Stock fact sheet · data as of
1290 SmartBeta Equity Fund Class I (TNBIX): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Speculative / Distressed
Is TNBIX undervalued?
1290 SmartBeta Equity Fund Class I (TNBIX) closed at 21.59 on 16 Oct 2026, 193% above the GLS average fair value of 7.36. 2 of the 2 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
The average is built from just 2 models (DCF, DDM) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files TNBIX 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 TNBIX
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 | 0.4770 | -98% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 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 | 14.25 | -34% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 0.0257 | -100% | 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
1290 SmartBeta Equity Fund Class I scores only 3 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 TNBIX scores 5.1/10 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 high - ROIC 21.7%, ROE 21.7%, ROA 21.6% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is high at 4.49% (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 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | 21.7% |
|---|---|---|---|
| GLS Moat | 5.1 / 10 | ROE | 21.7% |
| Debt / equity | 0.00 | ROA | 21.6% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 20: No options
No options are listed on 1290 SmartBeta Equity Fund Class I in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 20) and the stock is left out of every options screen; 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 $282M, with a beta of 0.79 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -193% margin of safety | |
| Health | 7 / 20 | Piotroski 3/9 | |
| Moat | 8 / 15 | moat 5.1/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 0k shares/day, $282M cap, beta 0.79 |
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 TNBIX 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 1290 SmartBeta Equity Fund Class I 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 |
|---|---|---|---|---|---|
| AFB AllianceBernstein National Municipal Income Fund | 9.76 | 14.94 | +35% | 39No options | $281M |
| RFMZ RiverNorth Flexible Municipal Income Fund II, Inc. | 11.50 | 25.91 | +56% | 39No options | $280M |
| GECCG Great Elm Capital Corp. 7.75% Notes Due 2030 | 24.54 | 55.78 | +56% | 34No options | $284M |
| CFNB California First Leasing Corporation | 1,586.17 | 23,788.81 | +93% | 39No options | $285M |
| NCA Nuveen California Municipal Value Fund | 8.34 | 4.47 | -87% | 23No options | $276M |
| RFI Cohen & Steers Total Return Realty Fund, Inc. | 10.32 | 22.04 | +53% | 39No options | $276M |
| RIV RiverNorth Opportunities Fund, Inc. | 10.06 | 30.14 | +67% | 39No options | $275M |
| FUND Sprott Focus Trust, Inc. | 9.76 | 64.98 | +85% | 34No options | $290M |
| VALSX Value Line Select Growth Fund | 30.01 | 25.91 | -16% | 36No options | $274M |
| CAF Morgan Stanley China A Share Fund Inc. | 17.05 | 217.91 | +92% | 39Weak | $291M |
| MXF The Mexico Fund, Inc. | 20.19 | 152.63 | +87% | 39No options | $291M |
| JCE Nuveen Core Equity Alpha Fund | 17.15 | 76.97 | +78% | 34No options | $292M |
⚖ Compare TNBIX with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about TNBIX
Is TNBIX undervalued right now?
No: at 21.59 the stock trades 193% above the GLS average fair value of 7.36 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of TNBIX and what does it mean?
TNBIX has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for TNBIX?
7.36 per share as of 16 Oct 2026 - the simple average of the 2 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 1290 SmartBeta Equity Fund Class I report earnings next?
No upcoming earnings date is recorded for TNBIX in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does TNBIX have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on TNBIX, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.