Stock fact sheet · data as of
Trinity Capital Inc. (TRIN): fair value, margin of safety and Wheel Score
Ticker symbol TRIN · Financial Services · Asset Management · United States · Value Income
Is TRIN undervalued?
TRIN has a margin of safety of 55%: the stock closed at 17.94 on 5 Nov 2026 against a GLS average fair value of 40.05. 6 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.
There is a wide gap between Lynch (8.02) and GLS Growth (122.77). 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, TRIN is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 73, growth score 51, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for TRIN
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 | 37.35 | +108% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 25.08 | +40% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 32.35 | +80% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 8.02 | -55% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 122.77 | +584% | 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 | 32.52 | +81% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 22.28 | +24% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -15.03 | -184% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 16.30 | -9% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Trinity Capital Inc. scores only 4 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. 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 TRIN 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 moderate - ROIC 5.6%, ROE 12.4%, ROA 5.5% - with debt at 1.20 times equity and negative free cash flow.
The dividend yield is high at 12.32% (payout ratio 155%) - a payout above 100% of earnings, which is not covered by profits. 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 4/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 7 Aug 2026.
| Piotroski F-score | 4 / 9 | ROIC | 5.6% |
|---|---|---|---|
| GLS Moat | 6.0 / 10 | ROE | 12.4% |
| Debt / equity | 1.20 | ROA | 5.5% |
| Free-cash-flow yield | -19.2% | Payout ratio | 155% |
| Institutions | 4 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 49: Weak
With a Wheel Score of 49 Trinity Capital Inc. sits in the Weak band. It fails filter 4, financially healthy - Piotroski 4/9 (under 6); Option trading (fair) is its weakest part.
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 5,510 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 1.6M shares a day on a market cap of $1.6B, with a beta of 0.72 - 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 | Fails | Piotroski 4/9 (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 | 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 | 55% below fair value | |
| Premium | Strong | implied volatility 50% | |
| Moat | Good | moat 6.0/10 | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Good | Red Flags score 80/100 | |
| Option trading | Fair | 1,560 contracts a day, 5,510 open interest | |
| Stability | Fair | beta 0.72, $1.6B 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 TRIN in the nightly calendar. The shares go ex-dividend on 13 Nov 2026 (0.1700 per share), so a covered call sold before then carries a small early-assignment risk around that date.
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 Trinity Capital 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.
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| RQI Cohen & Steers Quality Income Realty Fund, Inc. | 12.01 | 23.89 | +50% | 24No options | $1.6B |
| ARAAX Horizon Active Risk Assist Fund - Advisor Class | 27.48 | 235.41 | +88% | 26No options | $1.6B |
| BST BlackRock Science and Technology Trust | 46.03 | 348.58 | +87% | 33No options | $1.6B |
| MQY BlackRock MuniYield Quality Fund, Inc. | 10.60 | 16.52 | +36% | 26No options | $1.6B |
| PAX Patria Investments Ltd | 9.76 | 12.67 | +23% | 72Good | $1.6B |
| KEGS 1812 Brewing Company Inc. | 1.72 | - | - | 9No options | $1.6B |
| CSWC Capital Southwest Corporation | 23.79 | 33.54 | +29% | 49Weak | $1.6B |
| GAB The Gabelli Equity Trust Inc. | 5.33 | 30.11 | +82% | 32No options | $1.7B |
| RCGTX Virtus Zevenbergen Technology Fund CL C | 16.56 | 20.35 | +19% | 18No options | $1.6B |
| HYT BlackRock Corporate High Yield Fund, Inc. | 7.97 | 13.27 | +40% | 23No options | $1.6B |
| BCHYX American Century California High Yield Municipal Investor Class | 9.33 | 5.76 | -62% | 11No options | $1.6B |
| CET Central Securities Corp. | 56.70 | 150.52 | +62% | 34No options | $1.7B |
⚖ Compare TRIN with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about TRIN
Is TRIN undervalued right now?
By the GLS models, yes: at 17.94 the stock is 55% below the average fair value of 40.05 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of TRIN and what does it mean?
TRIN scores 49 out of 100 (Weak) - it fails Wheel Trade Filter 4. 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 TRIN?
40.05 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 Trinity Capital Inc. report earnings next?
No upcoming earnings date is recorded for TRIN in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does TRIN have listed options, and how liquid are they?
Yes. The nightly snapshot found 30 listed contracts with 5,510 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.