U.S. · Canada · India · Transparent valuation

Value, with the
math visible.

TrendingWire separates Benjamin Graham’s published formulas from your custom workbook model, then adds asset-value screens, a user-defined margin of safety and market momentum without mixing the methodologies.

Try

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Market price—

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TrendingWire decision snapshot

Valuation at a glance

WAITING

Current Price —

Workbook Intrinsic Value —

Your Target Buy Price —

Bargain % —

Analyze a stock to see how it compares with your valuation, margin-of-safety and book-health filters.

Criteria scorecard

What needs to pass

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Workbook valuationCurrent price vs custom intrinsic value

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Margin of safetyCurrent price vs your target buy price

Waiting

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Financial book healthLatest filed annual balance sheet

Waiting

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Graham defensive checksPass count from available book tests

Waiting

Classic Graham value BOOK—Normal EPS × (8.5 + 2g)

Workbook model CUSTOM—Preserves your 50% growth haircut logic.

NCAV / share BOOK—Current assets − total liabilities

RSI · 14 TECHNICAL——

Final valuation inputs

Final valuation details.

The exact worksheet figures, separated clearly so you can verify every input behind the screen result.

Growth Rate AVG—

50% Adjusted Growth—

AVG Diluted EPS—

Workbook Intrinsic Value—

Current Share Price—

Bargain—

Bargain Percentage—

Financial Book Health—

Screen resultWaiting for analysis

Your assumptions

Control the two numbers Graham says require judgment.

The growth-stock formula uses an expected annual growth rate over the next seven to ten years. TrendingWire can suggest a historical proxy, but you can replace it. Your margin of safety is also user-controlled.

Expected growth, g% per year

Margin of safetyYour required discount

Apply safety margin to

Your target buy price——

Classic Graham

Growth-stock valuation BOOK-VERIFIED

Normal earnings proxy (3-year avg EPS)—

Historical growth proxy—

Expected growth used—

Implied growth at market price—

Classic value—

Market-price discount to value—

Graham bargain test: value ≥ 1.5× price—

Your workbook

TrendingWire custom model CUSTOM

Average diluted EPS (up to 10 years)—

Average YoY EPS growth—

50% growth haircut—

Custom value—

Bargain amount—

Bargain % vs market price—

The 50% haircut and this custom multiplier are from your workbook, not a Graham formula.

Financial book health · final annual filing only

How healthy are the books?

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Score unavailable

Net Total Assets—Total assets − total liabilities

Net Current Assets—Current assets − current liabilities

Net Tangible Assets—Net assets excluding goodwill/intangibles

Total Assets—

Total Liabilities—

Net Total Assets—

Net Tangible Assets—

Current Assets—

Current Liabilities—

Net Current Assets—

Current Ratio—

Net Total Assets = Total Assets − Total Liabilities. Net Current Assets = Current Assets − Current Liabilities. Graham NCAV remains separate: Current Assets − Total Liabilities.

Asset value

Corrected balance-sheet formulas

Current assets—

Current liabilities—

Net current assets (CA − CL)—

Net total assets (TA − TL)—

Total liabilities—

NCAV / share—

Two-thirds NCAV buy threshold—

NAV / share—

NTA / share—

Current ratio—

NCAV uses current assets minus total liabilities. The two-thirds rule is a purchase threshold, not something multiplied inside NCAV.

Momentum

Kept separate from Graham valuation

RSI (14)—

50-day average—

200-day average—

RSI and moving averages are modern technical indicators. They are not part of Graham’s valuation method.

Defensive investor

Graham’s statistical tests

Historical size thresholds are shown as historical context, not automatically modernized. Industrial-company balance-sheet tests are not applied to financial firms.

Enterprising investor

Low-multiple screen

Where Graham’s original test used a specific historical year, TrendingWire labels any modern proxy rather than presenting it as the original rule.

Data provenance

Where each number came from

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Company classification

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Methodology

Three lenses.
Never blended silently.

The audited build keeps the book’s published formulas, your workbook modifications, and modern technical analysis in separate modules so a user always knows what they are looking at.

01 · BOOK

Classic Graham

Normal earnings multiplied by 8.5 plus twice expected growth. Expected growth is explicitly a forward assumption, not automatically a historical average.

V = Normal EPS × (8.5 + 2g)

02 · CUSTOM

Workbook Model

Your spreadsheet’s average EPS, average YoY growth and 50% growth haircut are preserved as a separate TrendingWire model instead of being attributed to Graham.

TW Value = Avg EPS × (8.5 + 50% × Avg YoY Growth)

03 · BOOK + TECH

Assets & momentum

NCAV and the Graham screens are book-based. RSI and moving averages remain a separate technical layer.

NCAV = Current Assets − Total Liabilities

Formula audit

What was corrected from the workbook build

Item	Audited formula / rule	Status
Growth-stock value	Normal EPS × (8.5 + 2g)	Book formula. g is expected annual growth for the next 7–10 years.
Past growth	Compare average EPS of latest 3 years with corresponding 3-year average 10 years earlier	Book method; TrendingWire also annualizes it as a historical proxy.
50% growth haircut	Avg YoY growth × 50%	Custom workbook assumption; not presented as Graham.
NCAV	(Current assets − Total liabilities) ÷ shares	Corrected. Workbook was using current liabilities in its NCA block.
NCAV bargain threshold	Price ≤ ⅔ × NCAV/share	Book practice; kept outside the NCAV calculation itself.
Defensive liquidity	Current assets ≥ 2 × current liabilities	Book rule for industrial companies.
Enterprising liquidity	Current assets ≥ 1.5 × current liabilities	Book rule for industrial companies.
NAV/share	(Total assets − Total liabilities) ÷ shares	Unit mismatch corrected.
NTA/share	(Assets − liabilities − goodwill − intangibles) ÷ shares	Uses tangible net assets rather than mixing crore/share units.
Margin of safety	User target = selected value × (1 − user MOS%)	User-controlled app tool. Book defines the principle, not one mandatory percentage.
Bargain %	(Value − Price) ÷ Price	Retained as workbook comparison; shown separately from MOS% of value.

Value, with themath visible.

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Valuation at a glance

What needs to pass

Final valuation details.

Control the two numbers Graham says require judgment.

Growth-stock valuation BOOK-VERIFIED

TrendingWire custom model CUSTOM

How healthy are the books?

Corrected balance-sheet formulas

Kept separate from Graham valuation

Graham’s statistical tests

Low-multiple screen

Where each number came from

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Three lenses.Never blended silently.

Classic Graham

Workbook Model

Assets & momentum

What was corrected from the workbook build

Value, with the
math visible.

Three lenses.
Never blended silently.