Stock fact sheet · data as of
Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX): fair value, margin of safety and Wheel Score
Ticker symbol VBTIX · Financial Services · Asset Management - Bonds · United States · Fund / Note
Is VBTIX undervalued?
At 9.42 (close of 5 Nov 2026), VBTIX has no GLS fair value: every one of the nine models needs a positive input (the company lost money over the last twelve months, EPS 0.00 and it pays no dividend), so the margin of safety is blank and the Wheel Score cannot be computed. Our scans leave the stock out at the first filter. What can be said from the nightly row is below.
VBTIX 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 VBTIX
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 | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 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 | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 0.0000 | -100% | 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
Vanguard Total Bond Market Index Fund Institutional Shares scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the "Piotroski 6 or more" Wheel Trade Filter with room to spare. There is no GLS Moat score for VBTIX: 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 thin or negative - ROIC 0.0%, ROE 0.0%, ROA 0.0% - with debt at 0.00 times equity and negative free cash flow.
Vanguard Total Bond Market Index Fund Institutional Shares pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 0.0% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 0.0% |
| Debt / equity | 0.00 | ROA | 0.0% |
| Free-cash-flow yield | 0.0% | Payout ratio | 71% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 18: No options
No options are listed on Vanguard Total Bond Market Index Fund Institutional Shares in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 18, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.
Volume runs at - a day on a market cap of $390.7B, with a beta of 0.98; the Stability part of the Wheel Score rates that strong.
| 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 right at 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 | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 0% below fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | no moat score | |
| Health | Good | Piotroski 7/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Strong | beta 0.98, $390.7B 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 VBTIX 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 Vanguard Total Bond Market Index Fund Institutional Shares 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 |
|---|---|---|---|---|---|
| JCBZX JPMorgan Core Bond Fund Class R2 | 10.00 | 2.97 | -236% | 16No options | $50.6B |
| JHNBX John Hancock Bond Fund Class A | 13.10 | 4.74 | -177% | 16No options | $25.1B |
| VCORX Vanguard Core Bond Fund Investor Shares | 8.73 | 3.59 | -143% | 15No options | $23.4B |
| ANBEX American Funds Strategic Bond Fund Class F-1 | 8.83 | 5.37 | -65% | 12No options | $20.4B |
| LUBAX Lord Abbett Ultra Short Bond Fund - Class A | 10.00 | 3.10 | -223% | 16No options | $16.7B |
| BFIFX American Funds Inflation Linked Bond Fund - Class F-1 | 9.38 | 2.64 | -255% | 11No options | $11.7B |
| RCWAX American Funds Capital World Bond Fund Class R-1 | 15.29 | 7.64 | -100% | 12No options | $9.7B |
| FATRX Frost Total Return Bond Fund Investor Class Shares | 9.24 | 8.00 | -15% | 12No options | $4.1B |
| EBNEX American Funds Emerging Markets Bond Fund Class F-1 | 7.86 | 7.17 | -10% | 11No options | $3.8B |
| APOIX American Century Short Duration Inflation Protection Bond Fund Investor Class | 10.44 | 4.19 | -149% | 14No options | $1.4B |
| PRVAX T. Rowe Price Virginia Municipal Bond Fund | 10.86 | 3.33 | -226% | 14No options | $1.4B |
| FBIIX Fidelity International Bond Index Fund | 9.03 | 4.85 | -86% | 15No options | $1.4B |
⚖ Compare VBTIX with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about VBTIX
Is VBTIX undervalued right now?
The GLS models could not value VBTIX (the company lost money over the last twelve months, EPS 0.00 and it pays no dividend), so there is no fair value or margin of safety to compare the price of 9.42 against.
What is the Wheel Score of VBTIX and what does it mean?
VBTIX 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 VBTIX?
None of the nine GLS models produced a positive value for VBTIX (the company lost money over the last twelve months, EPS 0.00 and it pays no dividend), so there is no GLS fair value tonight.
When does Vanguard Total Bond Market Index Fund Institutional Shares report earnings next?
No upcoming earnings date is recorded for VBTIX in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does VBTIX have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on VBTIX, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.