Stock fact sheet · data as of
Quad/Graphics, Inc. (QUAD): fair value, margin of safety and Wheel Score
Industrials · Specialty Business Services · United States · High Yield Income
Is QUAD undervalued?
At 9.29 (close of 16 Oct 2026), QUAD trades 12% under the GLS average fair value of 10.58. 4 of the 9 models that produced a value land above the price. A discount of this size counts as a positive margin of safety in every GLS screen; whether it is enough depends on the rest of the picture - the health score, the moat and the option premium below.
There is a wide gap between GLS Growth (1.40) and 10 Cap (30.28). 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 QUAD under High Yield Income: a dividend yield above 4%.
Nine valuation models for QUAD
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 | 12.16 | +31% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 6.16 | -34% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 10.49 | +13% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 2.60 | -72% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 1.40 | -85% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 30.28 | +226% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 19.40 | +109% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 5.52 | -41% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 7.22 | -22% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -11.38 | -222% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 13.50 | +45% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Quad/Graphics, Inc. scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. On durability QUAD scores 5.2/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are thin or negative - ROIC 4.7%, ROE 21.0%, ROA 2.2% - with debt at 3.45 times equity and a free-cash-flow yield of 10.5%. Debt of 3.45 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is high at 4.04% (payout ratio 55%). 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. Revenue comes mainly from Product 56%, Direct Mail And Other Printed Products 20%, Service 16% (quarter Q2 FY2026).
Institutional ownership scores 6/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 4.7% |
|---|---|---|---|
| GLS Moat | 5.2 / 10 | ROE | 21.0% |
| Debt / equity | 3.45 | ROA | 2.2% |
| Free-cash-flow yield | 10.5% | Payout ratio | 55% |
| Institutions | 6 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 65: Good
With a Wheel Score of 65 - the Good band - Quad/Graphics, Inc. falls just short of the Sunday Scan's "70 or higher" rule. The parts: Value 18/25, Health 16/20, Moat 8/15, Premium 16/20, Stability 8/20; Stability (8/20) scores lowest.
Implied volatility is 75% 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 (16 of 20) because volatility this high usually comes with a reason. Chain open interest is thin - 1,021 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 154k shares a day on a market cap of $478M, with a beta of 1.10; the Stability part of the Wheel Score gives that 8 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 18 / 25 | 12% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 8 / 15 | moat 5.2/10 | |
| Premium | 16 / 20 | implied volatility 75% | |
| Stability | 8 / 20 | 154k shares/day, $478M cap, beta 1.10 |
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
Quad/Graphics, Inc. reports earnings on 27 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Specialty Business Services
The 12 companies below are the closest to Quad/Graphics, Inc. by market cap within the Specialty Business Services 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 |
|---|---|---|---|---|---|
| BUUU BUUU Group Ltd | 43.49 | 1.54 | -2720% | 20No options | $509M |
| ACTG Acacia Research Corporation | 4.23 | 3.68 | -15% | 45Weak | $413M |
| EBF Ennis, Inc. | 22.42 | 23.60 | +5% | 53Fair | $568M |
| SPIR Spire Global, Inc. | 9.25 | - | - | 41Weak | $362M |
| CASS Cass Information Systems, Inc. | 54.29 | 56.98 | +5% | 62Fair | $695M |
| TRNS Transcat, Inc. | 82.37 | 23.03 | -258% | 43Weak | $771M |
| III Information Services Group, Inc. | 5.70 | 4.76 | -20% | 55Fair | $276M |
| PAYS Paysign, Inc. | 15.16 | 12.37 | -23% | 56Fair | $856M |
| ZUUS Zeuus, Inc. | 2.50 | - | - | 23No options | $264M |
| RHLD Resolute Holdings Management, Inc. | 112.99 | 344.42 | +67% | 39No options | $884M |
| BV BrightView Holdings, Inc. | 10.53 | 9.13 | -15% | 56Fair | $975M |
| DLX Deluxe Corporation | 22.89 | 49.45 | +54% | 77Good | $1.0B |
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Start free See the Sunday ScanQuestions about QUAD
Is QUAD undervalued right now?
By the GLS models, moderately: at 9.29 the stock trades 12% below the average fair value of 10.58 (data as of 16 Oct 2026).
What is the Wheel Score of QUAD and what does it mean?
QUAD scores 65 out of 100 (Good). 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 QUAD?
10.58 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 Quad/Graphics, Inc. report earnings next?
The next earnings report is due on 27 Oct 2026 (after the close), 11 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does QUAD have listed options, and how liquid are they?
Yes. The nightly snapshot found 70 listed contracts with 1,021 open interest across all expiries and implied volatility of 75% 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.