Source Capital Inc. Cmn Shs of BI (SOR)

FairStock Score: 66/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am looking at Source Capital as a closed-end balanced fund, not an operating company. It is managed by First Pacific Advisors, invests in U.S. small- and mid-cap value stocks, and uses fundamental, bottom-up selection focused on liquidity and relatively unleveraged balance sheets. That gives it no classic competitive moat; the real test is manager discipline, portfolio quality, and whether the fund trades at a discount to its underlying assets. At the close on 2026-10-13, the shares were $45.34, with a $379.0 million market cap. FairStock calculations show a P/E of 6.89 and a P/B of 0.92, so the market is valuing the fund slightly below stated book value. The dividend yield is 5.51%, and beta is 0.47, making it a low-volatility income vehicle. The Graham Number is $84.54, implying a 46.37% margin of safety, but I treat that as a rough value screen rather than a precise intrinsic value for a fund. ROE is 12.68%, yet ROCE is only 2.65%, and the Piotroski F-Score is 0/9, which suggests the reported profitability and quality signals are not clean. The Altman Z-Score of 43.12 points to very low bankruptcy risk, though that measure is less meaningful for an investment fund. Growth data is absent: revenue and profit growth are not available, and FairStock assigns no Lynch category because there are only 0 years of filed results, needing 3. Without that history, I cannot judge whether distributions or book value are stable. The 52-week range is $44.20 to $50.41, so the price sits near the low end. Overall, this is a cheap-looking, income-oriented fund with a strong solvency reading, but thin filings and weak Piotroski/ROCE numbers demand caution.

In plain English: Source Capital is a closed-end fund run by First Pacific Advisors that invests mainly in smaller and mid-sized U.S. value stocks. Its shares trade below the fund's accounting book value and pay a large annual distribution, but very limited filed results make the business hard to judge. The price looks cheap versus book value, while profitability and filing-history signals are mixed.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer