Stock fact sheet · data as of
Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX): fair value, margin of safety and Wheel Score
Ticker symbol VWESX · Financial Services · Asset Management · United States · Fund / Note
Is VWESX undervalued?
VWESX closed at 7.17 on 5 Nov 2026, more than 30% above the GLS average fair value of 2.95. Only 0 of the 2 models that produced a value sit above the price. By our models the shares are priced well beyond what the filed earnings, cash flow and book value support; the "below fair value" Wheel Trade Filter keeps names like this under 70.
The average is built from just 2 models (10 Cap, 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.
VWESX 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 VWESX
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 | 0.1826 | -97% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 5.71 | -20% | 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) | -0.0339 | -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 Long-Term Investment-Grade Fund Investor Shares scores 6 of 9 on the Piotroski F-score: a middling result that passes the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. There is no GLS Moat score for VWESX: 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 1.4%, ROE 2.3%, ROA 1.4% - with debt at 0.64 times equity and a free-cash-flow yield of 0.1%.
The dividend yield is high at 5.41% (payout ratio 160%) - a payout above 100% of earnings, which is not covered by profits. 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 | 1.4% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 2.3% |
| Debt / equity | 0.64 | ROA | 1.4% |
| Free-cash-flow yield | 0.1% | Payout ratio | 160% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 13: No options
No options are listed on Vanguard Long-Term Investment-Grade Fund Investor Shares in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 13, 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 $9.3B, with a beta of 1.99 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; 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 | Fails | trades 143% 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 | 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 | 143% above 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 1.99, $9.3B 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 VWESX 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 Long-Term Investment-Grade Fund Investor 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 |
|---|---|---|---|---|---|
| JSOAX JPMorgan Strategic Income Opports A | 11.35 | 84.26 | +87% | 27No options | $9.3B |
| AMG Affiliated Managers Group, Inc. | 364.49 | 532.35 | +32% | 86Prime | $9.4B |
| MGRE Affiliated Managers Group, Inc. | 21.25 | 191.30 | +89% | 33No options | $9.7B |
| MGRB Affiliated Managers Group, Inc. | 15.55 | 184.07 | +92% | 34No options | $9.7B |
| MGRD Affiliated Managers Group, Inc. | 13.95 | 182.05 | +92% | 34No options | $9.7B |
| VFIJX Vanguard GNMA Fund Admiral Shares | 9.19 | 10.09 | +9% | 17No options | $10.3B |
| OXLCG Oxford Lane Capital Corp. 7.95% Notes due 2032 | 24.66 | 70.18 | +65% | 27No options | $8.3B |
| PSLV Sprott Physical Silver Trust | 16.98 | 181.30 | +91% | 31No options | $10.7B |
| GSCE GS Connect S&P GSCI Enhanced Commodity Total Return Strategy Index ETN | 25.00 | 631.77 | +96% | 29No options | $7.8B |
| OXLCL Oxford Lane Capital Corp. 6.75% Notes due 2031 | 23.80 | 70.18 | +66% | 26No options | $11.5B |
| VCTR Victory Capital Holdings, Inc. | 120.19 | 144.90 | +17% | 48Weak | $7.4B |
| OMSIX Invesco Main Street Fund Class R6 | 68.13 | 52.50 | -30% | 14No options | $11.7B |
⚖ Compare VWESX with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about VWESX
Is VWESX undervalued right now?
No: at 7.17 the stock trades 143% above the GLS average fair value of 2.95 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of VWESX and what does it mean?
VWESX 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 VWESX?
2.95 per share as of 5 Nov 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 Long-Term Investment-Grade Fund Investor Shares report earnings next?
No upcoming earnings date is recorded for VWESX in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does VWESX have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on VWESX, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.