Stock fact sheet · data as of
Innovator U.S. Equity Ultra Buffer ETF (UNOV): fair value, margin of safety and Wheel Score
Ticker symbol UNOV · Financial Services · Asset Management · United States · Fund / Note
Is UNOV undervalued?
UNOV closed at 41.92 on 5 Nov 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 "below fair value" Wheel Trade Filter keeps names like this under 70.
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.
UNOV looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
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 "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. There is no GLS Moat score for UNOV: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
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 | - / 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 14: 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. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (14 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 40k 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 rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Fails | trades 29910% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 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 | Fails | no implied volatility |
| 8 | Big enough | Fails | market cap $78M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 29910% above fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | no moat score | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.45, $78M 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 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.
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| PFXNZ PhenixFIN Corporation 5.25% Notes due 2028 | 24.44 | 63.16 | +61% | 24No options | $80M |
| WMKMX WesMark West Virginia Municipal Bond Fund | 9.62 | 5.28 | -82% | 11No options | $81M |
| PFX PhenixFIN Corporation | 42.18 | 85.48 | +51% | 33No options | $81M |
| BCIC BCP Investment Corporation | 6.03 | 38.60 | +84% | 38Weak | $75M |
| FMN Federated Hermes Premier Municipal Income Fund | 10.54 | 18.91 | +44% | 24No options | $82M |
| HNNA Hennessy Advisors, Inc. | 10.53 | 17.10 | +38% | 35No options | $83M |
| FHLKX Fidelity Health Savings Fund Class K | 11.47 | 1,192.16 | +99% | 30No options | $73M |
| MGLD The Marygold Companies, Inc. | 1.97 | - | - | 15No options | $84M |
| PCL PGIM ETF Trust - PGIM Corporate Bond 10+ Year ETF | 46.56 | 23.11 | -101% | 14No options | $72M |
⚖ 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 41.92 the stock trades 29910% above the GLS average fair value of 0.1397 (data as of 5 Nov 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; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for UNOV?
0.1397 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 Innovator U.S. Equity Ultra Buffer ETF report earnings next?
No upcoming earnings date is recorded for UNOV in our calendar as of 5 Nov 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 stays under 70.