Stock fact sheet · data as of
Saba Capital Income & Opportunities Fund II (SABA): fair value, margin of safety and Wheel Score
Financial Services · Asset Management - Income · United States · High Growth
Is SABA undervalued?
SABA has a margin of safety of 71%: the stock closed at 7.65 on 16 Oct 2026 against a GLS average fair value of 26.07. 7 of the 7 valuation models that produced a number sit above the price. Our screens 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.
There is a wide gap between EPV (10.19) and GLS Growth (56.15). 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 SABA under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for SABA
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 | 14.90 | +95% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 14.13 | +85% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 52.47 | +586% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 22.93 | +200% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 56.15 | +634% | 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 | 11.71 | +53% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 10.19 | +33% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -9.89 | -229% | 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
Saba Capital Income & Opportunities Fund II scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability SABA scores 5.0/10 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 moderate - ROIC 11.8%, ROE 11.8%, ROA 6.0% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is high at 10.41% (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 | 5 / 9 | ROIC | 11.8% |
|---|---|---|---|
| GLS Moat | 5.0 / 10 | ROE | 11.8% |
| Debt / equity | 0.00 | ROA | 6.0% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
No options are listed on Saba Capital Income & Opportunities Fund II 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 80k shares a day on a market cap of $205M, with a beta of 0.41 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 71% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 8 / 15 | moat 5.0/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 80k shares/day, $205M cap, beta 0.41 |
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 SABA in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management - Income
The 12 companies below are the closest to Saba Capital Income & Opportunities Fund II by market cap within the Asset Management - Income 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 |
|---|---|---|---|---|---|
| JRS Nuveen Real Estate Income Fund | 7.25 | 34.25 | +79% | 39No options | $209M |
| LGI Lazard Global Total Return and Income Fund, Inc. | 16.65 | 32.50 | +49% | 39No options | $217M |
| ETX Eaton Vance Municipal Income 2028 Term Trust | 17.35 | 36.56 | +53% | 39No options | $189M |
| FHBZX Fidelity Freedom Blend Income Fund | 10.56 | 5.64 | -87% | 17No options | $223M |
| NPV Nuveen Virginia Quality Municipal Income Fund | 9.48 | 26.32 | +64% | 39No options | $185M |
| FHIFX Fidelity Focused High Income Fund | 8.01 | 7.04 | -14% | 21No options | $179M |
| EPDPX EuroPac International Dividend Income Fund - Class A | 15.03 | 4.55 | -230% | 18No options | $236M |
| WIA Western Asset Inflation-Linked Income Fund | 7.56 | 10.01 | +24% | 39No options | $176M |
| ERC Allspring Multi-Sector Income Fund | 8.51 | 23.72 | +64% | 39No options | $239M |
| ETCTX Eaton Vance CT Municipal Income A | 9.13 | 40.73 | +78% | 39No options | $170M |
| RMM Rivernorth Managed Duration Municipal Income Fund Inc. | 12.87 | 24.95 | +48% | 37No options | $254M |
| EHI Western Asset Global High Income Fund Inc. | 5.35 | 20.43 | +74% | 39No options | $162M |
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Start free See the Sunday ScanQuestions about SABA
Is SABA undervalued right now?
By the GLS models, yes: at 7.65 the stock is 71% below the average fair value of 26.07 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of SABA and what does it mean?
SABA 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 SABA?
26.07 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 Saba Capital Income & Opportunities Fund II report earnings next?
No upcoming earnings date is recorded for SABA in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does SABA have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on SABA, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.