Stock fact sheet · data as of
Southern Company (The) Series 2 (SOJE): fair value, margin of safety and Wheel Score
Ticker symbol SOJE · Utilities · Regulated Electric · United States · Blend
Is SOJE undervalued?
SOJE has a margin of safety of 52%: the stock closed at 15.55 on 5 Nov 2026 against a GLS average fair value of 32.26. 6 of the 9 valuation models that produced a number sit above the price. Our scans 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 GLS Growth (4.96) and 10 Cap (87.81). 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.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for SOJE, so the nightly engine files it under Blend (value score 45, growth score 50, out of 100).
Nine valuation models for SOJE
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 | 29.82 | +92% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 56.63 | +264% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 16.04 | +3% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 5.30 | -66% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 4.96 | -68% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 87.81 | +465% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 38.01 | +144% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 44.14 | +184% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 7.60 | -51% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -15.38 | -199% | 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
Southern Company (The) Series 2 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. On durability SOJE scores 5.1/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are thin or negative - ROIC 3.9%, ROE 12.1%, ROA 2.8% - with debt at 2.06 times equity and a free-cash-flow yield of 2.4%. Debt of 2.06 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is 3.22% at a payout ratio of 67%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Retail electric revenues 69%, Natural gas distribution revenues 13%, Wholesale electric revenues 7% (quarter Q2 FY2026).
Institutional ownership scores 5/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 3.9% |
|---|---|---|---|
| GLS Moat | 5.1 / 10 | ROE | 12.1% |
| Debt / equity | 2.06 | ROA | 2.8% |
| Free-cash-flow yield | 2.4% | Payout ratio | 67% |
| Institutions | 5 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 35: No options
No options are listed on Southern Company (The) Series 2 in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 35, 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 57k shares a day on a market cap of $107.1B, with a beta of 0.43 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that strong.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 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 | Fails | 6.7 years to repay its debt (over 6) |
| 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 | 52% below fair value | |
| Premium | Weak | no option data | |
| Moat | Fair | moat 5.1/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Strong | beta 0.43, $107.1B 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
Southern Company (The) Series 2 reports earnings on 5 Nov 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Regulated Electric
The 12 companies below are the closest to Southern Company (The) Series 2 by market cap within the Regulated Electric 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 |
|---|---|---|---|---|---|
| SO The Southern Company | 93.12 | 53.55 | -74% | 36Weak | $107.1B |
| SOMN The Southern Company | 48.69 | 42.19 | -15% | 21No options | $107.1B |
| DUK Duke Energy Corporation | 129.59 | 81.45 | -59% | 34Weak | $101.0B |
| NGG National Grid plc | 85.22 | 46.78 | -82% | 36Weak | $85.7B |
| AEP American Electric Power Company, Inc. | 129.24 | 125.28 | -3% | 30Weak | $70.4B |
| NEE NextEra Energy, Inc. | 88.45 | 75.33 | -17% | 35Weak | $185.5B |
| D Dominion Energy, Inc. | 69.75 | 45.03 | -55% | 30Weak | $61.3B |
| ETR Entergy Corporation | 111.90 | 62.45 | -79% | 27Weak | $53.5B |
| XEL Xcel Energy Inc. | 80.50 | 49.47 | -63% | 31Weak | $51.7B |
| EXC Exelon Corporation | 46.24 | 27.57 | -68% | 27Weak | $47.9B |
| ELC Entergy Louisiana, LLC COLLATERAL TR MT | 18.40 | 94.79 | +81% | 32No options | $46.4B |
| ED Consolidated Edison, Inc. | 120.30 | 108.65 | -11% | 29Weak | $44.3B |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about SOJE
Is SOJE undervalued right now?
By the GLS models, yes: at 15.55 the stock is 52% below the average fair value of 32.26 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of SOJE and what does it mean?
SOJE 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 SOJE?
32.26 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 Southern Company (The) Series 2 report earnings next?
The next earnings report is due on 5 Nov 2026 (before the open), 0 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does SOJE have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on SOJE, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.