Stock fact sheet · data as of
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Blend
Is VWITX undervalued?
VWITX closed at 13.11 on 16 Oct 2026, more than 30% above the GLS average fair value of 3.41. 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 Sunday Scan drops names like this at the "below fair value" rule.
Only 2 of the nine models produced a value (10 Cap, DDM); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
The nightly engine files VWITX under Blend.
Nine valuation models for VWITX
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 | 0.1310 | -99% | 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 | 6.69 | -49% | 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) | 0.0002 | -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
Financial health is average - VWITX passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 5.6 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.
Returns on capital are thin or negative - ROIC 3.7%, ROE 3.7%, ROA 3.7% - with debt at 0.00 times equity and a free-cash-flow yield of 0.0%.
The dividend yield is 3.47% at a payout ratio of 89%; 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 | 6 / 9 | ROIC | 3.7% |
|---|---|---|---|
| GLS Moat | 5.6 / 10 | ROE | 3.7% |
| Debt / equity | 0.00 | ROA | 3.7% |
| Free-cash-flow yield | 0.0% | Payout ratio | 89% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 34: No options
VWITX has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (34 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at - a day on a market cap of $86.9B, with a beta of 0.83; the Stability part of the Wheel Score gives that 12 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -285% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 8 / 15 | moat 5.6/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 12 / 20 | 0k shares/day, $86.9B cap, beta 0.83 |
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 VWITX 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 Intermediate-Term Tax-Exempt 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 |
|---|---|---|---|---|---|
| BNH Brookfield Finance Inc. | 14.54 | 6.34 | -129% | 16No options | $82.4B |
| AMPFX AMCAP Fund F-1 | 44.65 | 46.40 | +4% | 39No options | $91.7B |
| BN Brookfield Corporation | 36.81 | 11.46 | -221% | 53Fair | $82.2B |
| BNJ Brookfield Finance Inc. 4.50% P | 14.17 | 6.31 | -124% | 16No options | $81.1B |
| KKR KKR & Co. Inc. | 87.63 | 71.78 | -22% | 57Fair | $78.7B |
| AMFFX American Funds American Mutual F1 | 64.37 | 34.13 | -89% | 27No options | $78.1B |
| AMFCX American Mutual Fund C | 63.46 | 46.45 | -37% | 31No options | $77.0B |
| BAM Brookfield Asset Management Ltd. | 45.98 | 27.81 | -65% | 56Fair | $73.4B |
| SATA Strive Inc. Perp. Pfd. Series A | 97.67 | - | - | 45Weak | $68.2B |
| APO Apollo Global Management, Inc. | 111.87 | 180.72 | +38% | 85Prime | $66.1B |
| APOS Apollo Global Management, Inc. | 25.26 | 114.73 | +78% | 39No options | $66.0B |
| BX Blackstone Inc. | 109.26 | 78.91 | -38% | 60Fair | $125.8B |
⚖ Compare VWITX with 7 of them All Financial Services stocks →
Screen the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about VWITX
Is VWITX undervalued right now?
No: at 13.11 the stock trades 285% above the GLS average fair value of 3.41 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of VWITX and what does it mean?
VWITX 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 VWITX?
3.41 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 Intermediate-Term Tax-Exempt Fund Investor Shares report earnings next?
No upcoming earnings date is recorded for VWITX in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does VWITX have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on VWITX, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.