VALUE / SCREEN

Cheap, durable, and permissible

One pipeline runs over S&P 1500 + Nasdaq-100 every day: rank on cheapness against industry peers, drop weak fundamentals, drop anything whose filings are going backwards, then keep only what passes the Sharia screen. What survives is below — with the arithmetic attached.

Read the upside figures carefully. They are the gap between today's price and what the company's own earnings, EBITDA or book value would be worth at its industry's median multiple — not a forecast, and not a target. Because the screen ranks on that gap, the names that reach this page are by construction the ones with the widest gaps in their cohort, so large percentages here are the method working as designed rather than bargains nobody noticed. A wide low-to-high range means the three methods disagree, which is information in itself.

This is a screen, not advice. It is a list of candidates for research, produced by a fixed pipeline and identical for every reader. Nothing here is personalized, nothing here says buy, and no ranking is a forecast of return. The compliance verdict is a calculation against published methodologies from SEC filings — it is not a fatwa; consult a qualified scholar for matters of fiqh. Read the full pipeline on the methodology page.

Published 2026-09-18 · built 2026-09-18 06:53 UTC · 16 names from 1506 screened · rebuilt daily

# Company Price Fair-value range Upside Cheap Quality Why it is cheap Verdict Watch
1 CRUS ↗ · Cirrus Logic $120.37 $290.58–$404.76 mid $355.21 +195% 94 89 sector wide confidence 85/100 compliant + watch
Show the work for CRUS

What the filings show

The decline is close to the sector cohort's own median decline, so the cohort — not something specific to this company — accounts for most of what the price did.

The drawdown sits within 5 percentage points of the cohort median, so the cohort explains the move before anything company-specific needs to.

  • Filed revenue grew about 7.8% a year across 6 annual periods (2021-03-27 to 2026-03-28), from $1.37B to $2.00B. SEC EDGAR annual revenue · 6 filed period(s)
  • Operating margin widened 5.7 percentage points across 6 annual periods, from 17.3% (2021-03-27) to 23.0% (2026-03-28). SEC EDGAR operating income / revenue · 6 filed period(s)
  • Free cash flow went from $330.69M (2021-03-27) to $636.61M (2026-03-28), a change of +92.5% across 6 filed annual periods. SEC EDGAR cash from operations minus capital expenditure · 6 filed period(s)
  • Interest coverage in the latest filed year (2023-03-25) is 277.3x operating income to interest expense, at or above the 8.0x strong threshold. 3 filed annual period(s) report both inputs. SEC EDGAR operating income / interest expense · 3 filed period(s)
  • The share price is 32.7% below its 52-week high, which is at or above the 20% mark this screen treats as a material decline. Adjusted close panel: % below 52-week high · 1 filed period(s)
  • The drawdown is in line with the cohort: +5.0 percentage points against a median of 27.8% below the 52-week high across 29 peers. Adjusted close panel: % below 52-week high minus the cohort median of the same figure · 1 filed period(s)

What would change this classification

  • The gap between this drawdown and the cohort median widening past 5 percentage points would move this to a company-specific classification.
  • Any filed fundamental trend turning down would reclassify this as fundamentals_deteriorating regardless of what the cohort did.
  • Total debt trend is unavailable (only 0 filed annual period(s) of long-term or short-term debt); it is not counted in the confidence above, and computing it could change the classification.

Fair-value inputs, method by method

  • At the cohort median trailing P/E → $404.76 (+236%) implied price = cohort median trailing P/E x trailing earnings per share trailing_eps=8.34 · cohort_median_trailing_pe=48.5323 · peer_count=23
  • At the cohort median EV/EBITDA → $355.21 (+195%) implied price = (cohort median EV/EBITDA x EBITDA - (total debt - cash)) / shares outstanding cohort_median_ev_ebitda=32.402 · net_debt=-800930000.0 · peer_count=27 · implied_enterprise_value=17001491150.78 · implied_equity_value=17802421150.78 · total_debt=0.0 · debt_and_cash_source=SEC EDGAR (cited) · ebitda=524704992.0 · shares_outstanding=50117561.0 · cash=800930000.0
  • At the cohort median P/B → $290.58 (+141%) implied price = cohort median price-to-book x book value per share cohort_median_price_to_book=6.696 · peer_count=29 · book_value_per_share=43.396

How the rank was computed

  • Cheapness percentile within the peer cohort: 94.2 × 40.0% = 37.68
  • Business quality score: 89.0 × 25.0% = 22.25
  • Confidence in the discount classification: 85.0 × 15.0% = 12.75
  • Distance to the central peer-relative fair-value estimate: 100.0 × 20.0% = 20.0

Blended score 92.7/100. Cheapness is a percentile against 29 peers in Semiconductors (industry), built on 6 valuation metric(s). Quality used 7 component(s). The price sits 33% below its 52-week high.

Purification: 0.02% of dividends and gains — see the full receipts in the portal report.
2 YELP ↗ · Yelp, Inc. $20.27 $34.59–$69.78 mid $52.18 +157% 95 78 fundamentals intact confidence 85/100 compliant + watch
Show the work for YELP

What the filings show

The share price declined materially while the filed fundamentals held or grew. This is a description of what the filings and the price panel show, and nothing more.

The price fell at least 20% from its 52-week high while 3 filed fundamental trends (fcf_trend, margin_trend, revenue_trend) held or grew, and none went backwards.

  • Filed revenue grew about 10.9% a year across 6 annual periods (2020-12-31 to 2025-12-31), from $872.93M to $1.46B. SEC EDGAR annual revenue · 6 filed period(s)
  • Operating margin widened 17.0 percentage points across 6 annual periods, from -4.4% (2020-12-31) to 12.6% (2025-12-31). SEC EDGAR operating income / revenue · 6 filed period(s)
  • Free cash flow went from $144.70M (2020-12-31) to $323.68M (2025-12-31), a change of +123.7% across 6 filed annual periods. SEC EDGAR cash from operations minus capital expenditure · 6 filed period(s)
  • The share price is 40.1% below its 52-week high, which is at or above the 20% mark this screen treats as a material decline. Adjusted close panel: % below 52-week high · 1 filed period(s)
  • The drawdown is further than the cohort: +26.4 percentage points against a median of 13.7% below the 52-week high across 8 peers. Adjusted close panel: % below 52-week high minus the cohort median of the same figure · 1 filed period(s)

Fundamentals appearing intact does not establish that the decline will reverse. Filings lag the market, and the price may reflect information that has not reached a filing yet.

What would change this classification

  • A filed annual period in which revenue falls at or beyond 5% a year, operating margin narrows by 2 percentage points or more, or free cash flow turns negative, would reclassify this as fundamentals_deteriorating.
  • Total debt rising 25% or more across the filed periods, or interest coverage falling below 3.0x, would reclassify this as leverage_stress.
  • The cohort median drawdown moving to within 5 percentage points of this name's would reclassify this as sector_wide.

Fair-value inputs, method by method

  • At the cohort median trailing P/E → $34.59 (+71%) implied price = cohort median trailing P/E x trailing earnings per share trailing_eps=2.02 · cohort_median_trailing_pe=17.1254 · peer_count=8
  • At the cohort median EV/EBITDA → $69.78 (+244%) implied price = (cohort median EV/EBITDA x EBITDA - (total debt - cash)) / shares outstanding cohort_median_ev_ebitda=17.337 · net_debt=-208441000.0 · peer_count=8 · implied_enterprise_value=3577802016.0 · implied_equity_value=3786243016.0 · total_debt=17621000.0 · debt_and_cash_source=SEC EDGAR (cited) · ebitda=206368000.0 · shares_outstanding=54263621.0 · cash=226062000.0

Methods excluded, and why

  • At the cohort median P/B — Only 7 cohort members report a positive price to book; 8 are required before a median is used, so this method is excluded rather than run against a thin cohort.

How the rank was computed

  • Cheapness percentile within the peer cohort: 95.0 × 40.0% = 38.0
  • Business quality score: 77.8 × 25.0% = 19.45
  • Confidence in the discount classification: 85.0 × 15.0% = 12.75
  • Distance to the central peer-relative fair-value estimate: 100.0 × 20.0% = 20.0

Blended score 90.2/100. Cheapness is a percentile against 8 peers in Internet Content & Information (industry), built on 5 valuation metric(s). Quality used 7 component(s). The price sits 40% below its 52-week high.

Purification: 0.16% of dividends and gains — see the full receipts in the portal report.
3 TDC ↗ · Teradata $29.27 $34.42–$153.91 mid $74.30 +154% 87 84 fundamentals intact confidence 85/100 compliant + watch
Show the work for TDC

What the filings show

The share price declined materially while the filed fundamentals held or grew. This is a description of what the filings and the price panel show, and nothing more.

The price fell at least 20% from its 52-week high while 3 filed fundamental trends (fcf_trend, margin_trend, revenue_trend) held or grew, and none went backwards.

  • Filed revenue was roughly unchanged at about 2.0% a year across 6 annual periods (2020-12-31 to 2025-12-31), from $1.84B to $1.66B. SEC EDGAR annual revenue · 6 filed period(s)
  • Operating margin widened 11.5 percentage points across 6 annual periods, from 0.9% (2020-12-31) to 12.3% (2025-12-31). SEC EDGAR operating income / revenue · 6 filed period(s)
  • Free cash flow went from $223.00M (2020-12-31) to $286.00M (2025-12-31), a change of +28.3% across 6 filed annual periods. SEC EDGAR cash from operations minus capital expenditure · 6 filed period(s)
  • Total debt (long-term plus short-term) went from $455.00M (2020-12-31) to $456.00M (2025-12-31), a change of +0.2% across 6 filed annual periods. SEC EDGAR long-term plus short-term debt · 6 filed period(s)
  • Interest coverage in the latest filed year (2023-12-31) is 6.2x operating income to interest expense, between the 3.0x and 8.0x thresholds. 4 filed annual period(s) report both inputs. SEC EDGAR operating income / interest expense · 4 filed period(s)
  • The share price is 22.7% below its 52-week high, which is at or above the 20% mark this screen treats as a material decline. Adjusted close panel: % below 52-week high · 1 filed period(s)
  • The drawdown is further than the cohort: +12.6 percentage points against a median of 10.2% below the 52-week high across 38 peers. Adjusted close panel: % below 52-week high minus the cohort median of the same figure · 1 filed period(s)

Fundamentals appearing intact does not establish that the decline will reverse. Filings lag the market, and the price may reflect information that has not reached a filing yet.

What would change this classification

  • A filed annual period in which revenue falls at or beyond 5% a year, operating margin narrows by 2 percentage points or more, or free cash flow turns negative, would reclassify this as fundamentals_deteriorating.
  • Total debt rising 25% or more across the filed periods, or interest coverage falling below 3.0x, would reclassify this as leverage_stress.
  • The cohort median drawdown moving to within 5 percentage points of this name's would reclassify this as sector_wide.

Fair-value inputs, method by method

  • At the cohort median trailing P/E → $153.91 (+426%) implied price = cohort median trailing P/E x trailing earnings per share trailing_eps=4.77 · cohort_median_trailing_pe=32.2659 · peer_count=37
  • At the cohort median EV/EBITDA → $74.30 (+154%) implied price = (cohort median EV/EBITDA x EBITDA - (total debt - cash)) / shares outstanding cohort_median_ev_ebitda=19.791 · net_debt=-62000000.0 · peer_count=37 · implied_enterprise_value=6847686000.0 · implied_equity_value=6909686000.0 · total_debt=431000000.0 · debt_and_cash_source=SEC EDGAR (cited) · ebitda=346000000.0 · shares_outstanding=93000000.0 · cash=493000000.0
  • At the cohort median P/B → $34.42 (+18%) implied price = cohort median price-to-book x book value per share cohort_median_price_to_book=5.4219 · peer_count=35 · book_value_per_share=6.349

How the rank was computed

  • Cheapness percentile within the peer cohort: 86.7 × 40.0% = 34.68
  • Business quality score: 83.9 × 25.0% = 20.98
  • Confidence in the discount classification: 85.0 × 15.0% = 12.75
  • Distance to the central peer-relative fair-value estimate: 100.0 × 20.0% = 20.0

Blended score 88.4/100. Cheapness is a percentile against 38 peers in Software - Infrastructure (industry), built on 6 valuation metric(s). Quality used 7 component(s). The price sits 23% below its 52-week high.

Purification: 0.00% of dividends and gains — see the full receipts in the portal report.
4 PLAB ↗ · Photronics, Inc. $28.51 $99.53–$159.42 mid $131.07 +360% 93 70 fundamentals intact confidence 85/100 compliant + watch
Show the work for PLAB

What the filings show

The share price declined materially while the filed fundamentals held or grew. This is a description of what the filings and the price panel show, and nothing more.

The price fell at least 20% from its 52-week high while 3 filed fundamental trends (fcf_trend, margin_trend, revenue_trend) held or grew, and none went backwards.

  • Filed revenue grew about 6.9% a year across 6 annual periods (2020-10-31 to 2025-10-31), from $609.69M to $849.29M. SEC EDGAR annual revenue · 6 filed period(s)
  • Operating margin widened 14.0 percentage points across 6 annual periods, from 10.5% (2020-10-31) to 24.5% (2025-10-31). SEC EDGAR operating income / revenue · 6 filed period(s)
  • Free cash flow went from $72.23M (2020-10-31) to $59.66M (2025-10-31), a change of -17.4% across 6 filed annual periods. SEC EDGAR cash from operations minus capital expenditure · 6 filed period(s)
  • Total debt (long-term plus short-term) went from $63.95M (2020-10-31) to $42.33M (2022-10-31), a change of -33.8% across 3 filed annual periods. SEC EDGAR long-term plus short-term debt · 3 filed period(s)
  • The share price is 48.1% below its 52-week high, which is at or above the 20% mark this screen treats as a material decline. Adjusted close panel: % below 52-week high · 1 filed period(s)
  • The drawdown is further than the cohort: +5.9 percentage points against a median of 42.2% below the 52-week high across 17 peers. Adjusted close panel: % below 52-week high minus the cohort median of the same figure · 1 filed period(s)

Fundamentals appearing intact does not establish that the decline will reverse. Filings lag the market, and the price may reflect information that has not reached a filing yet.

What would change this classification

  • A filed annual period in which revenue falls at or beyond 5% a year, operating margin narrows by 2 percentage points or more, or free cash flow turns negative, would reclassify this as fundamentals_deteriorating.
  • Total debt rising 25% or more across the filed periods, or interest coverage falling below 3.0x, would reclassify this as leverage_stress.
  • The cohort median drawdown moving to within 5 percentage points of this name's would reclassify this as sector_wide.

Fair-value inputs, method by method

  • At the cohort median trailing P/E → $131.07 (+360%) implied price = cohort median trailing P/E x trailing earnings per share trailing_eps=2.87 · cohort_median_trailing_pe=45.6698 · peer_count=14
  • At the cohort median EV/EBITDA → $159.42 (+459%) implied price = (cohort median EV/EBITDA x EBITDA - (total debt - cash)) / shares outstanding cohort_median_ev_ebitda=32.433 · net_debt=-524215000.0 · peer_count=17 · implied_enterprise_value=8881388372.93 · implied_equity_value=9405603372.93 · total_debt=63950000.0 · debt_and_cash_source=SEC EDGAR (cited) · ebitda=273838016.0 · shares_outstanding=58997167.0 · cash=588165000.0
  • At the cohort median P/B → $99.53 (+249%) implied price = cohort median price-to-book x book value per share cohort_median_price_to_book=4.5214 · peer_count=17 · book_value_per_share=22.012

How the rank was computed

  • Cheapness percentile within the peer cohort: 93.1 × 40.0% = 37.24
  • Business quality score: 69.8 × 25.0% = 17.45
  • Confidence in the discount classification: 85.0 × 15.0% = 12.75
  • Distance to the central peer-relative fair-value estimate: 100.0 × 20.0% = 20.0

Blended score 87.4/100. Cheapness is a percentile against 17 peers in Semiconductor Equipment & Materials (industry), built on 6 valuation metric(s). Quality used 7 component(s). The price sits 48% below its 52-week high.

Purification: 0.00% of dividends and gains — see the full receipts in the portal report.
5 FSLR ↗ · First Solar $201.16 $436.36–$552.17 mid $468.48 +133% 83 76 fundamentals intact confidence 85/100 compliant + watch
Show the work for FSLR

What the filings show

The share price declined materially while the filed fundamentals held or grew. This is a description of what the filings and the price panel show, and nothing more.

The price fell at least 20% from its 52-week high while 3 filed fundamental trends (fcf_trend, margin_trend, revenue_trend) held or grew, and none went backwards.

  • Filed revenue grew about 14.0% a year across 6 annual periods (2020-12-31 to 2025-12-31), from $2.71B to $5.22B. SEC EDGAR annual revenue · 6 filed period(s)
  • Operating margin widened 18.9 percentage points across 6 annual periods, from 11.7% (2020-12-31) to 30.6% (2025-12-31). SEC EDGAR operating income / revenue · 6 filed period(s)
  • Free cash flow went from -$379.51M (2020-12-31) to $1.19B (2025-12-31), a change of +412.8% across 6 filed annual periods. SEC EDGAR cash from operations minus capital expenditure · 6 filed period(s)
  • Total debt (long-term plus short-term) went from $287.15M (2020-12-31) to $185.00M (2022-12-31), a change of -35.6% across 3 filed annual periods. SEC EDGAR long-term plus short-term debt · 3 filed period(s)
  • Interest coverage in the latest filed year (2023-12-31) is 66.1x operating income to interest expense, at or above the 8.0x strong threshold. 4 filed annual period(s) report both inputs. SEC EDGAR operating income / interest expense · 4 filed period(s)
  • The share price is 36.8% below its 52-week high, which is at or above the 20% mark this screen treats as a material decline. Adjusted close panel: % below 52-week high · 1 filed period(s)
  • The drawdown is further than the cohort: +10.1 percentage points against a median of 26.6% below the 52-week high across 223 peers. Adjusted close panel: % below 52-week high minus the cohort median of the same figure · 1 filed period(s)

Fundamentals appearing intact does not establish that the decline will reverse. Filings lag the market, and the price may reflect information that has not reached a filing yet.

What would change this classification

  • A filed annual period in which revenue falls at or beyond 5% a year, operating margin narrows by 2 percentage points or more, or free cash flow turns negative, would reclassify this as fundamentals_deteriorating.
  • Total debt rising 25% or more across the filed periods, or interest coverage falling below 3.0x, would reclassify this as leverage_stress.
  • The cohort median drawdown moving to within 5 percentage points of this name's would reclassify this as sector_wide.

Fair-value inputs, method by method

  • At the cohort median trailing P/E → $552.17 (+174%) implied price = cohort median trailing P/E x trailing earnings per share trailing_eps=17.08 · cohort_median_trailing_pe=32.3284 · peer_count=203
  • At the cohort median EV/EBITDA → $436.36 (+117%) implied price = (cohort median EV/EBITDA x EBITDA - (total debt - cash)) / shares outstanding cohort_median_ev_ebitda=18.558 · net_debt=-2618514000.0 · peer_count=219 · implied_enterprise_value=44277532793.86 · implied_equity_value=46896046793.86 · total_debt=185000000.0 · debt_and_cash_source=SEC EDGAR (cited) · ebitda=2385900032.0 · shares_outstanding=107469788.0 · cash=2803514000.0
  • At the cohort median P/B → $468.48 (+133%) implied price = cohort median price-to-book x book value per share cohort_median_price_to_book=4.8785 · peer_count=214 · book_value_per_share=96.031

How the rank was computed

  • Cheapness percentile within the peer cohort: 83.3 × 40.0% = 33.32
  • Business quality score: 76.1 × 25.0% = 19.02
  • Confidence in the discount classification: 85.0 × 15.0% = 12.75
  • Distance to the central peer-relative fair-value estimate: 100.0 × 20.0% = 20.0

Blended score 85.1/100. Cheapness is a percentile against 223 peers in Technology (sector) (widened from the industry bucket, which had too few peers), built on 7 valuation metric(s). Quality used 7 component(s). The price sits 37% below its 52-week high.

Purification: 0.64% of dividends and gains — see the full receipts in the portal report.
6 ENS ↗ · EnerSys $175.68 $279.93–$369.89 mid $349.66 +99% 81 76 sector wide confidence 85/100 compliant + watch
Show the work for ENS

What the filings show

The decline is close to the sector cohort's own median decline, so the cohort — not something specific to this company — accounts for most of what the price did.

The drawdown sits within 5 percentage points of the cohort median, so the cohort explains the move before anything company-specific needs to.

  • Filed revenue grew about 4.7% a year across 6 annual periods (2021-03-31 to 2026-03-31), from $2.98B to $3.75B. SEC EDGAR annual revenue · 6 filed period(s)
  • Operating margin widened 4.1 percentage points across 6 annual periods, from 7.3% (2021-03-31) to 11.4% (2026-03-31). SEC EDGAR operating income / revenue · 6 filed period(s)
  • Free cash flow went from $288.36M (2021-03-31) to $467.52M (2026-03-31), a change of +62.1% across 6 filed annual periods. SEC EDGAR cash from operations minus capital expenditure · 6 filed period(s)
  • Total debt (long-term plus short-term) went from $1.00B (2021-03-31) to $1.11B (2026-03-31), a change of +10.5% across 6 filed annual periods. SEC EDGAR long-term plus short-term debt · 6 filed period(s)
  • Interest coverage in the latest filed year (2024-03-31) is 7.0x operating income to interest expense, between the 3.0x and 8.0x thresholds. 4 filed annual period(s) report both inputs. SEC EDGAR operating income / interest expense · 4 filed period(s)
  • The share price is 27.7% below its 52-week high, which is at or above the 20% mark this screen treats as a material decline. Adjusted close panel: % below 52-week high · 1 filed period(s)
  • The drawdown is in line with the cohort: +4.0 percentage points against a median of 23.7% below the 52-week high across 8 peers. Adjusted close panel: % below 52-week high minus the cohort median of the same figure · 1 filed period(s)

What would change this classification

  • The gap between this drawdown and the cohort median widening past 5 percentage points would move this to a company-specific classification.
  • Any filed fundamental trend turning down would reclassify this as fundamentals_deteriorating regardless of what the cohort did.

Fair-value inputs, method by method

  • At the cohort median trailing P/E → $279.93 (+59%) implied price = cohort median trailing P/E x trailing earnings per share trailing_eps=9.54 · cohort_median_trailing_pe=29.3424 · peer_count=8
  • At the cohort median EV/EBITDA → $369.89 (+111%) implied price = (cohort median EV/EBITDA x EBITDA - (total debt - cash)) / shares outstanding cohort_median_ev_ebitda=21.312 · net_debt=-121587000.0 · peer_count=8 · implied_enterprise_value=13218639446.02 · implied_equity_value=13340226446.02 · total_debt=317088000.0 · debt_and_cash_source=SEC EDGAR (cited) · ebitda=620243968.0 · shares_outstanding=36065224.0 · cash=438675000.0
  • At the cohort median P/B → $349.66 (+99%) implied price = cohort median price-to-book x book value per share cohort_median_price_to_book=6.445 · peer_count=8 · book_value_per_share=54.252

How the rank was computed

  • Cheapness percentile within the peer cohort: 81.2 × 40.0% = 32.48
  • Business quality score: 76.1 × 25.0% = 19.02
  • Confidence in the discount classification: 85.0 × 15.0% = 12.75
  • Distance to the central peer-relative fair-value estimate: 100.0 × 20.0% = 20.0

Blended score 84.3/100. Cheapness is a percentile against 8 peers in Electrical Equipment & Parts (industry), built on 6 valuation metric(s). Quality used 7 component(s). The price sits 28% below its 52-week high.

Purification: 0.00% of dividends and gains — see the full receipts in the portal report.
7 AA ↗ · Alcoa $46.97 $70.48–$111.60 mid $96.52 +105% 86 65 fundamentals intact confidence 85/100 compliant + watch
Show the work for AA

What the filings show

The share price declined materially while the filed fundamentals held or grew. This is a description of what the filings and the price panel show, and nothing more.

The price fell at least 20% from its 52-week high while 2 filed fundamental trends (fcf_trend, revenue_trend) held or grew, and none went backwards.

  • Filed revenue grew about 6.7% a year across 6 annual periods (2020-12-31 to 2025-12-31), from $9.29B to $12.83B. SEC EDGAR annual revenue · 6 filed period(s)
  • Free cash flow went from $41.00M (2020-12-31) to $567.00M (2025-12-31), a change of +1282.9% across 6 filed annual periods. SEC EDGAR cash from operations minus capital expenditure · 6 filed period(s)
  • Total debt (long-term plus short-term) went from $2.47B (2020-12-31) to $2.44B (2025-12-31), a change of -1.1% across 6 filed annual periods. SEC EDGAR long-term plus short-term debt · 6 filed period(s)
  • The share price is 43.8% below its 52-week high, which is at or above the 20% mark this screen treats as a material decline. Adjusted close panel: % below 52-week high · 1 filed period(s)
  • The drawdown is further than the cohort: +26.0 percentage points against a median of 17.8% below the 52-week high across 67 peers. Adjusted close panel: % below 52-week high minus the cohort median of the same figure · 1 filed period(s)

Fundamentals appearing intact does not establish that the decline will reverse. Filings lag the market, and the price may reflect information that has not reached a filing yet.

What would change this classification

  • A filed annual period in which revenue falls at or beyond 5% a year, operating margin narrows by 2 percentage points or more, or free cash flow turns negative, would reclassify this as fundamentals_deteriorating.
  • Total debt rising 25% or more across the filed periods, or interest coverage falling below 3.0x, would reclassify this as leverage_stress.
  • The cohort median drawdown moving to within 5 percentage points of this name's would reclassify this as sector_wide.

Fair-value inputs, method by method

  • At the cohort median trailing P/E → $111.60 (+138%) implied price = cohort median trailing P/E x trailing earnings per share trailing_eps=4.88 · cohort_median_trailing_pe=22.8681 · peer_count=52
  • At the cohort median EV/EBITDA → $96.52 (+105%) implied price = (cohort median EV/EBITDA x EBITDA - (total debt - cash)) / shares outstanding cohort_median_ev_ebitda=11.39 · net_debt=851000000.0 · peer_count=67 · implied_enterprise_value=26322290728.96 · implied_equity_value=25471290728.96 · total_debt=2448000000.0 · debt_and_cash_source=SEC EDGAR (cited) · ebitda=2311000064.0 · shares_outstanding=263909445.0 · cash=1597000000.0
  • At the cohort median P/B → $70.48 (+50%) implied price = cohort median price-to-book x book value per share cohort_median_price_to_book=2.524 · peer_count=65 · book_value_per_share=27.926

How the rank was computed

  • Cheapness percentile within the peer cohort: 85.8 × 40.0% = 34.32
  • Business quality score: 64.8 × 25.0% = 16.2
  • Confidence in the discount classification: 85.0 × 15.0% = 12.75
  • Distance to the central peer-relative fair-value estimate: 100.0 × 20.0% = 20.0

Blended score 83.3/100. Cheapness is a percentile against 67 peers in Basic Materials (sector) (widened from the industry bucket, which had too few peers), built on 6 valuation metric(s). Quality used 7 component(s). The price sits 44% below its 52-week high.

Purification: 0.00% of dividends and gains — see the full receipts in the portal report.
8 CNM ↗ · Core & Main $42.90 $52.60–$75.13 mid $70.06 +63% 82 62 fundamentals intact confidence 85/100 compliant + watch
Show the work for CNM

What the filings show

The share price declined materially while the filed fundamentals held or grew. This is a description of what the filings and the price panel show, and nothing more.

The price fell at least 20% from its 52-week high while 3 filed fundamental trends (fcf_trend, margin_trend, revenue_trend) held or grew, and none went backwards.

  • Filed revenue grew about 16.0% a year across 6 annual periods (2021-01-31 to 2026-02-01), from $3.64B to $7.65B. SEC EDGAR annual revenue · 6 filed period(s)
  • Operating margin widened 4.4 percentage points across 6 annual periods, from 5.1% (2021-01-31) to 9.4% (2026-02-01). SEC EDGAR operating income / revenue · 6 filed period(s)
  • Free cash flow went from $202.00M (2021-01-31) to $604.00M (2026-02-01), a change of +199.0% across 6 filed annual periods. SEC EDGAR cash from operations minus capital expenditure · 6 filed period(s)
  • Total debt (long-term plus short-term) went from $2.27B (2021-01-31) to $2.15B (2026-02-01), a change of -5.2% across 6 filed annual periods. SEC EDGAR long-term plus short-term debt · 6 filed period(s)
  • Interest coverage in the latest filed year (2024-01-28) is 9.1x operating income to interest expense, at or above the 8.0x strong threshold. 4 filed annual period(s) report both inputs. SEC EDGAR operating income / interest expense · 4 filed period(s)
  • The share price is 27.4% below its 52-week high, which is at or above the 20% mark this screen treats as a material decline. Adjusted close panel: % below 52-week high · 1 filed period(s)
  • The drawdown is further than the cohort: +17.9 percentage points against a median of 9.5% below the 52-week high across 10 peers. Adjusted close panel: % below 52-week high minus the cohort median of the same figure · 1 filed period(s)

Fundamentals appearing intact does not establish that the decline will reverse. Filings lag the market, and the price may reflect information that has not reached a filing yet.

What would change this classification

  • A filed annual period in which revenue falls at or beyond 5% a year, operating margin narrows by 2 percentage points or more, or free cash flow turns negative, would reclassify this as fundamentals_deteriorating.
  • Total debt rising 25% or more across the filed periods, or interest coverage falling below 3.0x, would reclassify this as leverage_stress.
  • The cohort median drawdown moving to within 5 percentage points of this name's would reclassify this as sector_wide.

Fair-value inputs, method by method

  • At the cohort median trailing P/E → $70.06 (+63%) implied price = cohort median trailing P/E x trailing earnings per share trailing_eps=2.43 · cohort_median_trailing_pe=28.8298 · peer_count=9
  • At the cohort median EV/EBITDA → $75.13 (+75%) implied price = (cohort median EV/EBITDA x EBITDA - (total debt - cash)) / shares outstanding cohort_median_ev_ebitda=16.882 · net_debt=1928000000.0 · peer_count=10 · implied_enterprise_value=15784670000.0 · implied_equity_value=13856670000.0 · total_debt=2148000000.0 · debt_and_cash_source=SEC EDGAR (cited) · ebitda=935000000.0 · shares_outstanding=184443500.0 · cash=220000000.0
  • At the cohort median P/B → $52.60 (+23%) implied price = cohort median price-to-book x book value per share cohort_median_price_to_book=4.7763 · peer_count=10 · book_value_per_share=11.012

How the rank was computed

  • Cheapness percentile within the peer cohort: 82.4 × 40.0% = 32.96
  • Business quality score: 61.7 × 25.0% = 15.43
  • Confidence in the discount classification: 85.0 × 15.0% = 12.75
  • Distance to the central peer-relative fair-value estimate: 100.0 × 20.0% = 20.0

Blended score 81.1/100. Cheapness is a percentile against 10 peers in Industrial Distribution (industry), built on 6 valuation metric(s). Quality used 7 component(s). The price sits 27% below its 52-week high.

Purification: 0.00% of dividends and gains — see the full receipts in the portal report.
9 ITRI ↗ · Itron, Inc. $91.38 $137.10–$238.82 mid $153.83 +68% 86 55 fundamentals intact confidence 85/100 questionable flagged + watch
Show the work for ITRI

What the filings show

The share price declined materially while the filed fundamentals held or grew. This is a description of what the filings and the price panel show, and nothing more.

The price fell at least 20% from its 52-week high while 3 filed fundamental trends (fcf_trend, margin_trend, revenue_trend) held or grew, and none went backwards.

  • Filed revenue was roughly unchanged at about 1.7% a year across 6 annual periods (2020-12-31 to 2025-12-31), from $2.17B to $2.37B. SEC EDGAR annual revenue · 6 filed period(s)
  • Operating margin widened 13.7 percentage points across 6 annual periods, from -0.5% (2020-12-31) to 13.2% (2025-12-31). SEC EDGAR operating income / revenue · 6 filed period(s)
  • Free cash flow went from $63.31M (2020-12-31) to $383.06M (2025-12-31), a change of +505.1% across 6 filed annual periods. SEC EDGAR cash from operations minus capital expenditure · 6 filed period(s)
  • Total debt (long-term plus short-term) went from $920.94M (2020-12-31) to $1.25B (2025-12-31), a change of +35.5% across 6 filed annual periods. SEC EDGAR long-term plus short-term debt · 6 filed period(s)
  • Interest coverage in the latest filed year (2023-12-31) is 15.4x operating income to interest expense, at or above the 8.0x strong threshold. 4 filed annual period(s) report both inputs. SEC EDGAR operating income / interest expense · 4 filed period(s)
  • The share price is 33.9% below its 52-week high, which is at or above the 20% mark this screen treats as a material decline. Adjusted close panel: % below 52-week high · 1 filed period(s)
  • The drawdown is further than the cohort: +12.9 percentage points against a median of 20.9% below the 52-week high across 13 peers. Adjusted close panel: % below 52-week high minus the cohort median of the same figure · 1 filed period(s)

Fundamentals appearing intact does not establish that the decline will reverse. Filings lag the market, and the price may reflect information that has not reached a filing yet.

What would change this classification

  • A filed annual period in which revenue falls at or beyond 5% a year, operating margin narrows by 2 percentage points or more, or free cash flow turns negative, would reclassify this as fundamentals_deteriorating.
  • Total debt rising 25% or more across the filed periods, or interest coverage falling below 3.0x, would reclassify this as leverage_stress.
  • The cohort median drawdown moving to within 5 percentage points of this name's would reclassify this as sector_wide.

Fair-value inputs, method by method

  • At the cohort median trailing P/E → $238.82 (+161%) implied price = cohort median trailing P/E x trailing earnings per share trailing_eps=5.93 · cohort_median_trailing_pe=40.2729 · peer_count=12
  • At the cohort median EV/EBITDA → $137.10 (+50%) implied price = (cohort median EV/EBITDA x EBITDA - (total debt - cash)) / shares outstanding cohort_median_ev_ebitda=18.558 · net_debt=704125000.0 · peer_count=13 · implied_enterprise_value=6707250769.54 · implied_equity_value=6003125769.54 · total_debt=1724522000.0 · debt_and_cash_source=SEC EDGAR (cited) · ebitda=361420992.0 · shares_outstanding=43786753.0 · cash=1020397000.0
  • At the cohort median P/B → $153.83 (+68%) implied price = cohort median price-to-book x book value per share cohort_median_price_to_book=4.1664 · peer_count=13 · book_value_per_share=36.921

How the rank was computed

  • Cheapness percentile within the peer cohort: 85.8 × 40.0% = 34.32
  • Business quality score: 55.1 × 25.0% = 13.78
  • Confidence in the discount classification: 85.0 × 15.0% = 12.75
  • Distance to the central peer-relative fair-value estimate: 100.0 × 20.0% = 20.0

Blended score 80.8/100. Cheapness is a percentile against 13 peers in Scientific & Technical Instruments (industry), built on 6 valuation metric(s). Quality used 7 component(s). The price sits 34% below its 52-week high.

Purification: 2.04% of dividends and gains — see the full receipts in the portal report.
10 AEO ↗ · American Eagle Outfitters $14.91 $23.50–$43.19 mid $32.42 +117% 82 59 fundamentals intact confidence 85/100 compliant + watch
Show the work for AEO

What the filings show

The share price declined materially while the filed fundamentals held or grew. This is a description of what the filings and the price panel show, and nothing more.

The price fell at least 20% from its 52-week high while 3 filed fundamental trends (fcf_trend, margin_trend, revenue_trend) held or grew, and none went backwards.

  • Filed revenue grew about 8.1% a year across 6 annual periods (2021-01-30 to 2026-01-31), from $3.76B to $5.55B. SEC EDGAR annual revenue · 6 filed period(s)
  • Operating margin widened 11.3 percentage points across 6 annual periods, from -7.2% (2021-01-30) to 4.1% (2026-01-31). SEC EDGAR operating income / revenue · 6 filed period(s)
  • Free cash flow went from $74.52M (2021-01-30) to $195.39M (2026-01-31), a change of +162.2% across 6 filed annual periods. SEC EDGAR cash from operations minus capital expenditure · 6 filed period(s)
  • Total debt (long-term plus short-term) went from $325.29M (2021-01-30) to $0 (2026-01-31), a change of -100.0% across 5 filed annual periods. SEC EDGAR long-term plus short-term debt · 5 filed period(s)
  • The share price is 46.1% below its 52-week high, which is at or above the 20% mark this screen treats as a material decline. Adjusted close panel: % below 52-week high · 1 filed period(s)
  • The drawdown is further than the cohort: +18.9 percentage points against a median of 27.2% below the 52-week high across 11 peers. Adjusted close panel: % below 52-week high minus the cohort median of the same figure · 1 filed period(s)

Fundamentals appearing intact does not establish that the decline will reverse. Filings lag the market, and the price may reflect information that has not reached a filing yet.

What would change this classification

  • A filed annual period in which revenue falls at or beyond 5% a year, operating margin narrows by 2 percentage points or more, or free cash flow turns negative, would reclassify this as fundamentals_deteriorating.
  • Total debt rising 25% or more across the filed periods, or interest coverage falling below 3.0x, would reclassify this as leverage_stress.
  • The cohort median drawdown moving to within 5 percentage points of this name's would reclassify this as sector_wide.

Fair-value inputs, method by method

  • At the cohort median trailing P/E → $23.50 (+58%) implied price = cohort median trailing P/E x trailing earnings per share trailing_eps=1.95 · cohort_median_trailing_pe=12.0492 · peer_count=11
  • At the cohort median EV/EBITDA → $32.42 (+117%) implied price = (cohort median EV/EBITDA x EBITDA - (total debt - cash)) / shares outstanding cohort_median_ev_ebitda=9.022 · net_debt=-288923000.0 · peer_count=11 · implied_enterprise_value=5144623865.47 · implied_equity_value=5433546865.47 · total_debt=0.0 · debt_and_cash_source=SEC EDGAR (cited) · ebitda=570230976.0 · shares_outstanding=167573333.0 · cash=288923000.0
  • At the cohort median P/B → $43.19 (+190%) implied price = cohort median price-to-book x book value per share cohort_median_price_to_book=4.105 · peer_count=11 · book_value_per_share=10.522

How the rank was computed

  • Cheapness percentile within the peer cohort: 81.8 × 40.0% = 32.72
  • Business quality score: 58.6 × 25.0% = 14.65
  • Confidence in the discount classification: 85.0 × 15.0% = 12.75
  • Distance to the central peer-relative fair-value estimate: 100.0 × 20.0% = 20.0

Blended score 80.1/100. Cheapness is a percentile against 11 peers in Apparel Retail (industry), built on 6 valuation metric(s). Quality used 7 component(s). The price sits 46% below its 52-week high.

Purification: 0.00% of dividends and gains — see the full receipts in the portal report.
11 HAYW ↗ · Hayward Holdings, Inc. $12.89 $21.13–$48.23 mid $28.04 +118% 81 58 sector wide confidence 85/100 questionable flagged + watch
Show the work for HAYW

What the filings show

The decline is close to the sector cohort's own median decline, so the cohort — not something specific to this company — accounts for most of what the price did.

The drawdown sits within 5 percentage points of the cohort median, so the cohort explains the move before anything company-specific needs to.

  • Filed revenue grew about 5.1% a year across 6 annual periods (2020-12-31 to 2025-12-31), from $875.40M to $1.12B. SEC EDGAR annual revenue · 6 filed period(s)
  • Operating margin widened 6.6 percentage points across 6 annual periods, from 14.2% (2020-12-31) to 20.8% (2025-12-31). SEC EDGAR operating income / revenue · 6 filed period(s)
  • Free cash flow went from $199.62M (2020-12-31) to $227.32M (2025-12-31), a change of +13.9% across 6 filed annual periods. SEC EDGAR cash from operations minus capital expenditure · 6 filed period(s)
  • Total debt (long-term plus short-term) went from $995.00M (2021-12-31) to $959.83M (2025-12-31), a change of -3.5% across 5 filed annual periods. SEC EDGAR long-term plus short-term debt · 5 filed period(s)
  • Interest coverage in the latest filed year (2025-12-31) is 4.6x operating income to interest expense, between the 3.0x and 8.0x thresholds. 6 filed annual period(s) report both inputs. SEC EDGAR operating income / interest expense · 6 filed period(s)
  • The share price is 25.5% below its 52-week high, which is at or above the 20% mark this screen treats as a material decline. Adjusted close panel: % below 52-week high · 1 filed period(s)
  • The drawdown is in line with the cohort: +0.7 percentage points against a median of 24.8% below the 52-week high across 8 peers. Adjusted close panel: % below 52-week high minus the cohort median of the same figure · 1 filed period(s)

What would change this classification

  • The gap between this drawdown and the cohort median widening past 5 percentage points would move this to a company-specific classification.
  • Any filed fundamental trend turning down would reclassify this as fundamentals_deteriorating regardless of what the cohort did.

Fair-value inputs, method by method

  • At the cohort median trailing P/E → $21.13 (+64%) implied price = cohort median trailing P/E x trailing earnings per share trailing_eps=0.72 · cohort_median_trailing_pe=29.3424 · peer_count=8
  • At the cohort median EV/EBITDA → $28.04 (+118%) implied price = (cohort median EV/EBITDA x EBITDA - (total debt - cash)) / shares outstanding cohort_median_ev_ebitda=21.312 · net_debt=560716000.0 · peer_count=8 · implied_enterprise_value=6508343808.0 · implied_equity_value=5947627808.0 · total_debt=959826000.0 · debt_and_cash_source=SEC EDGAR (cited) · ebitda=305384000.0 · shares_outstanding=212119582.0 · cash=399110000.0
  • At the cohort median P/B → $48.23 (+274%) implied price = cohort median price-to-book x book value per share cohort_median_price_to_book=6.445 · peer_count=8 · book_value_per_share=7.484

How the rank was computed

  • Cheapness percentile within the peer cohort: 81.2 × 40.0% = 32.48
  • Business quality score: 58.0 × 25.0% = 14.5
  • Confidence in the discount classification: 85.0 × 15.0% = 12.75
  • Distance to the central peer-relative fair-value estimate: 100.0 × 20.0% = 20.0

Blended score 79.7/100. Cheapness is a percentile against 8 peers in Electrical Equipment & Parts (industry), built on 6 valuation metric(s). Quality used 7 component(s). The price sits 26% below its 52-week high.

Purification: 6.56% of dividends and gains — see the full receipts in the portal report.
12 SARO ↗ · StandardAero $22.54 $32.87–$40.27 mid $34.17 +52% 87 48 fundamentals intact confidence 85/100 compliant + watch
Show the work for SARO

What the filings show

The share price declined materially while the filed fundamentals held or grew. This is a description of what the filings and the price panel show, and nothing more.

The price fell at least 20% from its 52-week high while 3 filed fundamental trends (fcf_trend, margin_trend, revenue_trend) held or grew, and none went backwards.

  • Filed revenue grew about 13.5% a year across 4 annual periods (2022-12-31 to 2025-12-31), from $4.15B to $6.06B. SEC EDGAR annual revenue · 4 filed period(s)
  • Operating margin widened 2.8 percentage points across 4 annual periods, from 6.3% (2022-12-31) to 9.1% (2025-12-31). SEC EDGAR operating income / revenue · 4 filed period(s)
  • Free cash flow went from -$13.98M (2022-12-31) to $234.30M (2025-12-31), a change of +1776.1% across 4 filed annual periods. SEC EDGAR cash from operations minus capital expenditure · 4 filed period(s)
  • Total debt (long-term plus short-term) went from $3.20B (2023-12-31) to $2.21B (2025-12-31), a change of -30.8% across 3 filed annual periods. SEC EDGAR long-term plus short-term debt · 3 filed period(s)
  • Interest coverage in the latest filed year (2025-12-31) is 3.2x operating income to interest expense, between the 3.0x and 8.0x thresholds. 4 filed annual period(s) report both inputs. SEC EDGAR operating income / interest expense · 4 filed period(s)
  • The share price is 31.9% below its 52-week high, which is at or above the 20% mark this screen treats as a material decline. Adjusted close panel: % below 52-week high · 1 filed period(s)
  • The drawdown is further than the cohort: +5.0 percentage points against a median of 26.9% below the 52-week high across 26 peers. Adjusted close panel: % below 52-week high minus the cohort median of the same figure · 1 filed period(s)

Fundamentals appearing intact does not establish that the decline will reverse. Filings lag the market, and the price may reflect information that has not reached a filing yet.

What would change this classification

  • A filed annual period in which revenue falls at or beyond 5% a year, operating margin narrows by 2 percentage points or more, or free cash flow turns negative, would reclassify this as fundamentals_deteriorating.
  • Total debt rising 25% or more across the filed periods, or interest coverage falling below 3.0x, would reclassify this as leverage_stress.
  • The cohort median drawdown moving to within 5 percentage points of this name's would reclassify this as sector_wide.

Fair-value inputs, method by method

  • At the cohort median trailing P/E → $32.87 (+46%) implied price = cohort median trailing P/E x trailing earnings per share trailing_eps=0.94 · cohort_median_trailing_pe=34.9659 · peer_count=24
  • At the cohort median EV/EBITDA → $40.27 (+79%) implied price = (cohort median EV/EBITDA x EBITDA - (total debt - cash)) / shares outstanding cohort_median_ev_ebitda=19.72 · net_debt=2214605000.0 · peer_count=25 · implied_enterprise_value=15541371755.52 · implied_equity_value=13326766755.52 · total_debt=2214605000.0 · debt_and_cash_source=SEC EDGAR (cited) · ebitda=788102016.0 · shares_outstanding=330919431.0 · cash=0.0
  • At the cohort median P/B → $34.17 (+52%) implied price = cohort median price-to-book x book value per share cohort_median_price_to_book=4.1064 · peer_count=24 · book_value_per_share=8.321

How the rank was computed

  • Cheapness percentile within the peer cohort: 86.6 × 40.0% = 34.64
  • Business quality score: 48.1 × 25.0% = 12.03
  • Confidence in the discount classification: 85.0 × 15.0% = 12.75
  • Distance to the central peer-relative fair-value estimate: 100.0 × 20.0% = 20.0

Blended score 79.4/100. Cheapness is a percentile against 26 peers in Aerospace & Defense (industry), built on 7 valuation metric(s). Quality used 7 component(s). The price sits 32% below its 52-week high.

Purification: 0.00% of dividends and gains — see the full receipts in the portal report.
13 WAY ↗ · Waystar Holding Corp $26.51 $34.45–$82.15 mid $58.30 +120% 82 54 fundamentals intact confidence 85/100 compliant + watch
Show the work for WAY

What the filings show

The share price declined materially while the filed fundamentals held or grew. This is a description of what the filings and the price panel show, and nothing more.

The price fell at least 20% from its 52-week high while 3 filed fundamental trends (fcf_trend, margin_trend, revenue_trend) held or grew, and none went backwards.

  • Filed revenue grew about 16.0% a year across 4 annual periods (2022-12-31 to 2025-12-31), from $704.87M to $1.10B. SEC EDGAR annual revenue · 4 filed period(s)
  • Operating margin widened 10.0 percentage points across 4 annual periods, from 12.7% (2022-12-31) to 22.7% (2025-12-31). SEC EDGAR operating income / revenue · 4 filed period(s)
  • Free cash flow went from $85.20M (2022-12-31) to $283.19M (2025-12-31), a change of +232.4% across 4 filed annual periods. SEC EDGAR cash from operations minus capital expenditure · 4 filed period(s)
  • Total debt (long-term plus short-term) went from $2.22B (2023-12-31) to $1.47B (2025-12-31), a change of -33.6% across 3 filed annual periods. SEC EDGAR long-term plus short-term debt · 3 filed period(s)
  • The share price is 33.1% below its 52-week high, which is at or above the 20% mark this screen treats as a material decline. Adjusted close panel: % below 52-week high · 1 filed period(s)
  • The drawdown is further than the cohort: +10.7 percentage points against a median of 22.4% below the 52-week high across 9 peers. Adjusted close panel: % below 52-week high minus the cohort median of the same figure · 1 filed period(s)

Fundamentals appearing intact does not establish that the decline will reverse. Filings lag the market, and the price may reflect information that has not reached a filing yet.

What would change this classification

  • A filed annual period in which revenue falls at or beyond 5% a year, operating margin narrows by 2 percentage points or more, or free cash flow turns negative, would reclassify this as fundamentals_deteriorating.
  • Total debt rising 25% or more across the filed periods, or interest coverage falling below 3.0x, would reclassify this as leverage_stress.
  • The cohort median drawdown moving to within 5 percentage points of this name's would reclassify this as sector_wide.

Fair-value inputs, method by method

  • At the cohort median EV/EBITDA → $34.45 (+30%) implied price = (cohort median EV/EBITDA x EBITDA - (total debt - cash)) / shares outstanding cohort_median_ev_ebitda=18.5265 · net_debt=1434085000.0 · peer_count=8 · implied_enterprise_value=8040630833.71 · implied_equity_value=6606545833.71 · total_debt=1495440000.0 · debt_and_cash_source=SEC EDGAR (cited) · ebitda=434007008.0 · shares_outstanding=191748416.0 · cash=61355000.0
  • At the cohort median P/B → $82.15 (+210%) implied price = cohort median price-to-book x book value per share cohort_median_price_to_book=3.9993 · peer_count=9 · book_value_per_share=20.541

Methods excluded, and why

  • At the cohort median trailing P/E — Only 7 cohort members report a positive trailing pe; 8 are required before a median is used, so this method is excluded rather than run against a thin cohort.

How the rank was computed

  • Cheapness percentile within the peer cohort: 82.2 × 40.0% = 32.88
  • Business quality score: 53.5 × 25.0% = 13.38
  • Confidence in the discount classification: 85.0 × 15.0% = 12.75
  • Distance to the central peer-relative fair-value estimate: 100.0 × 20.0% = 20.0

Blended score 79.0/100. Cheapness is a percentile against 9 peers in Health Information Services (industry), built on 5 valuation metric(s). Quality used 7 component(s). The price sits 33% below its 52-week high.

Purification: 0.13% of dividends and gains — see the full receipts in the portal report.
14 GIII ↗ · G-III Apparel Group, Ltd. $27.67 $43.44–$111.96 mid $54.02 +95% 84 49 sector wide confidence 85/100 compliant + watch
Show the work for GIII

What the filings show

The decline is close to the sector cohort's own median decline, so the cohort — not something specific to this company — accounts for most of what the price did.

The drawdown sits within 5 percentage points of the cohort median, so the cohort explains the move before anything company-specific needs to.

  • Filed revenue grew about 7.5% a year across 6 annual periods (2021-01-31 to 2026-01-31), from $2.06B to $2.96B. SEC EDGAR annual revenue · 6 filed period(s)
  • Operating margin held within a point of 0.4 percentage points across 6 annual periods, from 4.0% (2021-01-31) to 3.7% (2026-01-31). SEC EDGAR operating income / revenue · 6 filed period(s)
  • Free cash flow went from $58.72M (2021-01-31) to $263.92M (2026-01-31), a change of +349.4% across 6 filed annual periods. SEC EDGAR cash from operations minus capital expenditure · 6 filed period(s)
  • Total debt (long-term plus short-term) went from $507.95M (2021-01-31) to $4.64M (2026-01-31), a change of -99.1% across 6 filed annual periods. SEC EDGAR long-term plus short-term debt · 6 filed period(s)
  • The share price is 24.6% below its 52-week high, which is at or above the 20% mark this screen treats as a material decline. Adjusted close panel: % below 52-week high · 1 filed period(s)
  • The drawdown is in line with the cohort: +1.5 percentage points against a median of 23.1% below the 52-week high across 197 peers. Adjusted close panel: % below 52-week high minus the cohort median of the same figure · 1 filed period(s)

What would change this classification

  • The gap between this drawdown and the cohort median widening past 5 percentage points would move this to a company-specific classification.
  • Any filed fundamental trend turning down would reclassify this as fundamentals_deteriorating regardless of what the cohort did.
  • Interest coverage is unavailable (no filed annual period reports both operating income and interest expense); it is not counted in the confidence above, and computing it could change the classification.

Fair-value inputs, method by method

  • At the cohort median trailing P/E → $54.02 (+95%) implied price = cohort median trailing P/E x trailing earnings per share trailing_eps=2.99 · cohort_median_trailing_pe=18.0677 · peer_count=178
  • At the cohort median EV/EBITDA → $43.44 (+57%) implied price = (cohort median EV/EBITDA x EBITDA - (total debt - cash)) / shares outstanding cohort_median_ev_ebitda=11.0975 · net_debt=-398362000.0 · peer_count=198 · implied_enterprise_value=1464226345.0 · implied_equity_value=1862588345.0 · total_debt=8300000.0 · debt_and_cash_source=SEC EDGAR (cited) · ebitda=131942000.0 · shares_outstanding=42876508.0 · cash=406662000.0
  • At the cohort median P/B → $111.96 (+305%) implied price = cohort median price-to-book x book value per share cohort_median_price_to_book=2.6158 · peer_count=177 · book_value_per_share=42.802

How the rank was computed

  • Cheapness percentile within the peer cohort: 84.0 × 40.0% = 33.6
  • Business quality score: 49.3 × 25.0% = 12.32
  • Confidence in the discount classification: 85.0 × 15.0% = 12.75
  • Distance to the central peer-relative fair-value estimate: 100.0 × 20.0% = 20.0

Blended score 78.7/100. Cheapness is a percentile against 198 peers in Consumer Cyclical (sector) (widened from the industry bucket, which had too few peers), built on 6 valuation metric(s). Quality used 7 component(s). The price sits 25% below its 52-week high.

Purification: 1.49% of dividends and gains — see the full receipts in the portal report.
15 GAP ↗ · Gap Inc. $20.87 $41.45–$46.21 mid $41.56 +99% 80 66 sector wide confidence 45/100 compliant + watch
Show the work for GAP

What the filings show

The decline is close to the sector cohort's own median decline, so the cohort — not something specific to this company — accounts for most of what the price did.

The drawdown sits within 5 percentage points of the cohort median, so the cohort explains the move before anything company-specific needs to.

  • Free cash flow went from -$155.00M (2021-01-30) to $823.00M (2026-01-31), a change of +631.0% across 6 filed annual periods. SEC EDGAR cash from operations minus capital expenditure · 6 filed period(s)
  • Total debt (long-term plus short-term) went from $2.22B (2021-01-30) to $1.49B (2026-01-31), a change of -32.7% across 6 filed annual periods. SEC EDGAR long-term plus short-term debt · 6 filed period(s)
  • Interest coverage in the latest filed year (2026-01-31) is 12.0x operating income to interest expense, at or above the 8.0x strong threshold. 6 filed annual period(s) report both inputs. SEC EDGAR operating income / interest expense · 6 filed period(s)
  • The share price is 27.2% below its 52-week high, which is at or above the 20% mark this screen treats as a material decline. Adjusted close panel: % below 52-week high · 1 filed period(s)
  • The drawdown is in line with the cohort: -1.1 percentage points against a median of 28.3% below the 52-week high across 11 peers. Adjusted close panel: % below 52-week high minus the cohort median of the same figure · 1 filed period(s)

What would change this classification

  • The gap between this drawdown and the cohort median widening past 5 percentage points would move this to a company-specific classification.
  • Any filed fundamental trend turning down would reclassify this as fundamentals_deteriorating regardless of what the cohort did.
  • Revenue trend is unavailable (only 0 filed annual period(s) of revenue); it is not counted in the confidence above, and computing it could change the classification.

Fair-value inputs, method by method

  • At the cohort median trailing P/E → $41.45 (+99%) implied price = cohort median trailing P/E x trailing earnings per share trailing_eps=3.44 · cohort_median_trailing_pe=12.0492 · peer_count=11
  • At the cohort median EV/EBITDA → $41.56 (+99%) implied price = (cohort median EV/EBITDA x EBITDA - (total debt - cash)) / shares outstanding cohort_median_ev_ebitda=9.022 · net_debt=-1353000000.0 · peer_count=11 · implied_enterprise_value=13244296000.0 · implied_equity_value=14597296000.0 · total_debt=1649000000.0 · debt_and_cash_source=SEC EDGAR (cited) · ebitda=1468000000.0 · shares_outstanding=351270137.0 · cash=3002000000.0
  • At the cohort median P/B → $46.21 (+121%) implied price = cohort median price-to-book x book value per share cohort_median_price_to_book=4.105 · peer_count=11 · book_value_per_share=11.256

How the rank was computed

  • Cheapness percentile within the peer cohort: 80.3 × 40.0% = 32.12
  • Business quality score: 66.1 × 25.0% = 16.52
  • Confidence in the discount classification: 45.0 × 15.0% = 6.75
  • Distance to the central peer-relative fair-value estimate: 100.0 × 20.0% = 20.0

Blended score 75.4/100. Cheapness is a percentile against 11 peers in Apparel Retail (industry), built on 6 valuation metric(s). Quality used 7 component(s). The price sits 27% below its 52-week high.

Purification: 0.72% of dividends and gains — see the full receipts in the portal report.
16 DBD ↗ · Diebold Nixdorf $63.49 $84.54–$264.37 mid $190.33 +200% 89 52 sector wide confidence 40/100 compliant + watch
Show the work for DBD

What the filings show

The decline is close to the sector cohort's own median decline, so the cohort — not something specific to this company — accounts for most of what the price did.

The drawdown sits within 5 percentage points of the cohort median, so the cohort explains the move before anything company-specific needs to.

  • Total debt (long-term plus short-term) went from $2.56B (2022-12-31) to $938.50M (2025-12-31), a change of -63.3% across 4 filed annual periods. SEC EDGAR long-term plus short-term debt · 4 filed period(s)
  • Interest coverage in the latest filed year (2025-12-31) is 3.2x operating income to interest expense, between the 3.0x and 8.0x thresholds. 5 filed annual period(s) report both inputs. SEC EDGAR operating income / interest expense · 5 filed period(s)
  • The share price is 30.0% below its 52-week high, which is at or above the 20% mark this screen treats as a material decline. Adjusted close panel: % below 52-week high · 1 filed period(s)
  • The drawdown is in line with the cohort: +2.1 percentage points against a median of 28.0% below the 52-week high across 47 peers. Adjusted close panel: % below 52-week high minus the cohort median of the same figure · 1 filed period(s)

What would change this classification

  • The gap between this drawdown and the cohort median widening past 5 percentage points would move this to a company-specific classification.
  • Any filed fundamental trend turning down would reclassify this as fundamentals_deteriorating regardless of what the cohort did.
  • Revenue trend is unavailable (only 0 filed annual period(s) of revenue); it is not counted in the confidence above, and computing it could change the classification.

Fair-value inputs, method by method

  • At the cohort median trailing P/E → $84.54 (+33%) implied price = cohort median trailing P/E x trailing earnings per share trailing_eps=2.95 · cohort_median_trailing_pe=28.6568 · peer_count=46
  • At the cohort median EV/EBITDA → $264.37 (+316%) implied price = (cohort median EV/EBITDA x EBITDA - (total debt - cash)) / shares outstanding cohort_median_ev_ebitda=20.631 · net_debt=540700000.0 · peer_count=47 · implied_enterprise_value=9515017200.0 · implied_equity_value=8974317200.0 · total_debt=938700000.0 · debt_and_cash_source=SEC EDGAR (cited) · ebitda=461200000.0 · shares_outstanding=33946588.0 · cash=398000000.0
  • At the cohort median P/B → $190.33 (+200%) implied price = cohort median price-to-book x book value per share cohort_median_price_to_book=6.6778 · peer_count=45 · book_value_per_share=28.502

How the rank was computed

  • Cheapness percentile within the peer cohort: 89.2 × 40.0% = 35.68
  • Business quality score: 51.9 × 25.0% = 12.97
  • Confidence in the discount classification: 40.0 × 15.0% = 6.0
  • Distance to the central peer-relative fair-value estimate: 100.0 × 20.0% = 20.0

Blended score 74.7/100. Cheapness is a percentile against 47 peers in Software - Application (industry), built on 6 valuation metric(s). Quality used 7 component(s). The price sits 30% below its 52-week high.

Purification: 0.00% of dividends and gains — see the full receipts in the portal report.

Rank is a weighted blend of four disclosed scores — cheapness against the peer cohort, business quality, confidence in the discount classification, and distance to the central peer-relative fair-value estimate. It is a sort order for a research list. It is not a forecast, not a price target, and not a ranking of expected return.

How many names each gate removed
StageNames remaining
Universe1506
With usable market data1505
Ranked on cheapness (≥ 3 metrics, real peer cohort)1501
Working set (top 150 by cheapness)150
Passed the quality floor (45.0)108
Discount classified sector_wide or fundamentals_intact16
Passed the Sharia screen16
Published16

Dropped at the diagnosis gate: 40 fundamentals deteriorating, 22 insufficient evidence, 30 leverage stress. Dropped at the Sharia gate: none.

SCORECARD / RECEIPTS

How past screens have done

24 list(s) published, none of them old enough to evaluate. The oldest is 25 day(s) old and the bar is 30 days, so the first number appears in 5 day(s). Showing a return over a shorter window would be presenting noise as a result, so no return is shown.

Published Days Names Screen SPYSPUS Up / down
2026-09-18 0 16 too early — no return shown
2026-09-18 — the whole list, winners and losers

Published 0 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 30 day(s), whatever it says then.
2026-09-17 1 16 too early — no return shown
2026-09-17 — the whole list, winners and losers

Published 1 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 29 day(s), whatever it says then.
2026-09-16 2 15 too early — no return shown
2026-09-16 — the whole list, winners and losers

Published 2 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 28 day(s), whatever it says then.
2026-09-15 3 16 too early — no return shown
2026-09-15 — the whole list, winners and losers

Published 3 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 27 day(s), whatever it says then.
2026-09-14 4 15 too early — no return shown
2026-09-14 — the whole list, winners and losers

Published 4 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 26 day(s), whatever it says then.
2026-09-12 6 15 too early — no return shown
2026-09-12 — the whole list, winners and losers

Published 6 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 24 day(s), whatever it says then.
2026-09-11 7 16 too early — no return shown
2026-09-11 — the whole list, winners and losers

Published 7 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 23 day(s), whatever it says then.
2026-09-10 8 17 too early — no return shown
2026-09-10 — the whole list, winners and losers

Published 8 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 22 day(s), whatever it says then.
2026-09-09 9 15 too early — no return shown
2026-09-09 — the whole list, winners and losers

Published 9 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 21 day(s), whatever it says then.
2026-09-08 10 15 too early — no return shown
2026-09-08 — the whole list, winners and losers

Published 10 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 20 day(s), whatever it says then.
2026-09-07 11 15 too early — no return shown
2026-09-07 — the whole list, winners and losers

Published 11 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 19 day(s), whatever it says then.
2026-09-06 12 15 too early — no return shown
2026-09-06 — the whole list, winners and losers

Published 12 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 18 day(s), whatever it says then.
2026-09-05 13 15 too early — no return shown
2026-09-05 — the whole list, winners and losers

Published 13 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 17 day(s), whatever it says then.
2026-09-04 14 0 too early — no return shown
2026-09-04 — the whole list, winners and losers

Published 14 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 16 day(s), whatever it says then.
2026-09-03 15 16 too early — no return shown
2026-09-03 — the whole list, winners and losers

Published 15 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 15 day(s), whatever it says then.
2026-09-02 16 15 too early — no return shown
2026-09-02 — the whole list, winners and losers

Published 16 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 14 day(s), whatever it says then.
2026-09-01 17 15 too early — no return shown
2026-09-01 — the whole list, winners and losers

Published 17 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 13 day(s), whatever it says then.
2026-08-31 18 13 too early — no return shown
2026-08-31 — the whole list, winners and losers

Published 18 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 12 day(s), whatever it says then.
2026-08-29 20 13 too early — no return shown
2026-08-29 — the whole list, winners and losers

Published 20 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 10 day(s), whatever it says then.
2026-08-28 21 15 too early — no return shown
2026-08-28 — the whole list, winners and losers

Published 21 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 9 day(s), whatever it says then.
2026-08-27 22 13 too early — no return shown
2026-08-27 — the whole list, winners and losers

Published 22 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 8 day(s), whatever it says then.
2026-08-26 23 12 too early — no return shown
2026-08-26 — the whole list, winners and losers

Published 23 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 7 day(s), whatever it says then.
2026-08-25 24 12 too early — no return shown
2026-08-25 — the whole list, winners and losers

Published 24 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 6 day(s), whatever it says then.
2026-08-24 25 11 too early — no return shown
2026-08-24 — the whole list, winners and losers

Published 25 day(s) ago. That is under 30 days, which is too short to mean anything about a screen — over a window this brief the number is market noise, not evidence. No return is shown for this list; it becomes reportable in 5 day(s), whatever it says then.

Equal weighted, no rebalancing, and every name that was published stays in the arithmetic — including the ones that fell. Returns are price returns from the published entry price to the latest close in the same panel that built the screen; dividends are not included on either the screen or the benchmarks, so both sides are measured the same way. Past results describe what already happened and establish nothing about what happens next.

Each list is measured from its own publication date to today, so the windows overlap and share market conditions. The average across lists is an average of overlapping single-list returns — it is not a portfolio return and must not be read as one.

Verdicts and scores are Daleel methodology calculations from SEC filings — how this screen is built · top performers with verdicts · full receipts for any name in the portal. Not investment advice.