Screener

Value Explorer

ValueExplorer.com - Simply The Web's Best Stock Screens

Fundamental Stock Screener

Scan more than 10,000 stocks worldwide by intrinsic value, country, industry, size, volatility, leverage, growth, yield, book and earnings multiples, upside to fair value, aka margin of safety (description below), price momentum and more. Create your own screen using the Advanced Screener or choose the preset Top 100 Greenblatt Value and Graham Value stock screens. NEW: one-click access to ANALYZER Fundamental Stock Analysis directly from your SCREENER result!

To start your screen, just press a Top 100 button for preset value screens or enter your criteria into the Advanced Screener fields (see examples below):

Joel Greenblatt suggests screening for stocks with high earnings yield and high return on capital. With a holding period of one year the top 30 stocks outperform the S&P 500 significantly.

 Benjamin Graham the father of value investing and the mentor behind Warren Buffet outlines his strict stock selection criteria in his book “The Intelligent Investor”. We use these in this stock screen.
PRESET GREENBLATT VALUE SCREEN CRITERIA PRESET GRAHAM VALUE SCREEN CRITERIA
  1. Rank companies by highest sustainable earnings yield and return on capital
  2. Earnings yield = EBIT / Enterprise Value.
  3. Return on capital = EBIT / (Net fixed assets + working capital)
  1. Low P/Book Ratio
  2. Low P/E Ratio
  3. High 5-Year EPS Growth
  4. high 5-Year Dividend Growth
  5. High Current Ratio

Advanced Screener:









 

DESCRIPTION:

The filter criterion Upside %, also known as margin of safety, is defined as the percentage difference between the fair value of a stock and its last price.

Our Automated Valuation Model employs three distinct methods to estimate the fair value of a given stock:

  1. Mean Multiple Value: fair value based on long-term average stock valuation multiples, i.e., EV/Sales or P/BV for financials, respectively .
  2. Graham Intrinsic Value: fair value based on capitalized long-term average earnings, i.e., earnings before interest and tax or net earnings for financials, respectively.
  3. Greenblatt Fair Value: fair value based on capitalized sustainable trend earnings, i.e., earnings before interest and tax or net earnings for financials, respectively.

Growing and declining businesses: deviations between Graham Intrinsic Value and Greenblatt Fair Value arise when the earnings of a given company are on a long-term upward trend, i.e. growing, and when they are on a long-term downward trend, i.e. declining:

  1. Growing business: Greenblatt Value Upside greater than Graham Value Upside indicates that a company is growing.
  2. Declining business: Greenblatt Value Upside less than Graham Value Upside indicates that a company is in decline.

Going-concern: Fair value estimates are based on the going-concern principle, which is a basic concept in accounting that assumes a company will continue to operate in the foreseeable future. The significance of this concept becomes apparent when the value of a running business is compared with the value of one being liquidated.

Companies in decline: Caution is warranted on companies with declining long-term profitability and stocks with unusually high fair value upside as the going-concern principle might be impaired.

EXAMPLES:

1: Searching for stocks with significant upside to their Graham Intrinsic Value and positive price performance:

Graham Value Upside %: > +40, 12-month Price Performance %: > +5

2: Searching for US stocks with dividend yields above 5% and a solid net-cash balance sheet:

Country: USA, Dividend Yield %: > 5,  NetDebt / EBITDA: < 0

3: Searching for mining stocks with price-book-ratio below 1, price-earnings ratio below 10, volatility below 20%:

Industry: Mining, P/BV:  < 1, P/E: < 10, Volatility %: < 20

4: Searching for short selling ideas: expensive stocks with weakening price performance:

Graham Fair Value Upside %: < -30, 12-month Price Performance %: < -5

 


trennlinie