Stock fact sheet · data as of
TETRA Technologies, Inc. (TTI): fair value, margin of safety and Wheel Score
Ticker symbol TTI · Energy · Oil & Gas Equipment & Services · United States · Growth
Is TTI undervalued?
TTI closed at 6.18 on 5 Nov 2026, more than 30% above the GLS average fair value of 2.10. Only 0 of the 7 models that produced a value sit above the price. By our models the shares are priced well beyond what the filed earnings, cash flow and book value support; the "below fair value" Wheel Trade Filter keeps names like this under 70.
There is a wide gap between 10 Cap (0.6560) and GLS Growth (3.68). 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, TTI is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 24, growth score 63, out of 100).
Nine valuation models for TTI
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 | 2.84 | -54% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 1.95 | -68% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 3.44 | -44% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 1.50 | -76% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 3.68 | -40% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 0.6560 | -89% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 0.6676 | -89% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -1.25 | -120% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 10.25 | +66% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
TETRA Technologies, Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 4.4/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 0.5%, ROE 1.1%, ROA 0.4% - with debt at 0.93 times equity and negative free cash flow.
TETRA Technologies, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Product 56%, Service 44% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 3/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 0.5% |
|---|---|---|---|
| GLS Moat | 4.4 / 10 | ROE | 1.1% |
| Debt / equity | 0.93 | ROA | 0.4% |
| Free-cash-flow yield | -4.6% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 3 · 5 / 10 |
Wheel Score 34: Weak
With a Wheel Score of 34 TETRA Technologies, Inc. sits in the Weak band. It fails filter 3, below fair value - trades 194% above our fair value; and filter 4, financially healthy - Piotroski 5/9 (under 6); and filter 8, big enough - market cap $917M (under $1.0B); Value (weak) is its weakest part.
Implied volatility is 61% on the near-the-money contracts 20-60 days out - above the 60% top of the sweet spot. It still passes the 25-80% filter, but the Wheel Score rewards it less because volatility this high usually comes with a reason. Chain open interest is 5,776 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 4.8M shares a day on a market cap of $917M, with a beta of 1.26 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; 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 | Fails | trades 194% above our fair value |
| 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 | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $917M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 194% above fair value | |
| Premium | Strong | implied volatility 61% | |
| Moat | Fair | moat 4.4/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Strong | Red Flags score 95/100 | |
| Option trading | Weak | 354 contracts a day, 5,776 open interest | |
| Stability | Fair | beta 1.26, $917M 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 TTI in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Equipment & Services
The 12 companies below are the closest to TETRA Technologies, Inc. by market cap within the Oil & Gas Equipment & Services 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 |
|---|---|---|---|---|---|
| HOS Hornbeck Offshore Services, Inc. | 6.14 | 2.68 | -129% | 10Weak | $904M |
| FTK Flotek Industries, Inc. | 24.72 | 21.46 | -15% | 24Weak | $894M |
| AESI Atlas Energy Solutions Inc. | 6.73 | 5.56 | -21% | 21Weak | $841M |
| FET Forum Energy Technologies, Inc. | 73.68 | 118.67 | +38% | 49Weak | $833M |
| PUMP ProPetro Holding Corp. | 6.42 | 0.8458 | -659% | 23Weak | $789M |
| VTOL Bristow Group Inc. | 38.96 | 61.31 | +36% | 47Weak | $1.2B |
| ACDC ProFrac Holding Corp. | 3.97 | 8.55 | +54% | 28Weak | $723M |
| HMH HMH Holding Inc. Class A Common Stock | 15.40 | 131.05 | +88% | 31No options | $688M |
| WBI WaterBridge Infrastructure LLC | 26.04 | 13.85 | -88% | 31Weak | $1.2B |
| RES RPC, Inc. | 5.90 | 5.94 | +1% | 34Weak | $1.3B |
| XPRO Expro Group Holdings N.V. | 13.86 | 8.55 | -62% | 26Weak | $1.6B |
| OIS Oil States International, Inc. | 8.53 | 8.37 | -2% | 27Weak | $510M |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about TTI
Is TTI undervalued right now?
No: at 6.18 the stock trades 194% above the GLS average fair value of 2.10 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of TTI and what does it mean?
TTI scores 34 out of 100 (Weak) - it fails Wheel Trade Filters 3, 4, 8. 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 TTI?
2.10 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 TETRA Technologies, Inc. report earnings next?
No upcoming earnings date is recorded for TTI in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does TTI have listed options, and how liquid are they?
Yes. The nightly snapshot found 20 listed contracts with 5,776 open interest across all expiries and implied volatility of 61% 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.