Stock fact sheet · data as of
Pershing Square Inc. (PS): fair value, margin of safety and Wheel Score
Ticker symbol PS · Financial Services · Asset Management · United States · Speculative
Is PS undervalued?
Pershing Square Inc. (PS) closed at 52.82 on 5 Nov 2026, 1270% above the GLS average fair value of 3.85. 2 of the 2 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.
The average is built from just 2 models (10 Cap, DDM) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files PS under Speculative - it is losing money or its Piotroski health score is 3 or lower - 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 | - | - | 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 | 4.40 | -92% | 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 | 3.31 | -94% | 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) | -0.5416 | -101% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 43.00 | -19% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
No Piotroski health score is on file for PS (the statements it needs were not available), so the Health part of the Wheel Score counts it at half marks - 10 of 20 - rather than marking the stock down for missing data. A GLS Moat score of 2.5/10 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 -10.6%, ROE -12.3%, ROA -7.5% - with debt at 0.16 times equity and a free-cash-flow yield of 0.7%.
The dividend yield is 0.43% with a payout ratio of -17% - 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 | - / 9 | ROIC | -10.6% |
|---|---|---|---|
| GLS Moat | 2.5 / 10 | ROE | -12.3% |
| Debt / equity | 0.16 | ROA | -7.5% |
| Free-cash-flow yield | 0.7% | Payout ratio | -17% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 29: Weak
With a Wheel Score of 29 Pershing Square Inc. sits in the Weak band. It fails filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 3, below fair value - trades 1270% above our fair value; Value (weak) is its weakest part.
Implied volatility is 67% on the near-the-money contracts 20-60 days out - above the 60% top of the sweet spot. It still passes the 25-80% filter, but the Wheel Score rewards it less because volatility this high usually comes with a reason. Chain open interest is 9,888 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 486k shares a day on a market cap of $21.1B, 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 rates that weak.
| 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 | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Fails | trades 1270% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 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 | 1270% above fair value | |
| Premium | Strong | implied volatility 67% | |
| Moat | Weak | moat 2.5/10 | |
| Health | Fair | no Piotroski score on file - half marks | |
| Red Flags | Fair | Red Flags score 75/100 | |
| Option trading | Fair | 3,932 contracts a day, 9,888 open interest | |
| Stability | Weak | beta 9.16, $21.1B 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 2 Dec 2026, 27 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Analysts downgraded PS 1 time in the last 30 days with no upgrades; the latest action was a reiterated rating by UBS on 23 Oct 2026.
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 |
|---|---|---|---|---|---|
| WCMRX WCM Focused International Growth Fd Inv Cl | 25.92 | 20.04 | -29% | 12No options | $21.3B |
| RPTIX T. Rowe Price Mid-Cap Growth Fund | 102.59 | 114.17 | +10% | 22No options | $21.4B |
| JVMRX John Hancock Funds Disciplined Value Mid Cap Fund | 32.79 | 5.15 | -537% | 16No options | $22.7B |
| JVMAX John Hancock Funds Disciplined Value Mid Cap Fund Class A | 30.68 | 4.94 | -521% | 16No options | $22.7B |
| FNILX Fidelity ZERO Large Cap Index Fund | 27.54 | 44.72 | +38% | 32No options | $19.7B |
| LZOEX Lazard Emerging Markets Equity Portfolio | 31.29 | 1.35 | -2219% | 14No options | $19.3B |
| AMUSX American Funds U.S. Government Securities Fund Class A | 11.59 | 3.51 | -230% | 17No options | $23.2B |
| TPG TPG Inc. | 50.16 | 40.63 | -23% | 39Weak | $19.2B |
| TPGXL TPG Inc. | 21.00 | 22.35 | +6% | 22No options | $19.2B |
| TROW T. Rowe Price Group, Inc. | 112.57 | 104.53 | -8% | 38Weak | $24.0B |
| HDGCX The Hartford Dividend and Growth Fund Class C | 38.73 | 86.30 | +55% | 30No options | $18.6B |
| IHGIX Hartford Dividend and Growth Fund Class A | 41.12 | 45.80 | +10% | 20No options | $18.6B |
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 PS
Is PS undervalued right now?
No: at 52.82 the stock trades 1270% above the GLS average fair value of 3.85 (data as of 5 Nov 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 29 out of 100 (Weak) - it fails Wheel Trade Filters 2, 3. 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 PS?
3.85 per share as of 5 Nov 2026 - the simple average of the 2 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?
The next earnings report is due on 2 Dec 2026, 27 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does PS have listed options, and how liquid are they?
Yes. The nightly snapshot found 48 listed contracts with 9,888 open interest across all expiries and implied volatility of 67% 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.