Stock fact sheet · data as of
JPMorgan SmartRetirement 2040 Fund Class A (SMTAX): fair value, margin of safety and Wheel Score
Ticker symbol SMTAX · Financial Services · Asset Management · United States · Fund / Note
Is SMTAX undervalued?
JPMorgan SmartRetirement 2040 Fund Class A (SMTAX) closed at 25.47 on 5 Nov 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 5,445.63, which puts the price 100% below it. 8 of the 9 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
There is a wide gap between DDM (19.37) and Graham Growth (13,215.37). 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.
SMTAX looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
Nine valuation models for SMTAX
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 | 4,928.89 | +19252% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 3,416.55 | +13314% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 13,215.37 | +51786% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 5,589.54 | +21846% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 13,178.16 | +51640% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 2,881.83 | +11215% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 2,726.52 | +10605% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 19.37 | -24% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 3,054.43 | +11892% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -21,622.65 | -84995% | 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
JPMorgan SmartRetirement 2040 Fund Class A scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. 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. There is no GLS Moat score for SMTAX: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
Returns on capital are moderate - ROIC 6.9%, ROE 14.6%, ROA 1.2% - with debt at 1.11 times equity and a free-cash-flow yield of 374.3%.
The dividend yield is high at 5.17% (payout ratio 28%). 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 | 6.9% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 14.6% |
| Debt / equity | 1.11 | ROA | 1.2% |
| Free-cash-flow yield | 374.3% | Payout ratio | 28% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 27: No options
No options are listed on JPMorgan SmartRetirement 2040 Fund Class A in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 27, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.
Volume runs at - a day on a market cap of $3.5B, with a beta of 1.08; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 100% below fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | no moat score | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 1.08, $3.5B 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 SMTAX 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 JPMorgan SmartRetirement 2040 Fund Class A 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.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| FGADX Franklin Gold and Precious Metals Adv | 48.39 | 12.72 | -280% | 12No options | $3.4B |
| GBDC Golub Capital BDC, Inc. | 13.08 | 32.41 | +60% | 76Good | $3.4B |
| EAPCX Parametric Commodity Strategy Fund | 7.75 | 8.30 | +7% | 16No options | $3.4B |
| AAMI Acadian Asset Management | 91.62 | 66.58 | -38% | 39Weak | $3.3B |
| AB AllianceBernstein Holding L.P. | 35.30 | 46.57 | +24% | 40Weak | $3.2B |
| AQMIX AQR Managed Futures Strategy Fund | 10.72 | 2.36 | -354% | 14No options | $3.7B |
| SCSCX Touchstone Large Cap Focused Fund Class C | 79.60 | 41.65 | -91% | 11No options | $3.7B |
| ADX Adams Diversified Equity Fund, Inc. | 25.56 | 118.39 | +78% | 26No options | $3.2B |
| CSQ Calamos Strategic Total Return Fund | 19.89 | 158.12 | +87% | 25No options | $3.2B |
| FSK FS KKR Capital Corp. | 11.46 | 49.95 | +77% | 47Weak | $3.2B |
| HCXY Hercules Capital Inc | 24.35 | 40.93 | +41% | 33No options | $3.2B |
| HTGC Hercules Capital, Inc. | 16.63 | 32.54 | +49% | 53Fair | $3.2B |
⚖ Compare SMTAX with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about SMTAX
Is SMTAX undervalued right now?
By the GLS models, yes: at 25.47 the stock is 100% below the average fair value of 5,445.63 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of SMTAX and what does it mean?
SMTAX has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for SMTAX?
5,445.63 per share as of 5 Nov 2026 - the simple average of the 9 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 JPMorgan SmartRetirement 2040 Fund Class A report earnings next?
No upcoming earnings date is recorded for SMTAX in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does SMTAX have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on SMTAX, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.