Stock fact sheet · data as of
Invesco Bond Fund (VBF): fair value, margin of safety and Wheel Score
Financial Services · Asset Management - Bonds · United States · High Yield Income
Is VBF undervalued?
At 14.32 (close of 16 Oct 2026), VBF trades 47% below the GLS average fair value of 26.96. That average comes from 7 models run on the latest filings, and 4 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Invesco Bond Fund the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The 7 models disagree widely: DCF gives 0.2680 while GLS Growth gives 62.19. 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 VBF under High Yield Income: a dividend yield above 4%.
Nine valuation models for VBF
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 | 0.2680 | -98% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 19.49 | +36% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 58.10 | +306% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 25.39 | +77% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 62.19 | +334% | 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 | 11.96 | -16% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 11.29 | -21% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.1946 | -99% | 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 - VBF passes 5 of the nine Piotroski tests, which falls one point short of the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 3.5 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 6.1%, ROE 6.1%, ROA 5.8% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is high at 5.68% (payout ratio 0%). 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 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 6.1% |
|---|---|---|---|
| GLS Moat | 3.5 / 10 | ROE | 6.1% |
| Debt / equity | 0.00 | ROA | 5.8% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
VBF 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 94k shares a day on a market cap of $164M, with a beta of 0.40 - 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 | 47% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 5 / 15 | moat 3.5/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 94k shares/day, $164M cap, beta 0.40 |
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 VBF in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management - Bonds
The 12 companies below are the closest to Invesco Bond Fund by market cap within the Asset Management - Bonds 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 |
|---|---|---|---|---|---|
| WMBDX WesMark Government Bond Fund | 7.55 | 16.64 | +55% | 39No options | $162M |
| DHY UBS Asset Management High Yield Credit Fund | 16.01 | 31.19 | +49% | 39No options | $166M |
| DMB BNY Mellon Municipal Bond Infrastructure Fund, Inc. | 9.57 | 10.08 | +5% | 35No options | $176M |
| FOSIX Tributary Short-Intermediate Bond Fd Insti | 8.89 | 2.45 | -263% | 23No options | $189M |
| DSCO DoubleLine Securitized Credit ETF | 24.33 | 13.63 | -79% | 8No options | $136M |
| CALI iShares Short-Term California Muni Active ETF | 49.98 | 10.78 | -363% | 9No options | $212M |
| FADLX Frost Low Duration Bond Fund Investor Class Shares | 9.70 | 113.85 | +91% | 39No options | $222M |
| FTPA Franklin Pennsylvania Municipal Income ETF | 8.20 | 2.13 | -285% | 10No options | $281M |
| GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | 12.41 | 33.92 | +63% | 39No options | $331M |
| DCIBX DFA California Intermediate-Term Municipal Bond Port | 10.08 | 6.91 | -46% | 19No options | $376M |
| CPTNX American Century Government Bond Investor Class | 8.99 | 10.35 | +13% | 39No options | $406M |
| PCARX PIMCO Credit Opportunities Bond Fund Class INSTL | 9.11 | 15.88 | +43% | 39No options | $453M |
⚖ Compare VBF with 7 of them All Financial Services stocks →
Screen 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 same eight-rule screen, 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 VBF
Is VBF undervalued right now?
By the GLS models, yes: at 14.32 the stock is 47% below the average fair value of 26.96 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of VBF and what does it mean?
VBF 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 VBF?
26.96 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 Invesco Bond Fund report earnings next?
No upcoming earnings date is recorded for VBF in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does VBF have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on VBF, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.