Stock fact sheet · data as of
Royce Micro-Cap Trust, Inc. (RMT): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · High Growth
Is RMT undervalued?
Royce Micro-Cap Trust, Inc. (RMT) closed at 12.85 on 16 Oct 2026. The GLS average fair value - the simple average of the 7 valuation models that produced a positive number - is 164.19, which puts the price 92% below it. 5 of the 7 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
There is a wide gap between DCF (1.54) and GLS Growth (429.23). 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 RMT under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for RMT
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 | 1.54 | -88% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 51.55 | +301% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 401.04 | +3021% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 175.28 | +1264% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 429.23 | +3240% | 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 | 12.80 | -0% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 77.90 | +506% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.3617 | -103% | 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
Royce Micro-Cap Trust, Inc. 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 1.7/10 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 high - ROIC 13.5%, ROE 13.9%, ROA 13.5% - with debt at 0.03 times equity and negative free cash flow.
The dividend yield is high at 6.77% (payout ratio 7%). 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 5/10, insider activity 3/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 13.5% |
|---|---|---|---|
| GLS Moat | 1.7 / 10 | ROE | 13.9% |
| Debt / equity | 0.03 | ROA | 13.5% |
| Free-cash-flow yield | -0.6% | Payout ratio | 7% |
| Institutions | 5 / 10 | Insiders · Congress | 3 · 5 / 10 |
Wheel Score 39: No options
No options are listed on Royce Micro-Cap Trust, Inc. 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 145k shares a day on a market cap of $680M, with a beta of 1.24 - 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 8 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 92% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 3 / 15 | moat 1.7/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 8 / 20 | 145k shares/day, $680M cap, beta 1.24 |
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 RMT in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
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|---|---|---|---|---|---|
| OCCIN OFS Credit Company, Inc. | 24.90 | 17.45 | -43% | 15No options | $683M |
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| BUI BlackRock Utilities, Infrastructure & Power Opportunities Trust | 25.29 | 112.99 | +78% | 39No options | $671M |
| TYG Tortoise Energy Infrastructure Corporation | 38.94 | 57.14 | +32% | 39No options | $671M |
| BCSF Bain Capital Specialty Finance, Inc. | 10.63 | 19.94 | +47% | 76Good | $690M |
| MFICL MidCap Financial Investment Corporation 8.00% Notes due 2028 | 25.17 | 75.89 | +67% | 39No options | $700M |
| MFIC MidCap Financial Investment Corporation | 8.50 | 75.89 | +89% | 45Weak | $700M |
| ESMAX Invesco Global Small Cap Equity A | 13.53 | 64.69 | +79% | 39No options | $701M |
| CRF Cornerstone Total Return Fund, Inc. | 5.93 | 28.01 | +79% | 39No options | $702M |
| VLEOX Value Line Small Cap Opportunities Fund, Inc. Investor Class | 61.63 | 25.15 | -145% | 31No options | $709M |
| PFLT PennantPark Floating Rate Capital Ltd. | 6.57 | 28.75 | +77% | 73Good | $652M |
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Start free See the Sunday ScanQuestions about RMT
Is RMT undervalued right now?
By the GLS models, yes: at 12.85 the stock is 92% below the average fair value of 164.19 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of RMT and what does it mean?
RMT 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 RMT?
164.19 per share as of 16 Oct 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 Royce Micro-Cap Trust, Inc. report earnings next?
No upcoming earnings date is recorded for RMT in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does RMT have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on RMT, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.