Stock fact sheet · data as of
T. Rowe Price Retirement 2020 Fund Class R (RRTBX): fair value, margin of safety and Wheel Score
Ticker symbol RRTBX · Financial Services · Asset Management · United States · Fund / Note
Is RRTBX undervalued?
RRTBX has a margin of safety of 93%: the stock closed at 20.33 on 5 Nov 2026 against a GLS average fair value of 293.25. 2 of the 3 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
Only 3 of the nine models produced a value (DCF, 10 Cap, DDM); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
RRTBX looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
Nine valuation models for RRTBX
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 | 29.84 | +47% | Present value of the projected free cash flows, discounted at the cost of capital |
| 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 | 833.65 | +4001% | 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 | 16.27 | -20% | 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) | -405.55 | -2095% | 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
On financial health RRTBX scores 8/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. There is no GLS Moat score for RRTBX: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
Returns on capital are moderate - ROIC 5.4%, ROE 13.7%, ROA 3.5% - with debt at 1.53 times equity and a free-cash-flow yield of 162.5%.
The dividend yield is high at 5.44% (payout ratio 0%). 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 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 8 / 9 | ROIC | 5.4% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 13.7% |
| Debt / equity | 1.53 | ROA | 3.5% |
| Free-cash-flow yield | 162.5% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 32: No options
RRTBX has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (32 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at - a day on a market cap of $12.6B, with a beta of 0.79 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 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 | Fails | no implied volatility |
| 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 | Strong | 93% below fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | no moat score | |
| Health | Strong | Piotroski 8/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Good | beta 0.79, $12.6B 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
No upcoming earnings date is recorded for RRTBX 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 T. Rowe Price Retirement 2020 Fund Class R 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 |
|---|---|---|---|---|---|
| HLMNX Harding Loevner International Equity Portfolio | 31.24 | 27.85 | -12% | 17No options | $12.7B |
| SEIC SEI Investments Company | 108.62 | 100.77 | -8% | 37Weak | $12.9B |
| IVZ Invesco Ltd. | 29.44 | 35.99 | +18% | 47Weak | $12.9B |
| OXLCZ Oxford Lane Capital Corp. 5.00% Notes due 2027 | 25.09 | 70.18 | +64% | 26No options | $12.1B |
| MLAAX NYLI Winslow Large Cap Growth Fund;A | 8.88 | 15.76 | +44% | 26No options | $12.0B |
| FAOTX American Funds 2020 Target Date Retirement Fd Cl F-1 | 14.77 | 75.24 | +80% | 27No options | $13.3B |
| OXLCN Oxford Lane Capital Corp. | 24.52 | 70.18 | +65% | 29No options | $11.8B |
| OMSIX Invesco Main Street Fund Class R6 | 68.13 | 52.50 | -30% | 14No options | $11.7B |
| OXLCL Oxford Lane Capital Corp. 6.75% Notes due 2031 | 23.80 | 70.18 | +66% | 26No options | $11.5B |
| ARCC Ares Capital Corporation | 19.46 | 28.69 | +32% | 77Good | $14.1B |
| PHYS Sprott Physical Gold Trust | 30.67 | 147.64 | +79% | 31No options | $14.5B |
| DFUSX DFA US Large Company Portfolio | 51.05 | 7.42 | -588% | 12No options | $14.7B |
⚖ Compare RRTBX with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about RRTBX
Is RRTBX undervalued right now?
By the GLS models, yes: at 20.33 the stock is 93% below the average fair value of 293.25 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of RRTBX and what does it mean?
RRTBX has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for RRTBX?
293.25 per share as of 5 Nov 2026 - the simple average of the 3 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 T. Rowe Price Retirement 2020 Fund Class R report earnings next?
No upcoming earnings date is recorded for RRTBX in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does RRTBX have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on RRTBX, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.