Stock fact sheet · data as of
Shenandoah Telecommunications Company (SHEN): fair value, margin of safety and Wheel Score
Communication Services · Telecommunications Services · United States · Speculative / Distressed
Is SHEN undervalued?
Shenandoah Telecommunications Company (SHEN) closed at 10.42 on 16 Oct 2026, 544% above the GLS average fair value of 1.62. 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 / Distressed - negative earnings or a Piotroski score of 3 or less - 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 | 1.62 | -84% | 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 | -246% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 27.00 | +159% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: SHEN passes 4 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 2.1 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
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 1.06% 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 | 4 / 9 | ROIC | -2.6% |
|---|---|---|---|
| GLS Moat | 2.1 / 10 | ROE | -4.5% |
| Debt / equity | 0.73 | ROA | -2.1% |
| Free-cash-flow yield | -39.3% | Payout ratio | 0% |
| Institutions | 9 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 39: Weak
SHEN scores 39 out of 100 on the Wheel Score, in the Weak band (under 50). Value 0/25, Health 9/20, Moat 3/15, Premium 15/20, Stability 12/20. 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 80% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (15 of 20) because volatility this high usually comes with a reason. Chain open interest is thin - 288 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 598k shares a day on a market cap of $577M, 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 gives that 12 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -544% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 3 / 15 | moat 2.1/10 | |
| Premium | 15 / 20 | implied volatility 80% | |
| Stability | 12 / 20 | 598k shares/day, $577M cap, beta 0.75 |
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 4 Nov 2026, 19 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 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 |
|---|---|---|---|---|---|
| OOMA Ooma, Inc. | 20.48 | 16.31 | -26% | 50Fair | $565M |
| TSAT Telesat Corporation | 44.23 | - | - | 41Weak | $668M |
| CCOI Cogent Communications Holdings, Inc. | 8.35 | 650.62 | +99% | 45Weak | $428M |
| GLIBA Liberty Capital Corporation | 20.37 | 18.35 | -11% | 29No options | $814M |
| GLIBK Liberty Capital Corporation | 20.60 | 17.84 | -15% | 45Weak | $823M |
| ATNI ATN International, Inc. | 25.86 | 84.76 | +69% | 67Good | $398M |
| GLIBB Liberty Capital Corporation | 21.00 | 16.96 | -24% | 24No options | $839M |
| SIFY Sify Technologies Limited | 12.18 | - | - | 38Weak | $882M |
| TMUSZ T-Mobile US, Inc. 5.5 % Notes 2025-01.03.70 | 17.80 | 79.07 | +77% | 31No options | $356M |
| ITRN Ituran Location and Control Ltd. | 49.96 | 73.20 | +32% | 79Good | $991M |
| GOGO Gogo Inc. | 2.25 | 14.88 | +85% | 45Weak | $305M |
| TV Grupo Televisa, S.A.B. | 2.37 | 473.45 | +99% | 45Weak | $1.3B |
⚖ 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 10.42 the stock trades 544% above the GLS average fair value of 1.62 (data as of 16 Oct 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 39 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for SHEN?
1.62 per share as of 16 Oct 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?
The next earnings report is due on 4 Nov 2026, 19 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does SHEN have listed options, and how liquid are they?
Yes. The nightly snapshot found 98 listed contracts with 288 open interest across all expiries and implied volatility of 80% 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.