Guides
Learn valuation-first research
Evergreen explanations of how we think about valuation: what a valuation percentile is, when each multiple matters, and how to read the charts. Plus opinionated workflows for putting the platform to work. Education, not investment advice.
Valuation
The core concepts: percentiles, multiples, and the band chart that ties them together.
What Is a Valuation Percentile?
The core idea behind StockResearch: rank a stock’s multiple against its own five-year history instead of against other companies. What a 4th-percentile P/E means, what it doesn’t, and where the method breaks.
P/E, P/S, EV/Sales, EV/EBITDA: When Each Multiple Matters
Every valuation multiple answers a different question, and every one breaks somewhere. A working guide to trailing P/E, forward P/E, P/S, EV/Sales, and EV/EBITDA, and how to use them together.
How to Read a Valuation Band Chart
The median line, the interquartile band, and the current marker: how to read multiple compression and expansion, and how to tell price-driven compression from a justified de-rating.
Screening
Turning the concepts into repeatable scans of the whole universe.
Cross-listing
One company, two tickers: ADRs, CDIs, ratios, and spreads.
Using StockResearch
Opinionated workflows across the tools.