Valuation

The Valuation tab rolls every holding's underlying-company fundamentals into one weighted picture of your portfolio. It reports how expensive, how high quality, and how fast growing your book is as a whole, with weighted multiples, fair-value, quality, growth, and balance-sheet aggregates. This page explains what the tab shows, how to read each figure, and how the weighting works. The Valuation tab is available on the Free, Pro Lite, and Pro plans.

Before you begin

Sign in on a plan that allows portfolios. The Valuation tab is available on Free, Pro Lite, and Pro.
Build a portfolio with at least one holding first. For the steps, see Build your first portfolio.
Some aggregates need company fundamentals to be present. Holdings without that data are excluded from a figure, which the coverage note for each section reports.

Quickstart

Open the Valuation tab
Go to the Valuation tab and select the portfolio you want to study.
Read the hero strip
Read the five headline figures at the top: total market value, blended fair value, the weighted discount or premium, the overall quant composite, and the share of weight currently graded a buy.
Scan the aggregates
Work down the eight paired metric sections to compare your book's multiples, quality, growth, and balance-sheet strength, and check each section's coverage note.

What it shows

The tab reads top to bottom in the following sections.

A header line stating the number of positions, the aggregate market value evaluated, whether the portfolio is manually tracked or connected through a brokerage, and an "as of" timestamp.
A hero strip of five headline figures: total market value, blended fair value of the book, the weighted discount or premium to that fair value, an overall quant composite score, and the share of portfolio weight that currently grades as a buy.
A fair-value bridge that walks from current market value to the blended fair value and lists the holdings contributing most to the gap, each with its weight, its discount or premium, and its rating.
Three rating distribution bars showing how your weight spreads across rating groups: a Wall Street analyst consensus distribution, the GNG rating distribution, and the GNG quant grade distributions for valuation, profitability, and growth.
Eight paired metric sections, each a list of weighted aggregates with a coverage note (the share of portfolio value backing that section):
- Valuation multiples: weighted trailing P/E, forward P/E, PEGY, P/B, P/S, and EV/EBITDA.
- Fair value and rating: blended fair value, discount to fair value, buy-grade weight, rating confidence, Wall Street percentile, and analyst discount to price target.
- Quality and safety: weighted Piotroski F-score, Altman Z-score, Beneish M-score, an overall safety score, bankruptcy risk, payout safety, leverage safety, and a global quant percentile.
- Profitability and returns on capital: weighted five-year gross, operating, and net margins, five-year ROE and ROIC, and three-year free-cash-flow margin.
- Growth: weighted five-year revenue and EPS CAGR, three-year free-cash-flow, operating-income, and book-value CAGR, and a forward growth rate.
- Balance-sheet strength: weighted debt-to-equity, net-debt-to-EBITDA, current ratio, interest coverage, and debt-to-capital.
- Earnings quality: weighted average EPS surprise over the trailing year, eight-quarter beat rate, the share of holdings with a five-year positive-EPS streak, and five-year EPS and revenue-growth volatility.
- Stability and capital efficiency: the share of holdings with a five-year positive free-cash-flow streak, weighted dividend-growth streak, five-year free-cash-flow coefficient of variation, and cash conversion cycle.
A revenue-growth-by-return-on-capital scatter plane that plots each holding by growth and quality, sized by weight, with portfolio medians marked.
An eight-pillar quant fingerprint radar comparing your portfolio's profile against the broad market across valuation, growth, profitability, momentum, revisions, technical, sentiment, and options pillars.
A footer noting that every metric is weighted by current position market value and that the coverage notes mark the share of portfolio value backing each section.

Inputs

This tab has no controls. It reads automatically for the portfolio you have selected. There are no filters, toggles, date pickers, or fields. Tooltips on the metric labels explain each figure on hover.

Outputs and how to read them

Weighted multiples (P/E, forward P/E, PEGY, P/B, P/S, EV/EBITDA): the value-weighted average valuation of the companies you own. Lower generally means a cheaper book, but read it alongside growth and quality.
Blended fair value and discount to fair value: GNG Research's estimate of what the book is worth versus its current market value. A positive discount means the portfolio trades below the blended fair value estimate (potential value); a negative number means it trades above (a premium). How the fair value is produced is proprietary; see the calculation note.
Buy-grade weight and rating confidence: the percentage of your portfolio weight currently rated a buy, and how confident those ratings are on average.
Quality, safety, profitability, growth, balance-sheet, earnings-quality, and stability aggregates: standard published fundamental measures, each value-weighted across your holdings. Higher safety, margins, returns on capital, and growth are generally better; lower leverage and lower earnings volatility are generally better.
Coverage notes: each section tells you how much of your portfolio value actually has data behind that figure. A low coverage note means the aggregate rests on a smaller slice of the book and should be read with caution.
Rating distributions, fair-value bridge, scatter plane, and radar: visual reads of where your weight concentrates by rating, which holdings drive the value gap, how growth and quality trade off across the book, and how the portfolio's overall quant fingerprint compares to the market.

How it is calculated

The weighting is transparent and the same for every figure on the tab. Each aggregate is a market-value-weighted average of one metric across the holdings that have data for it.

weighted value = sum over holdings of (weight × metric value)

In this formula, weight is each holding's market value divided by the total market value of the holdings that have data for the metric, and metric value is that holding's value of the metric. For example, a two-stock book with 70,000 dollars in a stock at a P/E of 20 and 30,000 dollars in a stock at a P/E of 10 has a weighted P/E of (0.70 × 20) + (0.30 × 10), which is 14 + 3, which is 17.0. The same weighting applies to every multiple, margin, growth rate, and safety aggregate, restricted to the holdings that have data for that metric, which is what the coverage note reports.

What stays proprietary

The blended fair value, the GNG Rating, the Safety and Quality scores, and the eight-pillar quant composite are GNG Research's own models. This tab tells you what each one measures, the high-level inputs it draws on (valuation multiples, balance-sheet and cash-flow fundamentals, earnings history, and analyst data), the scale it outputs, and how to read the result. The formula, coefficients, weights, and thresholds behind these scores are not published. For a fuller plain-language description of the valuation model and how to read each rating, see Fair value and valuation and the Ratings overview.

Data and timing

The underlying-company fundamentals (margins, growth, balance-sheet items, earnings history, and multiples) come from company financial data sourced from AlphaVantage and from public filings via EDGAR. The quotes that set current market values come from Nasdaq via AlphaVantage. The aggregates recompute as part of your portfolio's regular update and whenever you change a holding, so the "as of" timestamp in the header reflects the last recompute. If a portfolio is still recomputing, the tab states that the analytics are recomputing and asks you to check back shortly.

Use cases

See in one screen whether your portfolio as a whole is expensive or cheap, and against what quality and growth.
Spot which individual holdings drive the gap between your book's market value and its blended fair value.
Check concentration of low-quality or high-leverage names before adding more risk.
Compare your portfolio's overall growth-versus-quality profile and quant fingerprint to the broad market.

Limitations and disclosures

The aggregates are only as complete as the data behind them, which the coverage note reports for each section. The fair value and the GNG scores are model output, not price targets, and read best alongside the underlying-company research. This tab presents valuations and proprietary scoring, so the disclosure below applies.

GNG Research provides equity research and educational tools, not investment advice. Nothing on the platform is a recommendation to buy or sell any security. Do your own research and consider your circumstances before making any investment decision.