Stock fact sheet · data as of
Sabine Royalty Trust (SBR): fair value, margin of safety and Wheel Score
Energy · Oil & Gas Midstream · United States · High Yield Income
Is SBR undervalued?
At 72.43 (close of 16 Oct 2026), SBR trades 62% over the GLS average fair value of 44.62, with 1 of 7 models above the price. The stock earns none of the Wheel Score's Value points at this price. That is a statement about price against trailing fundamentals, not about the company's prospects - the Wall Street View and the Growth tab on the Quote page carry the forward numbers.
There is a wide gap between Graham Number (7.97) and Graham Growth (79.01). 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 SBR under High Yield Income: a dividend yield above 4%.
Nine valuation models for SBR
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 | 70.69 | -2% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 7.97 | -89% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 79.01 | +9% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 19.59 | -73% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 14.34 | -80% | 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 | 66.30 | -8% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 54.41 | -25% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.4649 | -99% | 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
Sabine Royalty Trust 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. On durability SBR scores 5.3/10 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 high - ROIC 1072.5%, ROE 1072.5%, ROA 960.8% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is high at 6.22% (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 2/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 1072.5% |
|---|---|---|---|
| GLS Moat | 5.3 / 10 | ROE | 1072.5% |
| Debt / equity | 0.00 | ROA | 960.8% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 2 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 25: No options
No options are listed on Sabine Royalty Trust in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 25) 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 22k shares a day on a market cap of $1.1B, with a beta of 0.23 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 8 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -62% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 8 / 15 | moat 5.3/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 8 / 20 | 22k shares/day, $1.1B cap, beta 0.23 |
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
The next earnings report is due on 6 Nov 2026, 21 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Midstream
The 12 companies below are the closest to Sabine Royalty Trust by market cap within the Oil & Gas Midstream 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 |
|---|---|---|---|---|---|
| TK Teekay Corporation | 14.51 | 66.64 | +78% | 80Prime | $1.3B |
| PBT Permian Basin Royalty Trust | 34.60 | 8.17 | -324% | 42Weak | $1.6B |
| TEN Tsakos Energy Navigation Limited | 53.71 | 67.21 | +20% | 70Good | $1.6B |
| GLP Global Partners LP | 49.08 | 59.35 | +17% | 69Good | $1.7B |
| GEL Genesis Energy, L.P. | 13.94 | 33.60 | +59% | 75Good | $1.7B |
| NFEGP New Fortress Energy Inc. Series A Mandatorily Convertible Preferred Stock | 255.60 | - | - | 20No options | $627M |
| NGL NGL Energy Partners LP | 14.81 | 35.80 | +59% | 45Weak | $1.8B |
| WHK WhiteHawk Minerals Corp | 25.92 | 2.92 | -788% | 17No options | $596M |
| LPG Dorian LPG Ltd. | 53.68 | 84.77 | +37% | 82Prime | $2.3B |
| SMC Summit Midstream Corp. | 30.27 | 149.63 | +80% | 45Weak | $417M |
| DKL Delek Logistics Partners, LP | 55.94 | 49.57 | -13% | 57Fair | $3.2B |
| EE Excelerate Energy, Inc. | 32.51 | 35.30 | +8% | 74Good | $3.7B |
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Start free See the Sunday ScanQuestions about SBR
Is SBR undervalued right now?
No: at 72.43 the stock trades 62% above the GLS average fair value of 44.62 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of SBR and what does it mean?
SBR 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 SBR?
44.62 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 Sabine Royalty Trust report earnings next?
The next earnings report is due on 6 Nov 2026, 21 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does SBR have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on SBR, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.