Stock fact sheet · data as of
POSCO Holdings Inc. (PKX): fair value, margin of safety and Wheel Score
Ticker symbol PKX · Basic Materials · Steel · South Korea · ADR · Value
PKX is an American depositary share (ADR): the US listing of POSCO Holdings Inc., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.
Is PKX undervalued?
At 51.60 (close of 5 Nov 2026), PKX trades 17% over the GLS average fair value of 44.28. 2 of the 7 models land above the price and 5 below. A negative margin of safety fails the "below fair value" Wheel Trade Filter - the models see no discount, which does not make the business a poor one, only the price a full one.
There is a wide gap between GLS Growth (5.75) and Graham Growth (95.80). 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.
Ranked against every other company we cover, PKX is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 49, growth score 15, out of 100).
Nine valuation models for PKX
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 | 43.28 | -16% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 77.95 | +51% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 95.80 | +86% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 40.64 | -21% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 5.75 | -89% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 24.69 | -52% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 21.83 | -58% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 1.70 | -97% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 77.00 | +49% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
POSCO Holdings Inc. scores only 4 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. 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 4.2/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 0.8%, ROE 1.2%, ROA 0.7% - with debt at 0.51 times equity and negative free cash flow.
The dividend yield is 3.25% at a payout ratio of 64%; 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 Operating Segments 100% (fiscal year FY2024).
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 0.8% |
|---|---|---|---|
| GLS Moat | 4.2 / 10 | ROE | 1.2% |
| Debt / equity | 0.51 | ROA | 0.7% |
| Free-cash-flow yield | -10.4% | Payout ratio | 64% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 32: Weak
With a Wheel Score of 32 POSCO Holdings Inc. sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (738 open interest, 278 a day); and filter 3, below fair value - trades 17% above our fair value; and filter 4, financially healthy - Piotroski 4/9 (under 6); and filter 5, can repay its debt - 3.6 years to repay its debt (over 3); Value (weak) is its weakest part.
Implied volatility is 42% 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 thin - 738 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 370k shares a day on a market cap of $15.6B, with a beta of 1.75 - 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 | Fails | options too quiet (738 open interest, 278 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 17% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 4/9 (under 6) |
| 5 | Can repay its debt | Fails | 3.6 years to repay its debt (over 3) |
| 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 | 17% above fair value | |
| Premium | Strong | implied volatility 42% | |
| Moat | Fair | moat 4.2/10 | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Strong | Red Flags score 90/100 | |
| Option trading | Weak | 278 contracts a day, 738 open interest | |
| Stability | Fair | beta 1.75, $15.6B 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
The next earnings report is due on 28 Jan 2027, 84 days away - outside the window of a 30-45-day put sold today.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Steel
The 12 companies below are the closest to POSCO Holdings Inc. by market cap within the Steel 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 |
|---|---|---|---|---|---|
| CRS Carpenter Technology Corporation | 292.10 | 252.04 | -16% | 40Weak | $14.5B |
| RS Reliance Steel & Aluminum Co. | 441.95 | 213.86 | -107% | 31Weak | $22.5B |
| TX Ternium S.A. | 51.40 | 38.52 | -33% | 36Weak | $10.1B |
| GGB Gerdau S.A. | 4.60 | 5.98 | +23% | 49Weak | $9.1B |
| CLF Cleveland-Cliffs Inc. | 12.84 | 22.31 | +42% | 50Fair | $7.3B |
| CMC Commercial Metals Company | 66.46 | 59.09 | -12% | 37Weak | $7.3B |
| STLD Steel Dynamics, Inc. | 240.12 | 129.26 | -86% | 42Weak | $34.1B |
| MT ArcelorMittal S.A. | 62.49 | 52.01 | -20% | 41Weak | $47.1B |
| SIM Grupo Simec, S.A.B. de C.V. | 24.80 | 23.39 | -6% | 19No options | $4.1B |
| NUE Nucor Corporation | 267.91 | 161.98 | -65% | 44Weak | $60.8B |
| WS Worthington Steel, Inc. | 40.48 | 25.82 | -57% | 25Weak | $2.1B |
| SID Companhia Siderúrgica Nacional | 0.7766 | 8.77 | +91% | 27Weak | $1.0B |
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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 PKX
Is PKX undervalued right now?
No: at 51.60 the stock trades 17% above the GLS average fair value of 44.28 (data as of 5 Nov 2026). The margin of safety is negative.
What is the Wheel Score of PKX and what does it mean?
PKX scores 32 out of 100 (Weak) - it fails Wheel Trade Filters 1, 3, 4, 5. 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 PKX?
44.28 per share as of 5 Nov 2026 - the simple average of the 7 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 POSCO Holdings Inc. report earnings next?
The next earnings report is due on 28 Jan 2027, 84 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does PKX have listed options, and how liquid are they?
Yes. The nightly snapshot found 32 listed contracts with 738 open interest across all expiries and implied volatility of 42% 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.
Is PKX an ADR?
Yes. PKX is an American depositary share (ADR): the US listing of POSCO Holdings Inc., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.