Stock fact sheet · data as of
Universal Display Corporation (OLED): fair value, margin of safety and Wheel Score
Ticker symbol OLED · Technology · Hardware, Equipment & Parts · United States · Blend
Is OLED undervalued?
At 89.57 (close of 5 Nov 2026), OLED trades within a few percent of the GLS average fair value of 81.94 (9.3% above fair value). 9 models produced a value and they split 3 above the price to 6 below. A stock priced at fair value earns about half of the Wheel Score's Value points; the rest of the score comes from health, moat, premium and stability.
The 9 models disagree widely: DDM gives 28.69 while Graham Growth gives 183.59. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for OLED, so the nightly engine files it under Blend (value score 37, growth score 36, out of 100).
Nine valuation models for OLED
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 | 46.28 | -48% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 64.25 | -28% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 183.59 | +105% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 72.46 | -19% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 71.11 | -21% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 112.88 | +26% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 102.20 | +14% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 28.69 | -68% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 56.00 | -37% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 19.64 | -78% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 103.33 | +15% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - OLED passes 5 of the nine Piotroski tests, which falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 8.1 out of 10 - high returns on capital, steady margins and growth that held up through bad years point to a durable business.
Returns on capital are high - ROIC 13.6%, ROE 13.7%, ROA 12.3% - with debt at 0.01 times equity and a free-cash-flow yield of 4.5%.
The dividend yield is 2.18% at a payout ratio of 39%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Material Sales 50%, Royalty And License Fees 47%, Contract Research Services 3% (quarter Q3 FY2026).
Institutional ownership scores 10/10, insider activity 7/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 13.6% |
|---|---|---|---|
| GLS Moat | 8.1 / 10 | ROE | 13.7% |
| Debt / equity | 0.01 | ROA | 12.3% |
| Free-cash-flow yield | 4.5% | Payout ratio | 39% |
| Institutions | 10 / 10 | Insiders · Congress | 7 · 5 / 10 |
Wheel Score 37: Weak
OLED scores 37 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 3, below fair value - trades 9% above our fair value; and filter 4, financially healthy - Piotroski 5/9 (under 6), and the parts are thin too - value weak, premium strong, moat strong, health fair, red flags fair, option trading fair, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 50% 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 15,115 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 926k shares a day on a market cap of $4.0B, with a beta of 1.51 - 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 fair.
| 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 9% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 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 | 9% above fair value | |
| Premium | Strong | implied volatility 50% | |
| Moat | Strong | moat 8.1/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | Red Flags score 75/100 | |
| Option trading | Fair | 930 contracts a day, 15,115 open interest | |
| Stability | Fair | beta 1.51, $4.0B 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 OLED in the nightly calendar. The next ex-dividend date is 17 Dec 2026 (0.5000 per share).
Analysts downgraded OLED 1 time in the last 30 days with no upgrades; the latest action was a reiterated rating by Susquehanna on 29 Oct 2026.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Hardware, Equipment & Parts
The 12 companies below are the closest to Universal Display Corporation by market cap within the Hardware, Equipment & Parts 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 |
|---|---|---|---|---|---|
| VSH Vishay Intertechnology, Inc. | 25.84 | 18.80 | -37% | 36Weak | $3.7B |
| ITRI Itron, Inc. | 101.60 | 172.59 | +41% | 82Good | $4.5B |
| VNT Vontier Corporation | 37.58 | 42.65 | +12% | 47Weak | $5.1B |
| OSIS OSI Systems, Inc. | 202.92 | 278.28 | +27% | 48Weak | $3.2B |
| NOVT Novanta Inc. | 145.23 | 40.22 | -261% | 37Weak | $5.5B |
| PLXS Plexus Corp. | 206.72 | 92.81 | -123% | 38Weak | $5.5B |
| KN Knowles Corporation | 33.70 | 21.28 | -58% | 38Weak | $2.9B |
| ST Sensata Technologies Holding plc | 41.12 | 40.29 | -2% | 41Weak | $6.0B |
| BELFB Bel Fuse Inc. | 217.43 | 112.91 | -93% | 37Weak | $2.7B |
| ESE ESCO Technologies Inc. | 239.86 | 266.11 | +10% | 38Weak | $6.2B |
| BELFA Bel Fuse Inc. | 174.19 | 98.60 | -77% | 20No options | $2.6B |
| BHE Benchmark Electronics, Inc. | 65.26 | 34.97 | -87% | 36Weak | $2.3B |
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 OLED
Is OLED undervalued right now?
Not meaningfully: at 89.57 the stock trades within a few percent of the GLS average fair value of 81.94 (9.3% above fair value, data as of 5 Nov 2026).
What is the Wheel Score of OLED and what does it mean?
OLED scores 37 out of 100 (Weak) - it fails Wheel Trade Filters 3, 4. 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 OLED?
81.94 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 Universal Display Corporation report earnings next?
No upcoming earnings date is recorded for OLED in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does OLED have listed options, and how liquid are they?
Yes. The nightly snapshot found 60 listed contracts with 15,115 open interest across all expiries and implied volatility of 50% 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.