Stock fact sheet · data as of
Tema Electrification ETF (VOLT): fair value, margin of safety and Wheel Score
Ticker symbol VOLT · Financial Services · Asset Management · United States · Fund / Note
Is VOLT undervalued?
Tema Electrification ETF (VOLT) closed at 33.07 on 5 Nov 2026, 787% above the GLS average fair value of 3.73. 8 of the 8 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
There is a wide gap between Lynch (0.2511) and 10 Cap (21.10). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
VOLT 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 VOLT
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 | 1.42 | -96% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 1.01 | -97% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 0.2511 | -99% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 0.2528 | -99% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 21.10 | -36% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 3.15 | -90% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 1.94 | -94% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 0.6976 | -98% | Earnings power value: current EPS capitalised at 9% with no growth |
| 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
No Piotroski health score is on file for VOLT (the statements it needs were not available), so the Health part of the Wheel Score counts it at half marks - 10 of 20 - rather than marking the stock down for missing data. There is no GLS Moat score for VOLT: 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 a free-cash-flow yield of 5.6%.
The dividend yield is 0.40% with a payout ratio of 0% - a small yield that leaves most of the earnings in the business.
Institutional ownership scores 9/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | - / 9 | ROIC | 0.0% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 0.0% |
| Debt / equity | 0.00 | ROA | 0.0% |
| Free-cash-flow yield | 5.6% | Payout ratio | 0% |
| Institutions | 9 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 28: Weak
With a Wheel Score of 28 Tema Electrification ETF sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (916 open interest, 118 a day); and filter 2, a real business, not a gamble - a fund or note, not a company; and filter 3, below fair value - trades 787% above our fair value; and filter 8, big enough - market cap $369M (under $1.0B); Value (weak) is its weakest part.
Implied volatility is 43% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 916 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 712k shares a day on a market cap of $369M, with a beta of 1.08; 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 (916 open interest, 118 a day) |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Fails | trades 787% 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 | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $369M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 787% above fair value | |
| Premium | Strong | implied volatility 43% | |
| Moat | Weak | no moat score | |
| Health | Fair | no Piotroski score on file - half marks | |
| Red Flags | Strong | Red Flags score 95/100 | |
| Option trading | Weak | 118 contracts a day, 916 open interest | |
| Stability | Fair | beta 1.08, $369M 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 VOLT 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 Tema Electrification 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.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| ECCC Eagle Point Credit Company Inc. | 24.35 | 14.09 | -73% | 16No options | $369M |
| NCBGX New Covenant Balanced Growth Fd | 132.53 | - | - | 15No options | $367M |
| TCPC BlackRock TCP Capital Corp. | 4.37 | 53.22 | +92% | 45Weak | $367M |
| HKHC Horizon Kinetics Holding Corporation | 20.01 | 71.76 | +72% | 25No options | $373M |
| NOLCX Northern Large Cap Core | 35.37 | 350.09 | +90% | 24No options | $375M |
| FRA BlackRock Floating Rate Income Strategies Fund, Inc. | 10.22 | 24.51 | +58% | 29No options | $362M |
| MUA BlackRock MuniAssets Fund, Inc. | 9.81 | 22.22 | +56% | 28No options | $377M |
| WMKGX WesMark Large Company Fund | 25.72 | 68.95 | +63% | 24No options | $378M |
| MIY BlackRock MuniYield Michigan Quality Fund, Inc. | 12.38 | 28.04 | +56% | 26No options | $359M |
| EDD Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. | 5.54 | 21.62 | +74% | 28No options | $357M |
| SDHY PGIM Short Duration High Yield Opportunities Fund | 15.52 | 23.07 | +33% | 26No options | $383M |
| CCAP Crescent Capital BDC, Inc. | 9.64 | 50.13 | +81% | 43Weak | $355M |
⚖ Compare VOLT with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about VOLT
Is VOLT undervalued right now?
No: at 33.07 the stock trades 787% above the GLS average fair value of 3.73 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of VOLT and what does it mean?
VOLT scores 28 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 3, 8. 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 VOLT?
3.73 per share as of 5 Nov 2026 - the simple average of the 8 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 Tema Electrification ETF report earnings next?
No upcoming earnings date is recorded for VOLT in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does VOLT have listed options, and how liquid are they?
Yes. The nightly snapshot found 90 listed contracts with 916 open interest across all expiries and implied volatility of 43% 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.