 models that produced a number sit above the price, 4 below - the market and our models roughly agree. With little margin of safety either way, the case for or against the stock rests on the quality numbers and the option premium rather than on price.
There is a wide gap between EPV (8.96) and Payback Time (79.82). 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 MDLN under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for MDLN
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 | 67.02 | +83% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 15.65 | -57% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 24.35 | -33% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 9.02 | -75% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 49.36 | +35% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 49.54 | +35% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 79.82 | +118% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 8.96 | -76% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -9.71 | -127% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 44.11 | +21% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Medline Inc. scores 8 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. On durability MDLN scores 5.4/10 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 5.0%, ROE 10.8%, ROA 3.0% - with debt at 1.17 times equity and a free-cash-flow yield of 6.3%.
Medline Inc. 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 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 8 / 9 | ROIC | 5.0% |
|---|---|---|---|
| GLS Moat | 5.4 / 10 | ROE | 10.8% |
| Debt / equity | 1.17 | ROA | 3.0% |
| Free-cash-flow yield | 6.3% | Payout ratio | 14% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 80: Prime
With a Wheel Score of 80, Medline Inc. sits in the Prime band - price, quality and premium all line up for the wheel strategy. The parts: Value 14/25, Health 18/20, Moat 8/15, Premium 20/20, Stability 20/20. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.
Implied volatility is 55% 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 25,482 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 7.7M shares a day on a market cap of $32.1B, with a beta of -0.41 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 20 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 14 / 25 | 4% margin of safety | |
| Health | 18 / 20 | Piotroski 8/9 | |
| Moat | 8 / 15 | moat 5.4/10 | |
| Premium | 20 / 20 | implied volatility 55% | |
| Stability | 20 / 20 | 7.7M shares/day, $32.1B cap, beta -0.41 |
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 4 Nov 2026 (before the open), 19 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Medical - Instruments & Supplies
The 12 companies below are the closest to Medline Inc. by market cap within the Medical - Instruments & Supplies 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 |
|---|---|---|---|---|---|
| RMD ResMed Inc. | 235.29 | 307.44 | +23% | 87Prime | $33.1B |
| WST West Pharmaceutical Services, Inc. | 374.65 | 104.99 | -257% | 65Good | $26.4B |
| BDX Becton, Dickinson and Company | 193.76 | 145.93 | -33% | 57Fair | $52.8B |
| SOLV Solventum Corporation | 87.26 | 100.23 | +13% | 79Good | $14.9B |
| BAX Baxter International Inc. | 25.76 | 24.77 | -4% | 45Weak | $13.3B |
| RGEN Repligen Corporation | 178.20 | 25.50 | -599% | 58Fair | $11.3B |
| COO The Cooper Companies, Inc. | 57.40 | 51.06 | -12% | 65Good | $10.9B |
| AVTR Avantor, Inc. | 16.09 | 17.57 | +8% | 45Weak | $10.9B |
| ATR AptarGroup, Inc. | 124.26 | 102.12 | -22% | 60Fair | $7.9B |
| ISRG Intuitive Surgical, Inc. | 427.86 | 228.86 | -87% | 68Good | $151.2B |
| BLCO Bausch + Lomb Corporation | 16.66 | 10.95 | -52% | 45Weak | $6.0B |
| MMSI Merit Medical Systems, Inc. | 89.57 | 65.92 | -36% | 59Fair | $5.3B |
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Start free See the Sunday ScanQuestions about MDLN
Is MDLN undervalued right now?
Not meaningfully: at 36.57 the stock trades within a few percent of the GLS average fair value of 37.97 (3.7% below fair value, data as of 16 Oct 2026).
What is the Wheel Score of MDLN and what does it mean?
MDLN scores 80 out of 100 (Prime). 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 MDLN?
37.97 per share as of 16 Oct 2026 - the simple average of the 8 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 Medline Inc. report earnings next?
The next earnings report is due on 4 Nov 2026 (before the open), 19 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does MDLN have listed options, and how liquid are they?
Yes. The nightly snapshot found 250 listed contracts with 25,482 open interest across all expiries and implied volatility of 55% 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.