Stock fact sheet · data as of
New Covenant Balanced Growth Fd (NCBGX): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · High Yield Income
Is NCBGX undervalued?
New Covenant Balanced Growth Fd (NCBGX) closed at 132.04 on 16 Oct 2026. The GLS average fair value - the simple average of the 3 valuation models that produced a positive number - is 2,005.38, which puts the price 93% below it. 2 of the 3 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
Only 3 of the nine models produced a value (DCF, 10 Cap, DDM); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
The nightly engine files NCBGX under High Yield Income: a dividend yield above 4%.
Nine valuation models for NCBGX
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 | 3.97 | -97% | Present value of the projected free cash flows, discounted at the cost of capital |
| 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 | 495.23 | +275% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 5,516.93 | +4078% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 18.68 | -86% | 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
On financial health NCBGX scores 7/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is 5.2 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.
Returns on capital are moderate - ROIC 11.0%, ROE 11.6%, ROA 9.1% - with debt at 0.06 times equity and a free-cash-flow yield of 0.4%.
The dividend yield is high at 8.50% (payout ratio 71%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 11.0% |
|---|---|---|---|
| GLS Moat | 5.2 / 10 | ROE | 11.6% |
| Debt / equity | 0.06 | ROA | 9.1% |
| Free-cash-flow yield | 0.4% | Payout ratio | 71% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
NCBGX has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at - a day on a market cap of $362M, with a beta of 0.91; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 93% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 8 / 15 | moat 5.2/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 0k shares/day, $362M cap, beta 0.91 |
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
No upcoming earnings date is recorded for NCBGX 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 New Covenant Balanced Growth Fd 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 |
|---|---|---|---|---|---|
| MUA BlackRock MuniAssets Fund, Inc. | 9.40 | 15.51 | +39% | 39No options | $362M |
| FRA BlackRock Floating Rate Income Strategies Fund, Inc. | 10.14 | 24.50 | +59% | 39No options | $359M |
| ECCC Eagle Point Credit Company Inc. | 23.33 | 14.09 | -66% | 17No options | $368M |
| NOLCX Northern Large Cap Core | 35.94 | 350.09 | +90% | 39No options | $370M |
| SOR Source Capital, Inc. | 44.99 | 165.94 | +73% | 39No options | $370M |
| RAM Roundhill T-REX 2X Long DRAM Daily Target ETF | 9.30 | - | - | 32Weak | $352M |
| ACCNX American Century Core Plus Fd Investor Cl | 8.82 | 10.64 | +17% | 39No options | $352M |
| GECCI Great Elm Capital Corp. 8.50% Notes DUE 2029 | 25.11 | 55.27 | +55% | 39No options | $351M |
| SDHY PGIM Short Duration High Yield Opportunities Fund | 15.11 | 63.69 | +76% | 39No options | $373M |
| MCI Barings Corporate Investors | 18.26 | 38.44 | +52% | 39No options | $376M |
| BTA Beacon Tactical Alternatives Risk ETF | 25.82 | 7.48 | -245% | 6No options | $347M |
| AUUCX AB Select US Equity C | 23.22 | 20.72 | -12% | 27No options | $347M |
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Start free See the Sunday ScanQuestions about NCBGX
Is NCBGX undervalued right now?
By the GLS models, yes: at 132.04 the stock is 93% below the average fair value of 2,005.38 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of NCBGX and what does it mean?
NCBGX has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for NCBGX?
2,005.38 per share as of 16 Oct 2026 - the simple average of the 3 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 New Covenant Balanced Growth Fd report earnings next?
No upcoming earnings date is recorded for NCBGX in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does NCBGX have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on NCBGX, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.