Stock fact sheet · data as of
Innovator U.S. Equity Ultra Buffer ETF (UNOV): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Blend
Is UNOV undervalued?
UNOV closed at 41.64 on 16 Oct 2026, more than 30% above the GLS average fair value of 0.1397. 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 Sunday Scan drops names like this at the "below fair value" rule.
The 7 models disagree widely: DCF gives 0.0034 while Graham Growth gives 0.3836. 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 UNOV under Blend.
Nine valuation models for UNOV
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 | 0.0034 | -100% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 0.0860 | -100% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 0.3836 | -99% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 0.1403 | -100% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 0.0583 | -100% | 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 | 0.1601 | -100% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 0.1460 | -100% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.9607 | -98% | 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
Financial health is average - UNOV passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 5.0 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.
Returns on capital are high - ROIC 50.7%, ROE 51.4%, ROA 40.1% - with debt at 0.01 times equity and a free-cash-flow yield of 3.0%.
Innovator U.S. Equity Ultra Buffer ETF 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 Other Revenue 100% (quarter Q1 FY2026).
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 50.7% |
|---|---|---|---|
| GLS Moat | 5.0 / 10 | ROE | 51.4% |
| Debt / equity | 0.01 | ROA | 40.1% |
| Free-cash-flow yield | 3.0% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 27: No options
UNOV 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" (27 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 2k shares a day on a market cap of $78M, 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 | 0 / 25 | -29706% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 8 / 15 | moat 5.0/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 2k shares/day, $78M 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 UNOV 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 Innovator U.S. Equity Ultra Buffer 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 |
|---|---|---|---|---|---|
| SAMG Silvercrest Asset Management Group Inc. | 10.21 | 9.99 | -2% | 61Fair | $80M |
| FMN Federated Hermes Premier Municipal Income Fund | 10.23 | 18.92 | +46% | 39No options | $80M |
| AFEM First Trust Active Factor Emerging Markets ETF | 94.75 | 36.65 | -159% | 9No options | $81M |
| SWZ Total Return Securities Fund | 5.72 | 10.34 | +45% | 39No options | $74M |
| VGI Virtus Global Multi-Sector Income Fund | 6.54 | 25.03 | +74% | 39No options | $74M |
| HNNA Hennessy Advisors, Inc. | 10.43 | 17.03 | +39% | 39No options | $82M |
| BCIC BCP Investment Corporation | 6.67 | 38.46 | +83% | 45Weak | $83M |
| ZSTK ZeroStack Corp. | 4.15 | - | - | 21No options | $72M |
| FHLKX Fidelity Health Savings Fund Class K | 11.49 | 1,202.58 | +99% | 39No options | $72M |
| AFJAX Virtus NFJ International Value Fund | 27.58 | 73.99 | +63% | 39No options | $84M |
| GLV Clough Global Dividend and Income Fund | 5.78 | 45.38 | +87% | 39No options | $72M |
| WMKMX WesMark West Virginia Municipal Bond Fund | 9.28 | 5.01 | -85% | 22No options | $84M |
⚖ Compare UNOV with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about UNOV
Is UNOV undervalued right now?
No: at 41.64 the stock trades 29706% above the GLS average fair value of 0.1397 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of UNOV and what does it mean?
UNOV 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 UNOV?
0.1397 per share as of 16 Oct 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 Innovator U.S. Equity Ultra Buffer ETF report earnings next?
No upcoming earnings date is recorded for UNOV in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does UNOV have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on UNOV, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.