Stock fact sheet · data as of
Sprott Silver Miners & Physical Silver ETF (SLVR): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Speculative / Distressed
Is SLVR undervalued?
SLVR has a margin of safety of 48%: the stock closed at 48.91 on 16 Oct 2026 against a GLS average fair value of 93.54. 4 of the 6 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 DDM (30.23) and GLS Growth (189.79). 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 SLVR 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 SLVR
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 | 51.95 | +6% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 177.32 | +263% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 77.50 | +58% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 189.79 | +288% | 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 | 30.23 | -38% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 34.45 | -30% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.7257 | -101% | 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
Sprott Silver Miners & Physical Silver ETF scores only 2 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 SLVR scores 7.1/10 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 8.0%, ROE 8.0%, ROA 7.6% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is high at 4.20% (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 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 2 / 9 | ROIC | 8.0% |
|---|---|---|---|
| GLS Moat | 7.1 / 10 | ROE | 8.0% |
| Debt / equity | 0.00 | ROA | 7.6% |
| Free-cash-flow yield | -0.1% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 45: Weak
With a Wheel Score of 45 Sprott Silver Miners & Physical Silver ETF sits in the Weak band, capped at 45 because the engine files it as Speculative / Distressed. The parts - Value 25/25, Health 4/20, Moat 11/15, Premium 20/20, Stability 10/20 - show where: Health (4/20) scores lowest.
Implied volatility is 53% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 6,595 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 289k shares a day on a market cap of $792M, with a beta of 1.02; the Stability part of the Wheel Score gives that 10 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 48% margin of safety | |
| Health | 4 / 20 | Piotroski 2/9 | |
| Moat | 11 / 15 | moat 7.1/10 | |
| Premium | 20 / 20 | implied volatility 53% | |
| Stability | 10 / 20 | 289k shares/day, $792M cap, beta 1.02 |
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 SLVR 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 Sprott Silver Miners & Physical Silver ETF 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.
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|---|---|---|---|---|---|
| HTD John Hancock Tax-Advantaged Dividend Income Fund | 22.36 | 101.78 | +78% | 39No options | $792M |
| AMJB Alerian MLP Index ETN | 34.35 | 13,554.66 | +100% | 39No options | $788M |
| GCMG GCM Grosvenor Inc. | 12.86 | 24.45 | +47% | 76Good | $786M |
| PSEC Prospect Capital Corporation | 1.60 | 11.47 | +86% | 78Good | $802M |
| OXLCO Oxford Lane Capital Corp. | 23.40 | 69.99 | +67% | 39No options | $810M |
| PML Pimco Municipal Income Fund II | 6.46 | 23.36 | +72% | 39No options | $811M |
| VRTS Virtus Investment Partners, Inc. | 122.48 | 211.49 | +42% | 39No options | $811M |
| AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 23.76 | 134.02 | +82% | 39No options | $818M |
| OXLCI Oxford Lane Capital Corp. | 25.12 | 69.99 | +64% | 39No options | $820M |
| OXLC Oxford Lane Capital Corp. | 8.36 | 69.99 | +88% | 39No options | $820M |
| PEO Adams Natural Resources Fund Inc | 29.54 | 53.69 | +45% | 63Fair | $820M |
| EEMAX Columbia Emerging Markets Fund | 19.54 | 11.24 | -74% | 18No options | $826M |
⚖ Compare SLVR with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about SLVR
Is SLVR undervalued right now?
By the GLS models, yes: at 48.91 the stock is 48% below the average fair value of 93.54 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of SLVR and what does it mean?
SLVR scores 45 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 SLVR?
93.54 per share as of 16 Oct 2026 - the simple average of the 6 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 Sprott Silver Miners & Physical Silver ETF report earnings next?
No upcoming earnings date is recorded for SLVR in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does SLVR have listed options, and how liquid are they?
Yes. The nightly snapshot found 390 listed contracts with 6,595 open interest across all expiries and implied volatility of 53% 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.