Liberty All-Star Equity Fund Common Stock (USA)

FairStock Score: 48/100 — MIXED

Key Financials

AI Analysis

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

I look at Liberty All-Star not as an operating company but as a closed-end fund holding a diversified US equity portfolio, run by ALPS and several subadvisers. At the 2026-10-13 close of $5.94, the market cap is about $1.7 billion, beta 0.97, so it behaves roughly like the broad market. The fund's attraction is the 11.47% distribution yield, and it trades at a FairStock P/B of 0.87, a discount to book. Debt is negligible at D/E 0.01, and the Altman Z-Score is 7.67. The quality picture is mixed. FairStock ROE is 3.61% and ROCE 0.33%, and the Piotroski F-Score is 0/9. The FairStock Score is 48/100, a middling mark. The P/E is 27.00, so earnings power is thin relative to the price. Against the Graham Number of $5.82, the price offers a margin of safety of -2.06%—essentially no cushion. The 52-week range is $5.40-$6.44, so we are mid-range. I have no multi-year filed results: revenue and profit growth are listed as N/A, and the Lynch category is none because only 0 years of filed annual results are available, well short of the 3 needed. That makes growth trajectory hard to judge. A fund can have a place for income and diversification, but without a durable earnings record or a clear discount, I would demand a wider margin of safety before calling it a bargain.

In plain English: Liberty All-Star Equity Fund is a closed-end fund that invests in a mix of US stocks and is run by several outside managers. It pays a very high income, and its debt is low, but its earnings power looks weak and several quality checks are poor. At $5.94, the price looks roughly fair against its basic numbers, not clearly cheap.

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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