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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: IndependentValue who wrote (55685)	7/13/2015 5:29:35 PM
From: Graham Osborn	Read Replies (1) \| Respond to of 78702

Hi IV, so I mean book as opposed to tbook. To earnings, I mean direct inclusion of earnings in the ratio - EBITDA, FCF, CFO are all better than NI IMO. I am finding ROIC harder to apply because of NI figures that don't appear sustainable. But ROIC is way better than ROA, ROE. I don't think there's anything wrong with using it in screens; I just think it's less of an "absolute" parameter for me than say DE < 0.5. Please post anything you turn up on your cash flow screen - I don't usually do that but it's not a bad idea. The killer would be a EV/ (5-year av FCF) screen but I don't have that capability right now. Best, Graham