Stock fact sheet · data as of
Tortoise Electrification Infrastructure ETF (TPZ): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · High Growth
Is TPZ undervalued?
TPZ has a margin of safety of 71%: the stock closed at 20.54 on 16 Oct 2026 against a GLS average fair value of 70.34. 8 of the 9 valuation models that produced a number sit above the price. Our screens 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 9 models disagree widely: DDM gives 11.98 while GLS Growth gives 135.30. 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.
The nightly engine files TPZ under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for TPZ
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 | 64.77 | +215% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 32.53 | +58% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 126.41 | +516% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 55.25 | +169% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 135.30 | +559% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 61.18 | +198% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 121.13 | +490% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 11.98 | -42% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 24.56 | +20% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -4.30 | -121% | 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
On financial health TPZ scores 7/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is low at 4.4 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are moderate - ROIC 8.3%, ROE 10.4%, ROA 8.2% - with debt at 0.26 times equity and a free-cash-flow yield of 12.1%.
The dividend yield is 3.96% at a payout ratio of 78%; 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.
Institutional ownership scores 3/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 8.3% |
|---|---|---|---|
| GLS Moat | 4.4 / 10 | ROE | 10.4% |
| Debt / equity | 0.26 | ROA | 8.2% |
| Free-cash-flow yield | 12.1% | Payout ratio | 78% |
| Institutions | 3 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 39: No options
TPZ has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 4k shares a day on a market cap of $114M, with a beta of 0.45 - 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 | 25 / 25 | 71% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 7 / 15 | moat 4.4/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 4k shares/day, $114M cap, beta 0.45 |
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 TPZ 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 Tortoise Electrification Infrastructure ETF 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 |
|---|---|---|---|---|---|
| WEA Western Asset Premier Bond Fund | 9.68 | 22.85 | +58% | 39No options | $115M |
| MCN XAI Madison Equity Premium Income Fund | 5.28 | 12.94 | +59% | 39No options | $111M |
| PFO Flaherty & Crumrine Preferred Income Opportunity Fund Inc. | 8.47 | 18.38 | +54% | 39No options | $111M |
| LTCN Grayscale Litecoin Trust | 4.55 | - | - | 15No options | $110M |
| NIM Nuveen Select Maturities Municipal Fund | 8.86 | 11.47 | +23% | 39No options | $110M |
| DMO Western Asset Mortgage Opportunity Fund Inc | 9.61 | 21.69 | +56% | 39No options | $110M |
| JHS John Hancock Income Securities Trust | 10.20 | 21.12 | +52% | 39No options | $119M |
| IAF Abrdn Australia Equity Fund Inc | 12.43 | 37.02 | +66% | 39No options | $119M |
| CEE The Central and Eastern Europe Fund, Inc. | 18.59 | 182.50 | +90% | 39No options | $120M |
| WHOSX Wasatch-Hoisington U.S. Treasury Fund | 9.88 | 91.05 | +89% | 39No options | $107M |
| RISE The 2023 ETF Series Trust - Pictet Emerging Markets Rising Economies ETF | 18.83 | 2.11 | -790% | 6No options | $106M |
| GLU The Gabelli Global Utility & Income Trust | 17.60 | 115.16 | +85% | 39No options | $105M |
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Start free See the Sunday ScanQuestions about TPZ
Is TPZ undervalued right now?
By the GLS models, yes: at 20.54 the stock is 71% below the average fair value of 70.34 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of TPZ and what does it mean?
TPZ 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 TPZ?
70.34 per share as of 16 Oct 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 Tortoise Electrification Infrastructure ETF report earnings next?
No upcoming earnings date is recorded for TPZ in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does TPZ have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on TPZ, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.