Stock fact sheet · data as of
Virtus KAR Mid-Cap Growth Fund (VRMGX): fair value, margin of safety and Wheel Score
Ticker symbol VRMGX · Financial Services · Asset Management · United States · Fund / Note
Is VRMGX undervalued?
At 39.18 (close of 5 Nov 2026), VRMGX trades 40% below the GLS average fair value of 65.73. That average comes from 9 models run on the latest filings, and 3 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 Virtus KAR Mid-Cap Growth Fund the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The 9 models disagree widely: Lynch gives 0.9923 while DDM gives 304.41. 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.
VRMGX 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 VRMGX
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 | 180.16 | +360% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 9.84 | -75% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 4.00 | -90% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 0.9923 | -97% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 15.19 | -61% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 49.69 | +27% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 24.56 | -37% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 304.41 | +677% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 2.76 | -93% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -26.88 | -169% | 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 - VRMGX passes 6 of the nine Piotroski tests, which passes the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. There is no GLS Moat score for VRMGX: 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 0.8%, ROE 1.6%, ROA 0.6% - with debt at 1.02 times equity and a free-cash-flow yield of 6.2%.
The dividend yield is high at 52.80% (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 | 6 / 9 | ROIC | 0.8% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 1.6% |
| Debt / equity | 1.02 | ROA | 0.6% |
| Free-cash-flow yield | 6.2% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 27: No options
VRMGX has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (27 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at - a day on a market cap of $541M, with a beta of 1.16; the Stability part of the Wheel Score rates that fair.
| 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 | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 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 | Fails | market cap $541M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 40% below fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | no moat score | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 1.16, $541M 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 VRMGX 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 Virtus KAR Mid-Cap Growth Fund 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 |
|---|---|---|---|---|---|
| ACP Abrdn Income Credit Strategies Fund | 4.31 | 14.20 | +70% | 25No options | $541M |
| AIOIX American Century Intl Opportunities - Investor Class | 12.33 | 7.22 | -71% | 11No options | $544M |
| HNCAX Hartford International Growth Fund Class A | 21.98 | 2.17 | -915% | 10No options | $538M |
| FSRRX Fidelity Strategic Real Return Fund | 9.12 | 8.78 | -4% | 11No options | $545M |
| GAMI GAMCO Investors, Inc. | 25.03 | 41.56 | +40% | 36No options | $538M |
| ETJ Eaton Vance Risk-Managed Diversified Equity Income Fund | 7.97 | 9.27 | +14% | 16No options | $536M |
| AAISX American Beacon International Equity Fund Advisor Class | 20.88 | 1,506.95 | +99% | 28No options | $547M |
| CCID Carlyle Credit Income Fund | 25.21 | 27.26 | +8% | 16No options | $534M |
| THW Abrdn World Healthcare Fund | 13.21 | 40.18 | +67% | 26No options | $533M |
| STSGX American Beacon Stephens Small Cap Growth Fd Inv Cl | 13.84 | 4,889.37 | +100% | 25No options | $532M |
| EMD Western Asset Emerging Markets Debt Fund Inc. | 9.50 | 38.69 | +75% | 26No options | $552M |
| DSU BlackRock Debt Strategies Fund, Inc. | 8.66 | 19.39 | +55% | 28No options | $556M |
⚖ Compare VRMGX with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about VRMGX
Is VRMGX undervalued right now?
By the GLS models, yes: at 39.18 the stock is 40% below the average fair value of 65.73 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of VRMGX and what does it mean?
VRMGX 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 VRMGX?
65.73 per share as of 5 Nov 2026 - the simple average of the 9 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 Virtus KAR Mid-Cap Growth Fund report earnings next?
No upcoming earnings date is recorded for VRMGX in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does VRMGX have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on VRMGX, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.