Stock fact sheet · data as of
Teekay Corporation (TK): fair value, margin of safety and Wheel Score
Ticker symbol TK · Energy · Oil & Gas Midstream · Bermuda · Value Income
Is TK undervalued?
Teekay Corporation (TK) closed at 13.44 on 5 Nov 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 67.03, which puts the price 80% below it. 9 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 (14.71) and Graham Growth (145.04). 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, TK is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 79, growth score 32, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for TK
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 | 35.31 | +163% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 23.16 | +72% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 145.04 | +979% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 62.51 | +365% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 83.32 | +520% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 89.89 | +569% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 118.86 | +784% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 14.71 | +9% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 30.48 | +127% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 10.98 | -18% | 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
Teekay Corporation scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the "Piotroski 6 or more" Wheel Trade Filter with room to spare. On durability TK scores 6.0/10 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 high - ROIC 12.7%, ROE 13.5%, ROA 4.1% - with debt at 0.06 times equity and a free-cash-flow yield of 27.9%.
The dividend yield is high at 7.44% (payout ratio 72%). 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. Revenue comes mainly from Voyage charters 56%, Voyage Charters Suezmax 31%, Other revenue 10% (fiscal year FY2025).
Institutional ownership scores 7/10, insider activity 2/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 12.7% |
|---|---|---|---|
| GLS Moat | 6.0 / 10 | ROE | 13.5% |
| Debt / equity | 0.06 | ROA | 4.1% |
| Free-cash-flow yield | 27.9% | Payout ratio | 72% |
| Institutions | 7 / 10 | Insiders · Congress | 2 · 5 / 10 |
Wheel Score 85: Prime
With a Wheel Score of 85, Teekay Corporation sits in the Prime band. It passes every Wheel Trade Filter - busy options, a real business, below fair value, healthy accounts, debt it can repay, no serious red flags, a premium worth selling, enough size and price - and ranks near the top on the parts: value strong, premium strong, moat good, health good, red flags strong, option trading fair, stability fair. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.
Implied volatility is 50% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 6,381 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 519k shares a day on a market cap of $1.2B, with a beta of 0.13 - 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 | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 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 | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 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 | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 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 | 80% below fair value | |
| Premium | Strong | implied volatility 50% | |
| Moat | Good | moat 6.0/10 | |
| Health | Good | Piotroski 7/9 | |
| Red Flags | Strong | Red Flags score 100/100 | |
| Option trading | Fair | 2,768 contracts a day, 6,381 open interest | |
| Stability | Fair | beta 0.13, $1.2B 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
Teekay Corporation reports earnings on 11 Nov 2026 (after the close) - 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 Oil & Gas Midstream
The 12 companies below are the closest to Teekay Corporation by market cap within the Oil & Gas Midstream 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 |
|---|---|---|---|---|---|
| PBT Permian Basin Royalty Trust | 28.49 | 8.25 | -246% | 35Weak | $1.3B |
| SBR Sabine Royalty Trust | 67.62 | 45.19 | -50% | 21No options | $986M |
| TEN Tsakos Energy Navigation Limited | 46.80 | 88.10 | +47% | 49Weak | $1.4B |
| GLP Global Partners LP | 43.47 | 59.60 | +27% | 47Weak | $1.5B |
| GEL Genesis Energy, L.P. | 13.26 | 33.67 | +61% | 48Weak | $1.6B |
| NGL NGL Energy Partners LP | 15.52 | 36.03 | +57% | 43Weak | $1.9B |
| LPG Dorian LPG Ltd. | 49.43 | 84.86 | +42% | 80Good | $2.1B |
| WHK WhiteHawk Minerals Corp | 24.37 | 2.92 | -735% | 15No options | $560M |
| NFEGP New Fortress Energy Inc. Series A Mandatorily Convertible Preferred Stock | 227.87 | 20.81 | -995% | 12No options | $559M |
| DKL Delek Logistics Partners, LP | 52.31 | 50.17 | -4% | 34Weak | $3.0B |
| SMC Summit Midstream Corp. | 28.92 | 149.89 | +81% | 45Weak | $399M |
| EE Excelerate Energy, Inc. | 34.29 | 63.78 | +46% | 80Good | $3.9B |
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Start free See the Sunday ScanQuestions about TK
Is TK undervalued right now?
By the GLS models, yes: at 13.44 the stock is 80% below the average fair value of 67.03 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of TK and what does it mean?
TK scores 85 out of 100 (Prime). The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for TK?
67.03 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 Teekay Corporation report earnings next?
The next earnings report is due on 11 Nov 2026 (after the close), 6 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does TK have listed options, and how liquid are they?
Yes. The nightly snapshot found 34 listed contracts with 6,381 open interest across all expiries and implied volatility of 50% 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.