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Overview

Simple Screens

High Dividend Yield
  High Yield DJIA30
  High Yield TSX60

Low P/E
  Low P/E DJIA
  Low P/E TSX60

Low P/B
  Low P/B DJIA
  Low P/B TSX60

Dividends at Risk
  Dividend Risk DJIA30
  Dividend Risk TSX60

Value Ratio
  Value Ratio DJIA30
  Value Ratio TSX60

+ FAQ


Value Screen Notes

The ratio columns display quintile scores and not the ratio itself. A 5 represents the 20% of stocks with the lowest ratios. A Score of 1 is given to the 20% of stocks with the highest ratios. Stocks with negative ratios are given a score of 0.

However, yield is the exception. It has the same quintile score as the P/D column. That is, high yield scores are given to stocks with high yields. Low yield scores are given to stocks with low yields. A 0 yield score is given to stocks that don't pay dividends.

Generally speaking, stocks with high quintile scores represent better values.

Column Headings

  P/E = Price to Earnings Ratio Quintile
  P/B = Price to Book Value Ratio Quintile
  P/S = Price to Sales Ratio Quintile
  P/C = Price to Cash Flow Ratio Quintile
  P/D = Price to Dividend Ratio Quintile
  Yield = Dividend Yield Quintile
  G$ = square root of (22.5 * EPS * BPS)
  dG$ = 100% * (G$ - Price)/Price
  VR = P/E Ratio divided by Dividend Yield

where

  EPS = Earnings per share
  BPS = Book Value per share

G$ and dG$

Benjamin Graham demanded that his defensive stocks have a combined P/E times P/B ratio of less than 22.5. The G$ represents the price at which a stock would have a P/E times P/B equal to 22.5. As a result, a price less than the G$ would represent a relatively good value.

The dG$ is the percentage amount that a stock would have to rise by to hit the G$. All else being equal, a higher dG$ is better.

A word of caution

The value screens are provided for informational purposes only. They are not intended to represent recommendations or financial advice. Be sure to do your own due diligence. Consult with your investment advisor before making any changes to your portfolio.

 
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Disclaimers: Consult with a qualified investment adviser before trading. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, financial advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. More...