ValueScreener company report

Origin Agritech Limited (SEED)

Name: Origin Agritech Limited (SEED) filed financial figures
Creator: ValueScreener

NASDAQ / Basic Materials / Agricultural Inputs

Share price

0.80 USD Market dataClose of Oct 14, 2026

Market capitalisation

9.7M USD Market dataClose of Oct 14, 2026

Market data: Oct 14, 2026
Filed accounts: FY2025, filed Jan 30, 2026
Ratios computed: Oct 14, 2026
Filed years: 10, FY2016 to FY2025

Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means

SEC filingFiled with the SEC: Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement: What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data: Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener: Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.

Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Quality

Return on invested capital, after tax

n/a Computed

From the FY2025 filing

Why n/a

No operating income line is filed for this year.

Read quality

Financial strength

Current ratio

0.44 Computed

From the FY2025 filing

Read financial strength

Valuation

Price to earnings

n/m Computed

FY2025 accounts, priced at the latest close

Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

Read valuation

Cash generation

Free cash flow yield

-52.4% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.

Named tests met: 0 of 30 Which tests

The business, and the score behind its five axes

The reading, in brief

Is it cheap

Free cash flow yield is -52.4% at the close of 2026-10-14 on FY2025 figures; the lines are 2.0%, 5.0% and 8.0%, set by convention, and this sits below the lowest.

Today, against the Basic Materials sector (217 companies), -52.4% sits at the 8th percentile; the middle half of that group runs from -6.7% to 4.7%.

Is it good

Return on invested capital for Origin Agritech Limited in FY2025: n/a. No operating income line is filed for this year.

Is it safe

Current ratio was 0.44 in FY2025, in the band labelled "Short-term liabilities exceed short-term assets" (below 1.00), on lines anchored on Graham's defensive-investor criteria, suggesting short-term obligations above short-term assets.

Today, against the Basic Materials sector (251 companies), 0.44 sits at the 4th percentile; the middle half of that group runs from 1.42 to 3.59.

Year by year against peers: Whether Origin Agritech Limited's gross margin stayed above the median of the Basic Materials sector, year by year. (FY2023 to FY2025, 3 fiscal years of Origin Agritech Limited with a comparable figure)
The direction: Which way Origin Agritech Limited's gross margin has moved, and how steadily. (FY2016 to FY2025, 10 filed years of Origin Agritech Limited)
What could explain it: What in Origin Agritech Limited's filed statements could explain the movements. (3 readings drawn from the statement lines Origin Agritech Limited filed)
What to check next: What to check next on Origin Agritech Limited, and where in its filings. (5 questions for Origin Agritech Limited)
In one paragraph: One paragraph on Origin Agritech Limited's returns, cash, balance sheet and price. (6 of sixteen figures read for Origin Agritech Limited)

These are SEED’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research SEEDPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 20-F, filed Jan 30, 2026, accession 0001104659-26-008700.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Origin Agritech Limited: returns on capital and margins, each with its source
Figure	Value, source and document
Return on invested capital, after tax Why n/a No operating income line is filed for this year.	n/a ComputedFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Return on equity Why n/m Book equity is zero or negative. Return on equity computed over it flips sign and can read as a strong positive on a loss-making company, so we will not show a number.	n/m ComputedFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Return on capital employed, pre-tax Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Return on assets	-53.0% ComputedFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Gross margin	7.0% ComputedFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Operating margin Why n/a No operating income line is filed for this year.	n/a ComputedFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Net margin	-58.4% ComputedFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700

SEED -58.4%

-58.4%8.6%

Net margin: SEED against the 4 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Origin Agritech Limited: leverage, liquidity and distress, each with its source
Figure	Value, source and document
Debt to equity Why n/m Filed shareholders equity is zero or below, so debt measured against it is not a measurement (n/m).	n/m ComputedFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Current ratio	0.44 ComputedFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Quick ratio	0.35 ComputedFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Interest coverage Why n/a No operating income line is filed for this year.	n/a ComputedFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Altman Z-score Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedClose of Oct 14, 2026 · FY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Net debt	5.2M ComputedFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700

Total assets Total liabilities Shareholders’ equity (zero or below, not drawn)

The balance sheet, line by line

Financial health

What Origin Agritech Limited owned and owed at the end of fiscal 2025, from the balance sheet it filed (20-F, filed Jan 30, 2026, 0001104659-26-008700).

Origin Agritech Limited: balance sheet position
Total assets	100.6M FiledFY2025 20-F, filed Jan 30, 2026
Total liabilities	162.2M FiledFY2025 20-F, filed Jan 30, 2026
Shareholders' equity	-23.3M FiledFY2025 20-F, filed Jan 30, 2026
Cash	15.9M FiledFY2025 20-F, filed Jan 30, 2026
Total debt	21.1M FiledFY2025 20-F, filed Jan 30, 2026
Net debt	5.2M
Current ratio	0.44
Debt to equity	n/m

Debt to equity: FY2025: Filed shareholders equity is zero or below, so debt measured against it is not a measurement (n/m).
Interest cover: FY2025: No operating income line is filed for this year.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Origin Agritech Limited: what the market charges, each with its source
Figure	Value, source and document
Price to earnings Why n/m Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.	n/m ComputedClose of Oct 14, 2026 · FY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
P/E on trailing twelve months Why n/a A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.	n/a ComputedClose of Oct 14, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book Why n/m Book equity is zero or negative, so a ratio measured against it (debt to equity, price to book) is not a measurement, and we will not show a number.	n/m ComputedClose of Oct 14, 2026 · FY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Price to sales	0.71x ComputedClose of Oct 14, 2026 · FY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Enterprise value to EBIT Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedClose of Oct 14, 2026 · FY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Enterprise value to EBITDA Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedClose of Oct 14, 2026 · FY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Price to earnings over growth Why n/m Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.	n/m ComputedClose of Oct 14, 2026 · FY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Diluted earnings per share Why n/a The FY2025 filing carries no diluted earnings per share we could read.	n/a FiledFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Graham number Why n/m Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.	n/m ComputedFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700

We publish no fair value or price target of our own. Value SEED on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Origin Agritech Limited today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Origin Agritech Limited: valuation
Share price	0.80 USD
Market capitalisation	9.7M USD
Enterprise value to EBITDA	n/a
Graham number	n/m
Diluted earnings per share	n/a

Price to earnings on trailing twelve months: A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

Companies like Origin Agritech Limited

Same industry (Agricultural Inputs) and size band (Nano, under 50M), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Origin Agritech Limited: cash generation and what is paid out, each with its source
Figure	Value, source and document
Free cash flow yield	-52.4% ComputedClose of Oct 14, 2026 · FY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Free cash flow	-34.1M CNY ComputedFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Free cash flow margin	-37.3% ComputedFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Dividend yield Why n/a The latest year paid at least 1.5 times the year before, which reads as a special distribution rather than a run rate.	n/a ComputedClose of Oct 14, 2026 · FY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Payout ratio Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700

Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filing

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Origin Agritech Limited: the eight ratios, with the fiscal year and filing date behind each.
Figure	Value	Year	As of
	n/m	FY2025	Oct 14, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
FormulaShare price / earnings per share. Where the filing states no earnings per share this listing can be priced on, which is every 20-F and 40-F filer because theirs is stated per ordinary share, it is market capitalisation / net income: the same multiple, undiluted. As ofThe close on Oct 14, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tab
	n/m	FY2025	Oct 14, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
FormulaMarket capitalisation / shareholders equity As ofThe close on Oct 14, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tab
	n/a	FY2025	Oct 14, 2026
n/a The filed income statement reports no operating income.
Formula(Market capitalisation + total debt - cash) / operating income, or over the filing's own EBIT (income before tax + interest expense) where the filer tags no operating line, as Johnson & Johnson does not in any of its ten filed years. As ofThe close on Oct 14, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tabForm20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tab
	-52.4%	FY2025	Oct 14, 2026
FormulaFree cash flow per share / share price x 100 As ofThe close on Oct 14, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tab
	n/a	FY2025	Jan 30, 2026
n/a No operating income line is filed for this year.
FormulaVendor trailing-twelve-month return on invested capital where one is published, which uses after-tax operating profit over total assets less current liabilities. Otherwise our own recompute: NOPAT / (shareholders equity + total debt - cash) x 100, where NOPAT is the filed operating profit after tax, or the filing's own EBIT after tax where the filer tags no operating line. As ofThe filing date of the statements below, for FY2025. Form20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tabForm20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tab
	n/a	FY2025	Oct 14, 2026
n/a The latest year paid at least 1.5 times the year before, which reads as a special distribution rather than a run rate.
FormulaCommon dividends paid in the latest filed year / market capitalisation x 100. n/a where the filing cannot support it: a special or first-year payment, a total that mixes preferred dividends, or a cash-flow statement over 15 months old. As ofThe close on Oct 14, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tab
	n/m	FY2025	Jan 30, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
FormulaTotal debt / shareholders equity As ofThe filing date of the statements below, for FY2025. Form20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tab
	0.44	FY2025	Jan 30, 2026
FormulaCurrent assets / current liabilities As ofThe filing date of the statements below, for FY2025. Form20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tab
	0.71x	FY2025	Oct 14, 2026
FormulaMarket capitalisation / revenue As ofThe close on Oct 14, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tab
	n/m	FY2025	Oct 14, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
FormulaPrice to earnings / the annual earnings growth rate, in percentage points As ofThe close on Oct 14, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tab
	n/a	FY2025	Oct 14, 2026
n/a We hold no figure here and no stored reason for its absence. The gap is ours, not the company's.
Formula1.2 x working capital/assets + 1.4 x retained earnings/assets + 3.3 x EBIT/assets + 0.6 x market value of equity/total liabilities + 1.0 x revenue/assets As ofThe close on Oct 14, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tabForm20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tab
	-2.14	FY2025	Jan 30, 2026
FormulaAn eight-variable index of year-on-year changes in receivables, gross margin, asset quality, revenue, depreciation, overheads, leverage and accruals As ofThe filing date of the statements below, for FY2025. Form20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tabForm20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tabForm20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tab
	2/9	FY2025	Jan 30, 2026
FormulaOne point each for: positive return on assets, positive operating cash flow, rising return on assets, operating cash flow above net income, falling leverage, rising current ratio, no new shares issued, rising gross margin, rising asset turnover. As ofThe filing date of the statements below, for FY2025. Form20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tabForm20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tabForm20-FFiledJan 30, 2026PeriodFY2025Accession0001104659-26-008700What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001104659-26-008700, leaves this page and opens in a new tab

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 10 filed fiscal years on record, FY2016 to FY2025, from SEC EDGAR. Prices as of Oct 14, 2026. Ratios recomputed Oct 14, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports Origin Agritech Limited filed with the SEC. Each year names its filing. Amounts in CNY, as filed.

Origin Agritech Limited: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
Year	Revenue	Operating income	Net income	EPS, diluted	Free cash flow	Operating margin	Return on equity	Filing
FY2025	91.3M	n/a	-53.3M	n/a	-34.1M	n/a	n/m	20-F, Jan 30, 20260001104659-26-008700
FY2024	113.4M	n/a	20.7M	n/a	-20.0M	n/a	n/m	20-F, Feb 10, 20250001410578-25-000111
FY2023	93.3M	n/a	55.3M	n/a	-14.4M	n/a	n/m	20-F, Feb 15, 20240001104659-24-024556
FY2022	52.6M	10.5M	-6.3M	n/a	2.7M	n/a	n/m	20-F, Feb 14, 20230001410578-23-000111
FY2021	46.4M	-118.3M	-91.5M	n/a	-25.8M	n/a	n/m	20-F, Feb 4, 20220001410578-22-000076
FY2020	52.5M	-96.6M	-85.3M	n/a	-5.6M	n/a	n/m	20-F, Feb 16, 20210001104659-21-023556
FY2019	92.4M	-60.5M	-62.1M	n/a	-60.1M	n/a	n/m	20-F, Mar 2, 20200001104659-20-027605
FY2018	12.9M	-130.0M	-153.7M	n/a	-13.0M	n/a	n/m	20-F, Jun 3, 20190001144204-19-029440
FY2017	870.0K	-112.8M	-75.7M	n/a	-122.8M	n/a	-67.4%	20-F, Feb 12, 20180001144204-18-007075
FY2016	481.0K	-61.3M	-65.6M	n/a	32.2M	-12746.0%	-36.4%	20-F, Jan 9, 20170001144204-17-001412

Revenue, compound annual growth FY2016 to FY2025: 79.1%
Earnings: Earnings was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
Earnings per share: Fewer than two filed years carry earnings per share.
Free cash flow: Free cash flow was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Origin Agritech Limited: accounting screens and published tests, each with its source
Figure	Value, source and document
Beneish M-score	-2.14 ComputedFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Piotroski F-score	2/9 ComputedFY2025 20-F, filed Jan 30, 2026, 0001104659-26-008700
Named tests met	0 of 30 Computed
Beta	0.59 ComputedClose of Oct 14, 2026

The named tests

Of 30 tests value investors published: 0 met, 19 not met, 11 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)

Meets: None of the named tests.
Does not: Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; High returns and growth; Gross margin, turnover (Robert Novy-Marx); High yield, low payout; Dividends and buybacks; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Cash-covered dividend; Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC
Not measured: Earnings yield and ROIC (Joel Greenblatt); Low PEG, low debt (Peter Lynch); EV/EBITDA and coverage; Low beta, profitable; ROIC at or above WACC; P/E times P/B (Benjamin Graham); High returns, low debt; Book or below, low debt (Walter Schloss); Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff). A test with a figure we could not read is incomplete, never met and never failed.

Figures we could not read(18)

Debt to Equity: Filed shareholders equity is zero or below, so debt measured against it is not a measurement (n/m).
Positive Earnings Streak: The latest filed year has no per-share earnings we can read; the test needs 10.
P/B Ratio: Book equity is zero or negative, so a ratio measured against it (debt to equity, price to book) is not a measurement, and we will not show a number.
P/E Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
Return on Invested Capital: No operating income line is filed for this year.
Altman Z-Score: We do not hold this figure for this company, so there is nothing to show.
PEG Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
Return on Equity: Book equity is zero or negative. Return on equity computed over it flips sign and can read as a strong positive on a loss-making company, so we will not show a number.
EV/EBITDA: We do not hold this figure for this company, so there is nothing to show.
Interest Coverage: No operating income line is filed for this year.
Dividend Yield: The latest year paid at least 1.5 times the year before, which reads as a special distribution rather than a run rate.
Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
Share Count Change Yoy: We do not hold this figure for this company, so there is nothing to show.
ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
Price To Graham: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
Price Tangible Book: Book equity is zero or negative, so a ratio measured against it (debt to equity, price to book) is not a measurement, and we will not show a number.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

Value it in the DCF workbench

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

What this cannot tell you

18 figures could not be read on this company, among them Debt to Equity, Positive Earnings Streak, P/B Ratio. Each blank in the table above names the rest, with its reason. 11 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

Monitor my portfolio How this is computed

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Analyze your own portfolio

ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Four questions, at a glance

Quality

Financial strength

Valuation

Cash generation

Revenue and net income, as filed

The reading, in brief

Financial health

Valuation

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The filed figures

Ten years of filed figures

The named tests

What this cannot tell you

Margin Notes