Stock fact sheet · data as of
WaterBridge Infrastructure LLC (WBI): fair value, margin of safety and Wheel Score
Ticker symbol WBI · Energy · Oil & Gas Equipment & Services · United States · Class A common stock · Blend
WBI is WaterBridge Infrastructure LLC's Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is WBI undervalued?
WBI closed at 26.04 on 5 Nov 2026, more than 30% above the GLS average fair value of 13.85. Only 1 of the 7 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 7 models disagree widely: DDM gives 2.21 while GLS Growth gives 26.55. 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.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for WBI, so the nightly engine files it under Blend (value score 31, growth score 44, out of 100).
Nine valuation models for WBI
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 | 11.60 | -55% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 24.80 | -5% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 10.84 | -58% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 26.55 | +2% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 16.11 | -38% | 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 | 2.21 | -92% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 4.82 | -81% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -33.85 | -230% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 37.17 | +43% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - WBI passes 5 of the nine Piotroski tests, which falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 2.6 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are thin or negative - ROIC 0.0%, ROE 0.0%, ROA 0.0% - with debt at 0.02 times equity and negative free cash flow.
The dividend yield is 0.58% with a payout ratio of 78% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Produced Water Handling 91%, Skim Oil 9% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 18 Sep 2026.
| Piotroski F-score | 5 / 9 | ROIC | 0.0% |
|---|---|---|---|
| GLS Moat | 2.6 / 10 | ROE | 0.0% |
| Debt / equity | 0.02 | ROA | 0.0% |
| Free-cash-flow yield | -7.6% | Payout ratio | 78% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 31: Weak
WBI scores 31 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 3, below fair value - trades 88% above our fair value; and filter 4, financially healthy - Piotroski 5/9 (under 6), and the parts are thin too - value weak, premium strong, moat weak, health fair, red flags strong, 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 61% on the near-the-money contracts 20-60 days out - above the 60% top of the sweet spot. It still passes the 25-80% filter, but the Wheel Score rewards it less because volatility this high usually comes with a reason. Chain open interest is thin - 1,963 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 1.4M shares a day on a market cap of $1.2B, with a beta of 0.20 - 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 | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 88% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 5/9 (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 | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 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 | 88% above fair value | |
| Premium | Strong | implied volatility 61% | |
| Moat | Weak | moat 2.6/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Strong | Red Flags score 90/100 | |
| Option trading | Weak | 123 contracts a day, 1,963 open interest | |
| Stability | Fair | beta 0.20, $1.2B 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 WBI in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Equipment & Services
The 12 companies below are the closest to WaterBridge Infrastructure LLC by market cap within the Oil & Gas Equipment & Services 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 |
|---|---|---|---|---|---|
| VTOL Bristow Group Inc. | 38.96 | 61.31 | +36% | 47Weak | $1.2B |
| RES RPC, Inc. | 5.90 | 5.94 | +1% | 34Weak | $1.3B |
| XPRO Expro Group Holdings N.V. | 13.86 | 8.55 | -62% | 26Weak | $1.6B |
| TTI TETRA Technologies, Inc. | 6.18 | 2.10 | -194% | 34Weak | $917M |
| HOS Hornbeck Offshore Services, Inc. | 6.14 | 2.68 | -129% | 10Weak | $904M |
| FTK Flotek Industries, Inc. | 24.72 | 21.46 | -15% | 24Weak | $894M |
| AESI Atlas Energy Solutions Inc. | 6.73 | 5.56 | -21% | 21Weak | $841M |
| INVX Innovex International, Inc. | 25.59 | 24.14 | -6% | 34Weak | $1.8B |
| FET Forum Energy Technologies, Inc. | 73.68 | 118.67 | +38% | 49Weak | $833M |
| FLOC Flowco Holdings Inc. | 19.46 | 35.31 | +45% | 48Weak | $1.8B |
| PUMP ProPetro Holding Corp. | 6.42 | 0.8458 | -659% | 23Weak | $789M |
| ACDC ProFrac Holding Corp. | 3.97 | 8.55 | +54% | 28Weak | $723M |
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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 top 10 stocks that pass all 9 Wheel Trade Filters, 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 WBI
What kind of share is WBI?
WBI is WaterBridge Infrastructure LLC's Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is WBI undervalued right now?
No: at 26.04 the stock trades 88% above the GLS average fair value of 13.85 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of WBI and what does it mean?
WBI scores 31 out of 100 (Weak) - it fails Wheel Trade Filters 3, 4. 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 WBI?
13.85 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 WaterBridge Infrastructure LLC report earnings next?
No upcoming earnings date is recorded for WBI in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does WBI have listed options, and how liquid are they?
Yes. The nightly snapshot found 24 listed contracts with 1,963 open interest across all expiries and implied volatility of 61% 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.