Stock fact sheet · data as of
Templeton Dragon Fund, Inc. (TDF): fair value, margin of safety and Wheel Score
Ticker symbol TDF · Financial Services · Asset Management · United States · Fund / Note
Is TDF undervalued?
TDF has a margin of safety of 76%: the stock closed at 9.45 on 5 Nov 2026 against a GLS average fair value of 38.61. 5 of the 7 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.
The 7 models disagree widely: DCF gives 0.6774 while GLS Growth gives 95.51. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
TDF 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 TDF
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 | 0.6774 | -93% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 21.14 | +124% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 89.24 | +844% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 39.00 | +313% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 95.51 | +911% | 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 | 7.36 | -22% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 17.33 | +83% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.3991 | -96% | 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
Financial health is average - TDF passes 5 of the nine Piotroski tests, which falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. There is no GLS Moat score for TDF: 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 high - ROIC 23.3%, ROE 23.4%, ROA 23.3% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is high at 5.29% (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 9/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 23.3% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 23.4% |
| Debt / equity | 0.00 | ROA | 23.3% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 9 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 26: No options
TDF has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (26 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 51k shares a day on a market cap of $237M, with a beta of 0.48 - 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 | 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 | Fails | market cap $237M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 76% 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 0.48, $237M 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 TDF 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 Templeton Dragon Fund, Inc. 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 |
|---|---|---|---|---|---|
| RCS PIMCO Strategic Income Fund | 5.03 | 13.62 | +63% | 25No options | $238M |
| MMT Aberdeen Multi-Market Income Fund | 4.29 | 7.35 | +42% | 25No options | $235M |
| GLO Clough Global Opportunities Fund | 5.47 | 31.33 | +83% | 26No options | $234M |
| FTUAX Fidelity Advisor Telecommunications A | 60.86 | 5,336.97 | +99% | 28No options | $234M |
| ACV Virtus Diversified Income & Convertible Fund | 23.16 | 142.88 | +84% | 26No options | $241M |
| PSF Cohen & Steers Select Preferred and Income Fund, Inc. | 19.03 | 51.33 | +63% | 28No options | $229M |
| SRV NXG Cushing Midstream Energy Fund | 36.63 | 125.64 | +71% | 26No options | $228M |
| NUW Nuveen AMT-Free Municipal Value Fund | 13.74 | 23.58 | +42% | 26No options | $247M |
| KF The Korea Fund, Inc. | 54.54 | 1,344.67 | +96% | 22No options | $227M |
| EOT Eaton Vance National Municipal Opportunities Trust | 15.99 | 20.80 | +23% | 24No options | $250M |
| CPZ Calamos Long/Short Equity & Dynamic Income Term Trust | 12.80 | 8.35 | -53% | 16No options | $251M |
| FTF Franklin Limited Duration Income Trust | 5.48 | 14.34 | +62% | 34No options | $221M |
⚖ Compare TDF with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about TDF
Is TDF undervalued right now?
By the GLS models, yes: at 9.45 the stock is 76% below the average fair value of 38.61 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of TDF and what does it mean?
TDF 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 TDF?
38.61 per share as of 5 Nov 2026 - the simple average of the 7 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 Templeton Dragon Fund, Inc. report earnings next?
No upcoming earnings date is recorded for TDF in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does TDF have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on TDF, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.