Stock fact sheet · data as of
NCR Atleos Corporation (NATL): fair value, margin of safety and Wheel Score
Technology · Software - Application · United States · Value
Is NATL undervalued?
NATL closed at 46.06 on 16 Oct 2026, 15% below the GLS average fair value of 53.88 from 8 models (3 of them above the price). That is a moderate margin of safety: the stock passes the "below fair value" rule of the Sunday Scan, and the Wheel Score gives it 19 of the 25 Value points.
There is a wide gap between GLS Growth (7.77) and DCF (139.66). 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 NATL under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for NATL
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 | 139.66 | +203% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 19.38 | -58% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 110.01 | +139% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 44.97 | -2% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 7.77 | -83% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 51.67 | +12% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 28.05 | -39% | 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 | 29.51 | -36% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -46.58 | -201% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 42.47 | -8% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
NCR Atleos Corporation scores 7 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. A GLS Moat score of 4.6/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 4.9%, ROE 40.2%, ROA 2.9% - with debt at 7.19 times equity and a free-cash-flow yield of 3.2%. Debt of 7.19 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
NCR Atleos Corporation pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Recurring revenue 70%, All other products and services 30% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 4.9% |
|---|---|---|---|
| GLS Moat | 4.6 / 10 | ROE | 40.2% |
| Debt / equity | 7.19 | ROA | 2.9% |
| Free-cash-flow yield | 3.2% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 69: Good
With a Wheel Score of 69 - the Good band - NCR Atleos Corporation falls just short of the Sunday Scan's "70 or higher" rule. The parts: Value 19/25, Health 16/20, Moat 7/15, Premium 12/20, Stability 16/20; Moat (7/15) scores lowest.
Implied volatility is 27% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (12 of 20 points). Chain open interest is thin - 698 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 889k shares a day on a market cap of $3.4B, with a beta of 0.57 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 16 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 19 / 25 | 15% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 7 / 15 | moat 4.6/10 | |
| Premium | 12 / 20 | implied volatility 27% | |
| Stability | 16 / 20 | 889k shares/day, $3.4B cap, beta 0.57 |
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, 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 Software - Application
The 12 companies below are the closest to NCR Atleos Corporation by market cap within the Software - Application 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 |
|---|---|---|---|---|---|
| BULL Webull Corporation Class A Ordinary Shares | 6.30 | 7.07 | +11% | 73Good | $3.4B |
| LIF Life360, Inc. | 42.14 | 29.57 | -42% | 47Weak | $3.4B |
| SRAD Sportradar Group AG | 11.63 | 6.85 | -70% | 59Fair | $3.4B |
| BRZE Braze, Inc. | 30.38 | 15.98 | -90% | 45Weak | $3.5B |
| INTA Intapp, Inc. | 43.63 | 43.07 | -1% | 45Weak | $3.3B |
| AGYS Agilysys, Inc. | 113.42 | 73.75 | -54% | 59Fair | $3.2B |
| IPEU IPE Universal Inc. | 14.00 | 0.1720 | -8040% | 21No options | $3.6B |
| QTWO Q2 Holdings, Inc. | 59.43 | 63.38 | +6% | 73Good | $3.7B |
| FRSH Freshworks Inc. | 14.25 | 20.61 | +31% | 84Prime | $3.7B |
| WIX Wix.com Ltd. | 74.31 | 186.00 | +60% | 45Weak | $3.1B |
| SPSC SPS Commerce, Inc. | 85.27 | 86.96 | +2% | 79Good | $3.1B |
| WK Workiva Inc. | 72.64 | 43.15 | -68% | 58Fair | $4.0B |
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Start free See the Sunday ScanQuestions about NATL
Is NATL undervalued right now?
By the GLS models, moderately: at 46.06 the stock trades 15% below the average fair value of 53.88 (data as of 16 Oct 2026).
What is the Wheel Score of NATL and what does it mean?
NATL scores 69 out of 100 (Good). 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 NATL?
53.88 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 NCR Atleos Corporation report earnings next?
The next earnings report is due on 4 Nov 2026, 19 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does NATL have listed options, and how liquid are they?
Yes. The nightly snapshot found 104 listed contracts with 698 open interest across all expiries and implied volatility of 27% 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.