Stock fact sheet · data as of
Shenandoah Telecommunications Company (SHEN): fair value, margin of safety and Wheel Score
Ticker symbol SHEN · Communication Services · Telecommunications Services · United States · Speculative
Is SHEN undervalued?
Shenandoah Telecommunications Company (SHEN) closed at 10.39 on 5 Nov 2026, 488% above the GLS average fair value of 1.77. 1 of the 1 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
Only 1 of the nine models produced a value (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.
The nightly engine files SHEN under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for SHEN
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 | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| 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 | - | - | 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 | 1.77 | -83% | 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) | -15.24 | -247% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 27.00 | +160% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: SHEN passes 3 of the nine Piotroski tests. Our scans drop the stock at the health filter; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 2.0 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are thin or negative - ROIC -2.6%, ROE -4.5%, ROA -2.1% - with debt at 0.73 times equity and negative free cash flow.
The dividend yield is 1.15% with a payout ratio of 0% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Service 100% (fiscal year FY2025).
Institutional ownership scores 9/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | -2.6% |
|---|---|---|---|
| GLS Moat | 2.0 / 10 | ROE | -4.5% |
| Debt / equity | 0.73 | ROA | -2.1% |
| Free-cash-flow yield | -37.6% | Payout ratio | 0% |
| Institutions | 9 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 20: Weak
SHEN scores 20 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 1, options that actually trade - options too quiet (99 open interest, 50 a day); and filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 3, below fair value - trades 488% above our fair value; and filter 4, financially healthy - Piotroski 3/9 (under 6); and filter 5, can repay its debt - 6.2 years to repay its debt (over 3); and filter 6, no serious red flags - Red Flags score 55 (under 60); and filter 8, big enough - market cap $575M (under $1.0B), and the parts are thin too - value weak, premium good, moat weak, health weak, red flags weak, option trading weak, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 72% on the near-the-money contracts 20-60 days out - above the 60% top of the sweet spot. It still passes the 25-80% filter, but the Wheel Score rewards it less because volatility this high usually comes with a reason. Chain open interest is thin - 99 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 633k shares a day on a market cap of $575M, with a beta of 0.75 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (99 open interest, 50 a day) |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Fails | trades 488% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 3/9 (under 6) |
| 5 | Can repay its debt | Fails | 6.2 years to repay its debt (over 3) |
| 6 | No serious red flags | Fails | Red Flags score 55 (under 60) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $575M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 488% above fair value | |
| Premium | Good | implied volatility 72% | |
| Moat | Weak | moat 2.0/10 | |
| Health | Weak | Piotroski 3/9 | |
| Red Flags | Weak | Red Flags score 55/100 | |
| Option trading | Weak | 50 contracts a day, 99 open interest | |
| Stability | Fair | beta 0.75, $575M 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 SHEN in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Telecommunications Services
The 12 companies below are the closest to Shenandoah Telecommunications Company by market cap within the Telecommunications 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 |
|---|---|---|---|---|---|
| TSAT Telesat Corporation | 39.46 | - | - | 13Weak | $596M |
| OOMA Ooma, Inc. | 19.01 | 16.48 | -15% | 33Weak | $525M |
| ATNI ATN International, Inc. | 25.79 | 85.52 | +70% | 48Weak | $397M |
| TMUSZ T-Mobile US, Inc. 5.5 % Notes 2025-01.03.70 | 18.28 | 127.07 | +86% | 26No options | $366M |
| GLIBB Liberty Capital Corporation | 23.00 | 18.49 | -24% | 14No options | $919M |
| GLIBA Liberty Capital Corporation | 23.07 | 18.35 | -26% | 13No options | $922M |
| GLIBK Liberty Capital Corporation | 23.27 | 17.96 | -30% | 25Weak | $930M |
| CCOI Cogent Communications Holdings, Inc. | 6.79 | 930.81 | +99% | 32Weak | $348M |
| SIFY Sify Technologies Limited | 13.28 | - | - | 21Weak | $962M |
| GOGO Gogo Inc. | 2.53 | 14.49 | +83% | 35Weak | $343M |
| ITRN Ituran Location and Control Ltd. | 53.15 | 73.13 | +27% | 53Fair | $1.1B |
| TV Grupo Televisa, S.A.B. | 2.30 | 19.22 | +88% | 34Weak | $1.2B |
⚖ Compare SHEN with 7 of them All Communication Services stocks →
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Start free See the Sunday ScanQuestions about SHEN
Is SHEN undervalued right now?
No: at 10.39 the stock trades 488% above the GLS average fair value of 1.77 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of SHEN and what does it mean?
SHEN scores 20 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 3, 4, 5, 6, 8. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for SHEN?
1.77 per share as of 5 Nov 2026 - the simple average of the 1 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 Shenandoah Telecommunications Company report earnings next?
No upcoming earnings date is recorded for SHEN in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does SHEN have listed options, and how liquid are they?
Yes. The nightly snapshot found 18 listed contracts with 99 open interest across all expiries and implied volatility of 72% 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.