A New Paradigm For Fundamental Data

For 5,000+ U.S. Exchange-traded stocks, 700+ ETFs and 7,000+ mutual funds with history back to 1998.

Its official – we offer the best fundamental data in the world.

Proven by a paper forthcoming in The Journal of Financial Economics.

  • Problem: Legacy data providers miss material unusual gains/losses.
  • Solution: Cutting-edge technology collects data - better, faster, cheaper.
  • Idiosyncratic alpha: Our proprietary Earnings Distortion data provides a new source of alpha.
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Better data provides a cleaner view of earnings

Legacy data providers, such as S&P Global (SPGI) & Refinitiv, lack the technology to avoid errors, omissions & biases that render their data & research based on it unreliable. Our Core Earnings are a superior alternative.

Core Earnings vs. SPGI’s Operating Earnings: 3/31/05 – 11/17/20

Sources: New Constructs, LLC, company filings, and S&P Global.
Note: the most recent periods’ data for SPGI’s Operating Earnings is based on consensus.
Our Core Earnings analysis is based on aggregated TTM data for the S&P 500 constituents in each measurement period.

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from traditional metrics to deep dives into our adjustments data.

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Net Income to NOPAT Reconciliation

The adjustments data to convert Reported Net Income to NOPAT.

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Traditional Value Screens - with better data

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Price-to-Earnings

Price-to-Book

ROE

Return on Assets

...and more

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Enhanced Value Screens

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Earnings

Book Value

ROE, ROA, RNOA

Cash Flow from Ops

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Economic Earnings

Invested Capital

ROIC

NOPAT

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Investment Ratings

Overall and Component Risk/Reward Investment Ratings on stocks, ETFs and mutual funds. Ratings are updated daily.

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Revenue to Adjusted EBITDA Reconciliation

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Total Assets to Adjusted Book Value (Invested Capital) Reconciliation

Get the adjustments data we use to convert reported total assets to invested capital.

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Accounting Book Value to Adjusted Book Value (Invested Capital) Reconciliation

Get the adjustments data we use to convert accounting book value to invested capital.

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Market Value to Enterprise Value Reconciliation

Get the adjustments data we use to convert equity market value to enterprise value.

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ROIC – Variations

We empower clients to calculate ROIC however they wish - with the best possible data.

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Economic Book Value Details

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