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Calamos Strategic Total Return FundCSQ -0.53%53 Intrinsic Value: Projected FCF is $24.52 as of Aug. 19, 2026, which is 3004% above its 10-year median of 0.79. GuruFocus rates CSQ with a GF Score™ of 53/100 and a GF Value™ of $37.57 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,209 Asset Management companies, Calamos Strategic Total Return Fund ranks better than 53.93% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
The historical rank and industry rank for Calamos Strategic Total Return Fund's Intrinsic Value: Projected FCF or its related term are showing as below:
CSQ'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.74 Med: 0.79 Max: 0.85
Current: 0.85
During the past 9 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Calamos Strategic Total Return Fund was 0.85. The lowest was 0.74. And the median was 0.79.
CSQ's Price-to-Projected-FCF is ranked better than 53.93% of 1209
companies
in the Asset Management industry
Industry Median: 0.91
vs CSQ: 0.85
Calamos Strategic Total Return Fund (NAS:CSQ) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Calamos Strategic Total Return Fund's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
20.79
/
24.517160166277
=
0.85
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Calamos Strategic Total Return Fund Intrinsic Value: Projected FCF Related Terms
Calamos Strategic Total Return Fund Intrinsic Value: Projected FCF Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Calamos Strategic Total Return Fund Intrinsic Value: Projected FCF Chart
CSQ vs ADX, UTF, GBDC: Intrinsic Value: Projected FCF Comparison
For the Asset Management subindustry, Calamos Strategic Total Return Fund's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Calamos Strategic Total Return Fund Price-to-Projected-FCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Calamos Strategic Total Return Fund's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Calamos Strategic Total Return Fund's Price-to-Projected-FCF falls into.
Calamos Strategic Total Return Fund Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Intrinsic Value: Projected FCF of $24.52 mean?
Calamos Strategic Total Return Fund (CSQ) has a Intrinsic Value: Projected FCF of $24.52 as of Aug. 19, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Calamos Strategic Total Return Fund and its competitors. This is 3004% above median its historical median of 0.79. Over the past decade, Calamos Strategic Total Return Fund's Intrinsic Value: Projected FCF has ranged from 0.74 to 0.85. According to the industry distribution chart, Calamos Strategic Total Return Fund ranks #557 out of 1209 companies in the Asset Management industry, placing it in the top 46.1%.
Is Calamos Strategic Total Return Fund's Intrinsic Value: Projected FCF too high?
Calamos Strategic Total Return Fund's current Intrinsic Value: Projected FCF of $24.52 is 3004% above median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 0.85. The Asset Management industry median Intrinsic Value: Projected FCF is 0.91. Calamos Strategic Total Return Fund's value of $24.52 is 2594.5% above this industry median. Based on the distribution chart, Calamos Strategic Total Return Fund ranks #557 out of 1209 companies in the Asset Management industry, which is above the industry midpoint. Overall, Calamos Strategic Total Return Fund has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Calamos Strategic Total Return Fund's Intrinsic Value: Projected FCF compare to ADX and UTF?
According to the Asset Management industry distribution chart, Calamos Strategic Total Return Fund ranks #557 out of 1209 companies for Intrinsic Value: Projected FCF. This puts Calamos Strategic Total Return Fund in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 0.91. Calamos Strategic Total Return Fund's value of $24.52 is 2594.5% above this benchmark. Historically, Calamos Strategic Total Return Fund's own Intrinsic Value: Projected FCF has ranged from 0.74 to 0.85 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 0.91, Calamos Strategic Total Return Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Asset Management company?
The median Intrinsic Value: Projected FCF among Asset Management companies is 0.91, based on 1,209 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Calamos Strategic Total Return Fund's current Intrinsic Value: Projected FCF of $24.52 is 2594.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Calamos Strategic Total Return Fund and its competitors. For the Asset Management industry, the median Intrinsic Value: Projected FCF is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calamos Strategic Total Return Fund's current Intrinsic Value: Projected FCF is $24.52, which is 3004% above median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calamos Strategic Total Return Fund stock overvalued right now?
Based on GuruFocus' analysis, Calamos Strategic Total Return Fund (CSQ) is currently considered Significantly Undervalued. The stock's GF Value™ is $37.57, compared to a current price of $20.79 — trading 44.7% below its estimated fair value. The current Intrinsic Value: Projected FCF is $24.52, which is 3004% above median its 10-year median of 0.79 and 2594.5% above the Asset Management industry median of 0.91. Calamos Strategic Total Return Fund's overall GF Score™ is 53/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Calamos Strategic Total Return Fund (CSQ), the current Intrinsic Value: Projected FCF is $24.52 as of Aug. 19, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Calamos Strategic Total Return Fund (CSQ) Overvalued in 2026?
Based on GuruFocus' analysis, Calamos Strategic Total Return Fund stock appears to be undervalued.
The current stock price of $20.79 is trading 44.7% below its estimated GF Value™ of $37.57.
GuruFocus considers Calamos Strategic Total Return Fund to be Significantly Undervalued.
Key valuation signals for CSQ:
Intrinsic Value: Projected FCF: $24.52 (3004% above median its 10-year median of 0.79)
GF Value™: $37.57 vs. price of $20.79 (44.7% below fair value)
Industry Position: 2594.5% above the Asset Management median (#557 of 1209)
No single metric tells the full story. See the CSQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Calamos Strategic Total Return Fund is a diversified, closed-end management investment company. The fund's objective is to provide total return through a combination of capital appreciation and current income. Its investment portfolio comprises equities, convertible securities, and high-yield corporate bonds.
53GF Score
Get the complete analysis for CSQ
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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