Stock fact sheet · data as of
Pershing Square Inc. (PS): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Speculative / Distressed
Is PS undervalued?
Pershing Square Inc. (PS) closed at 45.58 on 16 Oct 2026, 1852% above the GLS average fair value of 2.34. 8 of the 8 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
There is a wide gap between GLS Growth (0.2764) and 10 Cap (7.37). 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 PS under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for PS
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 | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 1.75 | -96% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 2.30 | -95% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 1.01 | -98% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 0.2764 | -99% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 7.37 | -84% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 2.21 | -95% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 3.31 | -93% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 0.4470 | -99% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.5416 | -101% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 42.33 | -7% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Pershing Square Inc. scores only 0 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 2.5/10 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 -10.6%, ROE -12.3%, ROA -7.5% - with debt at 0.16 times equity and a free-cash-flow yield of 0.8%.
The dividend yield is 0.49% with a payout ratio of 171% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Investment Advice 100%, Investment Performance 0% (quarter Q2 FY2026).
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 0 / 9 | ROIC | -10.6% |
|---|---|---|---|
| GLS Moat | 2.5 / 10 | ROE | -12.3% |
| Debt / equity | 0.16 | ROA | -7.5% |
| Free-cash-flow yield | 0.8% | Payout ratio | 171% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 31: Weak
With a Wheel Score of 31 Pershing Square Inc. sits in the Weak band. The parts - Value 0/25, Health 0/20, Moat 4/15, Premium 17/20, Stability 11/20 - show where: Value (0/25) scores lowest.
Implied volatility is 72% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (17 of 20) because volatility this high usually comes with a reason. Chain open interest is 15,141 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 556k shares a day on a market cap of $18.2B, with a beta of 9.16 - 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 gives that 11 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -1852% margin of safety | |
| Health | 0 / 20 | Piotroski 0/9 | |
| Moat | 4 / 15 | moat 2.5/10 | |
| Premium | 17 / 20 | implied volatility 72% | |
| Stability | 11 / 20 | 556k shares/day, $18.2B cap, beta 9.16 |
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 PS 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 Pershing Square Inc. 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 |
|---|---|---|---|---|---|
| HDGCX The Hartford Dividend and Growth Fund Class C | 37.28 | 86.42 | +57% | 39No options | $18.3B |
| IHGIX Hartford Dividend and Growth Fund Class A | 39.57 | 45.58 | +13% | 39No options | $18.3B |
| VWLUX Vanguard Long-Term Tax-Exempt Fund Admiral Shares | 10.18 | 3.29 | -209% | 34No options | $18.5B |
| VPCCX Vanguard PRIMECAP Core Fund | 45.62 | 67.74 | +33% | 39No options | $17.9B |
| FIDZX Fidelity Advisor International Capital Appreciation Fund Class Z | 36.66 | 26.01 | -41% | 37No options | $17.6B |
| FNILX Fidelity ZERO Large Cap Index Fund | 27.77 | 42.77 | +35% | 39No options | $19.2B |
| TRRHX T. Rowe Price Retirement 2025 Fund | 18.71 | 184.14 | +90% | 39No options | $17.1B |
| LZOEX Lazard Emerging Markets Equity Portfolio | 32.34 | 1.35 | -2297% | 28No options | $20.0B |
| LGRNX Loomis Sayles Growth Fund Class N | 34.28 | 5.97 | -474% | 25No options | $16.4B |
| DUKH Ocean Park High Income ETF | 23.17 | 125.99 | +82% | 39No options | $16.2B |
| TPG TPG Inc. | 42.22 | 40.87 | -3% | 69Good | $16.2B |
| TPGXL TPG Inc. | 20.13 | 25.83 | +22% | 39No options | $16.2B |
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Start free See the Sunday ScanQuestions about PS
Is PS undervalued right now?
No: at 45.58 the stock trades 1852% above the GLS average fair value of 2.34 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of PS and what does it mean?
PS scores 31 out of 100 (Weak). 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 PS?
2.34 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 Pershing Square Inc. report earnings next?
No upcoming earnings date is recorded for PS in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does PS have listed options, and how liquid are they?
Yes. The nightly snapshot found 206 listed contracts with 15,141 open interest across all expiries and implied volatility of 72% 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.