Stock fact sheet · data as of
VOC Energy Trust (VOC): fair value, margin of safety and Wheel Score
Ticker symbol VOC · Energy · Oil & Gas Exploration & Production · United States · Speculative Income
Is VOC undervalued?
VOC Energy Trust (VOC) closed at 2.97 on 5 Nov 2026. The GLS average fair value - the simple average of the 7 valuation models that produced a positive number - is 5.77, which puts the price 49% below it. 4 of the 7 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
The 7 models disagree widely: GLS Growth gives 1.19 while DCF gives 14.72. 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 VOC under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan. It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for VOC
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 | 14.72 | +395% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 2.20 | -26% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 6.53 | +120% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 1.62 | -45% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 1.19 | -60% | 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 | 9.64 | +225% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 4.50 | +52% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.1192 | -96% | 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 weak: VOC passes 3 of the nine Piotroski tests. Our scans drop the stock at the health filter; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is 7.0 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.
Returns on capital are high - ROIC 71.1%, ROE 71.1%, ROA 71.1% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is high at 22.05% (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 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | 71.1% |
|---|---|---|---|
| GLS Moat | 7.0 / 10 | ROE | 71.1% |
| Debt / equity | 0.00 | ROA | 71.1% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 36: Weak
VOC scores 36 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 1, options that actually trade - options too quiet (51 open interest, 42 a day); and filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 4, financially healthy - Piotroski 3/9 (under 6); and filter 7, a premium worth selling - implied volatility 102% (over 80%); and filter 8, big enough - market cap $50M (under $1.0B); and filter 9, not a penny stock - price 2.97 (under $5), and the parts are thin too - value strong, premium weak, moat good, health weak, red flags good, option trading weak, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 102%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is thin - 51 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 112k shares a day on a market cap of $50M, with a beta of 0.09 - 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 | options too quiet (51 open interest, 42 a day) |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 3/9 (under 6) |
| 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 | implied volatility 102% (over 80%) |
| 8 | Big enough | Fails | market cap $50M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 2.97 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 49% below fair value | |
| Premium | Weak | implied volatility 102% | |
| Moat | Good | moat 7.0/10 | |
| Health | Weak | Piotroski 3/9 | |
| Red Flags | Good | Red Flags score 80/100 | |
| Option trading | Weak | 42 contracts a day, 51 open interest | |
| Stability | Fair | beta 0.09, $50M 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 VOC in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Exploration & Production
The 12 companies below are the closest to VOC Energy Trust by market cap within the Oil & Gas Exploration & Production 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 |
|---|---|---|---|---|---|
| CJAX CoJax Oil and Gas Corporation | 3.55 | 57.16 | +94% | 29No options | $50M |
| LRDC Laredo Oil, Inc. | 0.6000 | - | - | 11No options | $52M |
| PVL Permianville Royalty Trust | 1.81 | 2.08 | +13% | 30Weak | $60M |
| NRT North European Oil Royalty Trust | 6.93 | 14.44 | +52% | 47Weak | $64M |
| AGIG Abundia Global Impact Group Inc. | 0.8890 | - | - | 10No options | $39M |
| PROP Prairie Operating Co. | 0.3988 | 13.22 | +97% | 27Weak | $39M |
| INDO Indonesia Energy Corporation Limited | 2.53 | - | - | 12No options | $39M |
| SPND Spindletop Oil & Gas Co. | 5.35 | - | - | 15No options | $35M |
| BSIN Big Sky Industrial Inc. | 1.44 | - | - | 10No options | $76M |
| RSRV The Reserve Petroleum Company | 220.00 | 349.15 | +37% | 32No options | $33M |
| CRT Cross Timbers Royalty Trust | 12.88 | 7.64 | -69% | 19No options | $77M |
| ANNA AleAnna, Inc. | 2.07 | 10.82 | +81% | 29No options | $85M |
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Start free See the Sunday ScanQuestions about VOC
Is VOC undervalued right now?
By the GLS models, yes: at 2.97 the stock is 49% below the average fair value of 5.77 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of VOC and what does it mean?
VOC scores 36 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 4, 7, 8, 9. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for VOC?
5.77 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 VOC Energy Trust report earnings next?
No upcoming earnings date is recorded for VOC in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does VOC have listed options, and how liquid are they?
Yes. The nightly snapshot found 6 listed contracts with 51 open interest across all expiries and implied volatility of 102% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.