Excellent topic. I was just looking at GM. OSV has ROIC for FY2016 as 4.50% and Schwab has it as 7.16% -- a big difference. Schwab's formula is
Other 'Valuation' Ratios comparisons for GM are:
FYI, Schwab P/CF formula is:
Current Price divided by Cash Flow Per Share for the most recent
fiscal year. Cash Flow is defined as Income After Taxes minus Preferred
Dividends and General Partner Distributions plus Depreciation,
Depletion and Amortization.
Share Price (as of last close)//Cash Flow Per Share (MRFY)
Another example I was just looking at:
In 'Step 3 -- Valuation' models, 'Growth Rate' for GM is +5.21% for DCF model and +9.42% for Graham's Formula model. As with BAC example above, DCF model 'Growth Rate' seems more realistic.
Using Apple Inc. as an example, -100% error displayed below for both '% Off 52 Wk High' and '% Off 52 Wk Low' in 'Dive into Data/Key Stats category/Key Stats column heading tab':
Note: the correct numbers are shown in the 'Compare Competitors' category:
Data grab from OSV screens.
Great news! That will be a terrific advancement in usability and flexibility. When designing it, please also include that once in Screener page (also applies to Stock Database page), we should be able to move back and forth from category-to-category across the top of the screen (i.e. Basic, OSV Ratings, Valuation, ... etc.) while staying in Screener and also maintaining whatever the current ticker list order is (until we change the list order by either sorting on a different column heading or switching to another Screener Name. We wouldn't leave Screener (or Stock Database) until we choose to do so by selecting a different Step category in the left sidebar (such as Home, Summary, .... Compare Competitors, Financials). Thank you!
P.S. Numbers for most companies are accurate, but you can see several companies that are not. Also, several instances where debt/equity ratios are displayed as negative numbers (which I don't think is possible).
Near future? I know my vote doesn't count, but this is #1 on my Wish List.
Would you please explain what the 'roadmap' is? Is it the same or different than when you mark an Idea as 'Planned'?
Is 'roadmap' a list of priorities and the timeline for when you plan to complete them?
When you post replies to the submitted 'Ideas' and 'Bugs', it would be helpful to us if you would also give us some clue as to when you expect to complete them -- for example, within a few days, within the month, this summer, etc.
Thank you for all you are doing.
Explanation in original post was adequate, but here's more detail:
Also, here is default display in Dive into Data section:
You are right in the sense that NCAV and Net/Net stocks were more prevalent decades ago and are very rare in modern times. I fear those that do pass these strict filters now are often 'value traps' rather than 'true values'.
Currently, the OSV online app has 3 Valuation models (DCF, Graham, and EBIT). When Jae chooses what model to add as a 4th one, my preference would be for a 'Buffet' model. Jae is already researching Buffett's stock selection methods/metrics -- see most recent post on his blog Like Buffett and Beyond
Jae, do you have a plan yet for what the 4th Valuation model will be?
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