Stock fact sheet · data as of
PIMCO High Income Fund (PHK): fair value, margin of safety and Wheel Score
Financial Services · Asset Management - Income · United States · High Yield Income
Is PHK undervalued?
PHK closed at 4.02 on 16 Oct 2026, 21% below the GLS average fair value of 5.12 from 9 models (6 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 21 of the 25 Value points.
There is a wide gap between DCF (0.1013) and Graham Growth (10.84). 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 PHK under High Yield Income: a dividend yield above 4%.
Nine valuation models for PHK
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 | 0.1013 | -97% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 6.79 | +69% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 10.84 | +170% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 3.62 | -10% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 1.32 | -67% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 5.04 | +25% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 4.83 | +20% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 8.48 | +111% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 5.02 | +25% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -1.25 | -131% | 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
PIMCO High Income Fund scores only 4 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 1.3/10 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 moderate - ROIC 7.2%, ROE 10.0%, ROA 6.9% - with debt at 0.38 times equity and a free-cash-flow yield of 6.3%.
The dividend yield is high at 14.33% (payout ratio 110%) - a payout above 100% of earnings, which is not covered by profits. 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 2/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 7.2% |
|---|---|---|---|
| GLS Moat | 1.3 / 10 | ROE | 10.0% |
| Debt / equity | 0.38 | ROA | 6.9% |
| Free-cash-flow yield | 6.3% | Payout ratio | 110% |
| Institutions | 2 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 39: No options
No options are listed on PIMCO High Income Fund in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 39) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 1.6M shares a day on a market cap of $750M, with a beta of 0.56 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 15 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 21 / 25 | 21% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 2 / 15 | moat 1.3/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 15 / 20 | 1.6M shares/day, $750M cap, beta 0.56 |
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 PHK in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management - Income
The 12 companies below are the closest to PIMCO High Income Fund by market cap within the Asset Management - Income 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 |
|---|---|---|---|---|---|
| PCN PIMCO Corporate & Income Strategy Fund | 10.50 | 8.98 | -17% | 34No options | $785M |
| NIE Virtus Equity & Convertible Income Fund | 25.33 | 118.87 | +79% | 39No options | $702M |
| FFC Flaherty & Crumrine Preferred Securities Income Fund Inc. | 14.54 | 35.55 | +59% | 39No options | $701M |
| EOI Eaton Vance Enhanced Equity Income Fund | 19.71 | 61.40 | +68% | 39No options | $808M |
| NRK Nuveen New York AMT-Free Quality Municipal Income Fund | 9.34 | 7.80 | -20% | 29No options | $815M |
| GGN GAMCO Global Gold, Natural Resources & Income Trust | 5.24 | 33.92 | +85% | 39No options | $819M |
| AWF AllianceBernstein Global High Income Fund | 9.62 | 24.31 | +60% | 39No options | $830M |
| NXP Nuveen Select Tax-Free Income Portfolio | 13.19 | 13.67 | +3% | 36No options | $831M |
| JQC Nuveen Credit Strategies Income Fund | 4.51 | 4.84 | +7% | 39No options | $667M |
| CCD Calamos Dynamic Convertible and Income Fund | 22.99 | 173.12 | +87% | 39No options | $648M |
| CAHEX Calamos Hedged Equity Income Fund Class A | 20.76 | 33.58 | +38% | 39No options | $896M |
| CHY Calamos Convertible and High Income Fund | 11.41 | 54.96 | +79% | 39No options | $917M |
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Start free See the Sunday ScanQuestions about PHK
Is PHK undervalued right now?
By the GLS models, moderately: at 4.02 the stock trades 21% below the average fair value of 5.12 (data as of 16 Oct 2026).
What is the Wheel Score of PHK and what does it mean?
PHK 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 PHK?
5.12 per share as of 16 Oct 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 PIMCO High Income Fund report earnings next?
No upcoming earnings date is recorded for PHK in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does PHK have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on PHK, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.