Stock fact sheet · data as of
Worthington Industries, Inc. (WOR): fair value, margin of safety and Wheel Score
Industrials · Manufacturing - Metal Fabrication · United States · Blend
Is WOR undervalued?
WOR closed at 62.73 on 16 Oct 2026, which is 28% above the GLS average fair value of 48.88 from 9 models. 6 of them value the shares below today's price. Our screens read that as "no margin of safety": the stock is not a value candidate at this price, whatever the quality numbers say.
The 9 models disagree widely: GLS Growth gives 9.85 while 10 Cap gives 119.11. 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.
The nightly engine files WOR under Blend.
Nine valuation models for WOR
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 | 13.46 | -79% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 40.41 | -36% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 85.77 | +37% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 29.55 | -53% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 9.85 | -84% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 119.11 | +90% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 93.03 | +48% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 11.33 | -82% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 37.41 | -40% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -6.02 | -110% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 75.00 | +20% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health WOR scores 7/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is low at 4.1 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are moderate - ROIC 11.3%, ROE 15.2%, ROA 8.4% - with debt at 0.34 times equity and a free-cash-flow yield of 7.6%.
The dividend yield is 1.23% with a payout ratio of 23% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Building Products 66%, Consumer Products 34% (quarter Q4 FY2026).
Institutional ownership scores 7/10, insider activity 3/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 11.3% |
|---|---|---|---|
| GLS Moat | 4.1 / 10 | ROE | 15.2% |
| Debt / equity | 0.34 | ROA | 8.4% |
| Free-cash-flow yield | 7.6% | Payout ratio | 23% |
| Institutions | 7 / 10 | Insiders · Congress | 3 · 5 / 10 |
Wheel Score 55: Fair
WOR scores 55 out of 100 on the Wheel Score (Fair band, 50-64): a usable but unremarkable fit for the wheel strategy. The parts: Value 1/25, Health 16/20, Moat 6/15, Premium 20/20, Stability 12/20. Value (1/25) is where the points are missing.
Implied volatility is 36% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 3,311 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 259k shares a day on a market cap of $3.1B, with a beta of 1.21 - 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 gives that 12 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 1 / 25 | -28% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 6 / 15 | moat 4.1/10 | |
| Premium | 20 / 20 | implied volatility 36% | |
| Stability | 12 / 20 | 259k shares/day, $3.1B cap, beta 1.21 |
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
The next earnings report is due on 15 Dec 2026, 60 days away - outside the window of a 30-45-day put sold today.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Manufacturing - Metal Fabrication
The 12 companies below are the closest to Worthington Industries, Inc. by market cap within the Manufacturing - Metal Fabrication 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 |
|---|---|---|---|---|---|
| GPGI GPGI, Inc. | 12.69 | 2.25 | -465% | 45Weak | $3.7B |
| DPC DPC Holdings Ltd. | 31.77 | - | - | 45Weak | $4.5B |
| RYZ Ryerson Holding Corporation | 26.50 | 48.29 | +45% | 45Weak | $1.4B |
| ROCK Gibraltar Industries, Inc. | 36.68 | 32.98 | -11% | 45Weak | $1.1B |
| MLI Mueller Industries, Inc. | 60.60 | 35.50 | -71% | 61Fair | $13.4B |
| IIIN Insteel Industries, Inc. | 29.67 | 29.67 | +0% | 52Fair | $574M |
| ATI ATI Inc. | 189.31 | 75.34 | -151% | 62Fair | $25.8B |
| MEC Mayville Engineering Company, Inc. | 14.21 | 9.09 | -56% | 39Weak | $362M |
| TG Tredegar Corporation | 7.64 | 15.52 | +51% | 72Good | $267M |
| AP Ampco-Pittsburgh Corp. | 8.45 | 0.5825 | -1351% | 27Weak | $175M |
| ZJK ZJK Industrial Co., Ltd. | 1.78 | 3.83 | +54% | 39No options | $114M |
| TPCS TechPrecision Corporation | 5.40 | - | - | 34No options | $55M |
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Start free See the Sunday ScanQuestions about WOR
Is WOR undervalued right now?
No: at 62.73 the stock trades 28% above the GLS average fair value of 48.88 (data as of 16 Oct 2026). The margin of safety is negative.
What is the Wheel Score of WOR and what does it mean?
WOR scores 55 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for WOR?
48.88 per share as of 16 Oct 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 Worthington Industries, Inc. report earnings next?
The next earnings report is due on 15 Dec 2026, 60 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does WOR have listed options, and how liquid are they?
Yes. The nightly snapshot found 120 listed contracts with 3,311 open interest across all expiries and implied volatility of 36% 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.