Risk Disclaimer

ValueScreener is a research tool. Nothing in it is investment, financial, legal, tax or accounting advice, and nothing in it is a recommendation, an offer, or a solicitation to buy, sell or hold any security or other financial instrument.

Every figure, score, ranking, valuation, screen, discipline result and alert, in the product and on its free public pages, is information for your own research. None of it takes account of your objectives, your circumstances, your tax position or your tolerance for loss, because the product does not know them. Where the product works across holdings you entered, such as a concentration or a return, that is arithmetic on what you typed, and it says nothing about what you should hold.

Oliva Real Estate Technologies LLC, a limited liability company formed in Delaware, United States, operates this service. It is not a registered investment adviser, a broker-dealer, a bank, a fund manager, an accountancy firm or a tax adviser, in the United States, the European Union, the United Kingdom or anywhere else. It holds no client assets, executes no orders and exercises no discretion over any account.

Using this service creates no advisory, fiduciary or agency relationship between you and us.

You decide what to buy, what to sell and what to hold, and you carry the outcome. Investing involves risk, including the total loss of the amount invested. Prices fall as well as rise. Currency movements can turn a gain into a loss. Companies restate results, cut dividends, breach covenants and fail, sometimes with no warning in any dataset.

If you want advice about your own situation, take it from someone licensed to give it in your country, who knows your circumstances and is accountable for what they tell you.

The product is written for people who own small US companies, and these risks come with them.

• A thinly traded share can be hard to sell at the price on the screen, and a quoted price may rest on a handful of trades.
• Small companies raise money often, by issuing shares, warrants or convertible notes, and a holder can be diluted between one filing and the next.
• Some file late, restate their accounts, change auditors, or carry a warning from their auditor about whether they can continue as a going concern.
• Fewer people check their figures than check a large company’s, so an error in a filing, or in our reading of one, can stand for longer.
• Share promotions concentrate in small companies. Treat an unsolicited tip about one with suspicion, including a tip that quotes a figure from this site.

• It is third-party data. Company financials come from the accounts each company files; prices come from market data sources. We do not audit any of it and we did not produce it.
• Some of it is other people’s opinion. Analyst price targets, estimates and grades on a company page are forecasts published by the firms named beside them and delivered by our data supplier. There is no filing to check them against, and we do not adopt them.
• It can be stale. The product prints the age of the market data and the time of the last computation as two separate facts, because recomputing an indicator does not make a quote fresh. Read both dates before you use a number.
• Prices are not live. Each one is stored with the date of the close it comes from, which can be days old, and a figure built on a price, such as a P/E or a yield, is only as current as that date.
• Coverage varies by company. The service covers the markets listed on the coverage page, which says for each one whether it is included in every plan or opened by a Home Market Pack, and whether its figures are filed with the SEC or reported by the company and supplied as market data. A company being searchable here is not a promise that we hold its financial statements, still less ten years of them. The product tells you what it holds for the company in front of you. Do not infer depth from the size of the universe.
• It can be wrong. Values can be missing, misclassified, reported in an unexpected currency, or restated by the company after the fact. A restatement can break a guardrail or move a score months later.
• Where a figure is missing we say so rather than printing a zero, and where a ratio is not meaningful we say that instead of a number. An honest gap is still a gap: it is not evidence of anything about the company.

A score is a percentile rank against the companies we cover, produced by a published formula with weights we chose. Change the weights, the peer group or the period and the ranking moves. It is a way of sorting a list, not a verdict on a business. A composite is published only when enough of its pillars could be scored, and a pillar nothing could score is left out rather than counted as a zero.

A ranked list names the figure it is sorted by and the direction of the sort. Its order is that sort and nothing more: the top of a list is where one number is highest or lowest, not where we would put money. A company we hold no figure for is left out rather than ranked.

No buy, hold or sell of ours, no verdict word, and no fair value or price target of ours on a company. Where we publish a score or a ranked list, its method is published with it. The analyst figures on a company page are other people's, as the data section above says.

A value you compute in the valuation workbench is arithmetic on assumptions you entered: it starts from the filed figures and is yours from the first keystroke. Growth rates, margins, discount rates and terminal values are guesses about the future, and a two-stage model is exquisitely sensitive to them. The output tells you what your own assumptions imply. It does not tell you they are right.

Forensic scores, distress models and quality composites were built on particular populations in particular decades. They flag patterns worth investigating. They do not diagnose fraud, predict bankruptcy or certify soundness.

The investors named on the Gurus pages, in the disciplines and in the screener's named screens are not affiliated with ValueScreener and have not endorsed it. A result shown beside a name is our arithmetic, not that investor's view.

• Each test is drawn from the investor’s published work, and that work is named beside it.
• Where a number or a measure is ours rather than the author’s as printed, it is marked OURS.
• Descriptions of an investor’s views are our summaries. Wording is theirs only where it is shown as a quotation.
• Meets, Does not meet and Incomplete are arithmetic on the data we hold. Meeting a test does not mean the investor would choose the company, and it is not a reason to buy.
• A screen named after an index runs a shape we chose that resembles it. It is not the index, it does not use the index owner’s list of members, and it is not licensed from that owner.

The academy teaches how the numbers are built and what they cannot tell you. The calculators do arithmetic on the inputs you type, in your browser. The catalogue prints the same figures for every company we cover, largest first unless you sort it. All three are education and reference. None is advice, and none is a view on any security.

Before you act on any figure from this product, check it against the company’s own audited filing.

The product is built to make that easy: a figure read from a filing opens to show its formula, its inputs, the statement it came from, the fiscal period and the filing date, and a figure supplied as market data is labelled as such. Checking the work is your responsibility, not an optional extra. If a figure looks wrong, tell us through the report link on the page or at hello@valuescreener.ai, and we will look at it.

An alert says that a numeric condition you defined has stopped holding in the data we hold. That is all it says. It is not a rating change, a signal, or an instruction to sell. It is not a promise of timeliness either: checks run on a schedule and depend on new data arriving, so an alert can only ever be as prompt as the data behind it. If a figure needed for a check is missing, nothing fires, because a gap in a pipeline is not evidence about a company.

Silence is not a statement that all is well. It means no guardrail you wrote down was broken in the data we had.

Past performance of any security, indicator, score, screen or strategy is no guarantee of future results.

We make no claim, projection or promise about returns, and we publish no track record for any score or screen. Any historical figure in the product is a record of what happened, shown so you can study it. It is not a forecast, a simulation of what you would have earned, or a suggestion that a pattern will repeat.

The demonstration book is a made-up ledger, and every screen that draws it says so. Its holdings are real US listings bought on real past trading days at about that day's closing price, but we chose them in 2026, knowing what happened next. Its returns are arithmetic on that ledger. They are not the track record of any strategy, ours or anyone's, they are not what you would have earned, and its holdings are not suggestions.

The service is offered from the United States and is not directed at any person in any jurisdiction where offering or using it would be unlawful, or would require us to be registered or licensed. Whether you may lawfully use a research tool of this kind, and what you must do before publishing or acting on anything you take from it, depends on where you live and where you invest. That is your responsibility to establish.

If you republish figures or analysis from the product, rules on investment research and investment recommendations may apply to you. They are not our rules to satisfy on your behalf, and the terms limit what you may republish.

Nothing here excludes a liability or a consumer right that cannot lawfully be excluded. The full allocation of risk is in the terms of service.