Stock fact sheet · data as of
Vanguard GNMA Fund Admiral Shares (VFIJX): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Blend
Is VFIJX undervalued?
At 9.02 (close of 16 Oct 2026), VFIJX trades 11% under the GLS average fair value of 10.08. 1 of the 2 models that produced a value land above the price. A discount of this size counts as a positive margin of safety in every GLS screen; whether it is enough depends on the rest of the picture - the health score, the moat and the option premium below.
The average is built from just 2 models (DCF, DDM) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files VFIJX under Blend.
Nine valuation models for VFIJX
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 | 14.92 | +65% | Present value of the projected free cash flows, discounted at the cost of capital |
| 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 | 5.25 | -42% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 0.0293 | -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 GNMA Fund Admiral Shares scores only 4 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 3.7/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 1.4%, ROE 2.0%, ROA 1.0% - with debt at 0.42 times equity and negative free cash flow.
The dividend yield is 3.96% at a payout ratio of 45%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 1.4% |
|---|---|---|---|
| GLS Moat | 3.7 / 10 | ROE | 2.0% |
| Debt / equity | 0.42 | ROA | 1.0% |
| Free-cash-flow yield | -0.7% | Payout ratio | 45% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
No options are listed on Vanguard GNMA Fund Admiral Shares in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 39) and the stock is left out of every options screen; 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 $10.6B, with a beta of 1.06; the Stability part of the Wheel Score gives that 12 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 17 / 25 | 11% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 6 / 15 | moat 3.7/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 12 / 20 | 0k shares/day, $10.6B cap, beta 1.06 |
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 VFIJX 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 Vanguard GNMA Fund Admiral Shares 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 |
|---|---|---|---|---|---|
| MGRE Affiliated Managers Group, Inc. | 21.08 | 187.74 | +89% | 39No options | $10.0B |
| MGRD Affiliated Managers Group, Inc. | 13.76 | 178.91 | +92% | 39No options | $9.9B |
| MGRB Affiliated Managers Group, Inc. | 15.31 | 180.78 | +92% | 39No options | $9.9B |
| AMG Affiliated Managers Group, Inc. | 383.04 | 505.98 | +24% | 80Prime | $9.9B |
| PSLV Sprott Physical Silver Trust | 18.07 | 181.30 | +90% | 39No options | $11.4B |
| OXLCL Oxford Lane Capital Corp. 6.75% Notes due 2031 | 23.79 | 69.99 | +66% | 39No options | $11.5B |
| OMSIX Invesco Main Street Fund Class R6 | 68.75 | 53.01 | -30% | 33No options | $11.5B |
| VWESX Vanguard Long-Term Investment-Grade Fund Investor Shares | 6.98 | 2.93 | -138% | 30No options | $9.8B |
| MLAAX NYLI Winslow Large Cap Growth Fund;A | 9.25 | 15.76 | +41% | 39No options | $11.6B |
| OXLCN Oxford Lane Capital Corp. | 24.41 | 69.99 | +65% | 39No options | $11.8B |
| OXLCZ Oxford Lane Capital Corp. 5.00% Notes due 2027 | 24.95 | 69.99 | +64% | 39No options | $12.0B |
| JSOAX JPMorgan Strategic Income Opports A | 11.36 | 84.34 | +87% | 39No options | $9.3B |
⚖ Compare VFIJX with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about VFIJX
Is VFIJX undervalued right now?
By the GLS models, moderately: at 9.02 the stock trades 11% below the average fair value of 10.08 (data as of 16 Oct 2026).
What is the Wheel Score of VFIJX and what does it mean?
VFIJX 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 VFIJX?
10.08 per share as of 16 Oct 2026 - the simple average of the 2 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 Vanguard GNMA Fund Admiral Shares report earnings next?
No upcoming earnings date is recorded for VFIJX in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does VFIJX have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on VFIJX, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.