Stockopedia | Share Prices, Share News and Company Research

Don't miss out on our free "How to Make the Most of Stockopedia" Webinar this Wednesday May 29th - sign up details here
+ Create Screen



Fork it!

James Montier 'Unholy Trinity' Screen 47 Qualifying in UK


Buy New £13.61

This is a three point short selling screen based on the approach outlined by James Montier in 2008 to identify potential candidates in weak markets.   1. High Valuation (Price to Sales Ratio > 4) - Calling the Price to Sales ratio 'insane' as a valuation measure due to its lack of focus on profitability,  Montier first screened for companies trading at a multiple of at least 4 times sales. 2. Weak Fundamentals  (F Score < 4) -  With the valuation side covered, he then qualified this list by screening for the financially weak companies having a Piotroski F Score of 3 or less.  3. Poor Capital Discipline (Asset Growth > 10%) -  But unsatisfied with only focusing on high valuation and weak fundamentals, Montier also showed that company executives were often wasteful capital allocators; research showing that companies with low asset growth rates highly outperform companies with high asset growth rates by 13% annually.  To learn more about this strategy please click here »

Picture of James Montier

About James Montier

Former head of Global Strategy at Société Générale, now works for GMO. Author of 'Behavioural Investing' & 'Value Investing: Tools and Techniques for Intelligent Investment'.


Buy New £13.61

Value Investing Montier

by James Montier

The seductive elegance of classical finance theory is powerful, yet value investing requires that we reject both the precepts of modern portfolio theory (MPT) and pretty much all of its tools and techniques. This book explains how value investing is the only tried and tested method of delivering sustainable long-term returns.

This screen is based on a UK dataset. It uses the following criteria:

  • Piotroski F-Score < 4
  • P/S > 1
  • Asset Gwth % > 10

Results are sorted by:

  • Piotroski F-Score in ascending order


And limited to the first 100 Results

Can these rules be improved? Submit a suggestion »
Want to make your own version? Create a Fork!

James Montier 'Unholy Trinity' Screen Graphical History in

Returns

Timeframe Screen Returns FTSE 100 Outperformance
1 week 1.59% -0.50% 2.1%
1 month 0.04% 3.87% -3.8%
3 months -8.29% 5.03% -13.3%
6 months 8.24% 14.35% -6.1%
1 year -4.75% 26.35% -31.1%
Since inception -17.64% 24.0% -41.6%
Annualised -12.58%

Risk

Maximum Drawdown-32.06%
Average No. of Holdings20.2
Diversification LevelGood

 Chart based on an equal weighted portfolio of max 25 stocks rebalanced quarterly. Qualifying shares below updated daily. Past performance not indicative of future returns.

 Please note that 'short selling' strategies are designed to underperform the market - they are best used for hedging long portfolios rather than for absolute negative returns.


Please subscribe to see the companies that qualify for the James Montier 'Unholy Trinity' Screen Strategy.
Plans start from as little as 24.99 per month. 14 day FREE TRIAL available.

47 Qualifying in

Ticker Name Mkt Cap £m P/S Piotroski F-Score Asset Gwth % Sector
Subscriber Subscriber Energy  
Subscriber Subscriber Healthcare  
Subscriber Subscriber Utilities  
Subscriber Subscriber Energy  
Subscriber Subscriber Technology  
Subscriber Subscriber Energy  
Subscriber Subscriber Healthcare  
Subscriber Subscriber Basic Materials  
Subscriber Subscriber Basic Materials  
Subscriber Subscriber Energy  
Subscriber Subscriber Financials  
Subscriber Subscriber Healthcare  
Subscriber Subscriber Healthcare  
Subscriber Subscriber Consumer Cyclicals  
Subscriber Subscriber Basic Materials  
Subscriber Subscriber Technology  
Subscriber Subscriber Consumer Cyclicals  
Subscriber Subscriber Technology  
Subscriber Subscriber Technology  
Subscriber Subscriber Basic Materials  
Subscriber Subscriber Basic Materials  
Subscriber Subscriber Consumer Defensives  
Subscriber Subscriber Healthcare  
Subscriber Subscriber Healthcare  
Subscriber Subscriber Basic Materials  
Subscriber Subscriber Energy  
Subscriber Subscriber Energy  
Subscriber Subscriber Consumer Defensives  
Subscriber Subscriber Consumer Defensives  
Subscriber Subscriber Energy  
Subscriber Subscriber Financials  
Subscriber Subscriber Healthcare  
Subscriber Subscriber Energy  
Subscriber Subscriber Industrials  
Subscriber Subscriber Consumer Cyclicals  
Subscriber Subscriber Healthcare  
Subscriber Subscriber Basic Materials  
Subscriber Subscriber Energy  
Subscriber Subscriber Technology  
Subscriber Subscriber Energy  
Subscriber Subscriber Basic Materials  
Subscriber Subscriber Technology  
Subscriber Subscriber Financials  
Subscriber Subscriber Energy  
Subscriber Subscriber Energy  
Subscriber Subscriber Financials  
Subscriber Subscriber Telecoms  
COMPARE
DOWNLOAD

Can't see the share you expect? View this screen as a checklist to find out why.

You should consider the results of any screening process, including this one, as candidates for further research, not as a buy list. Screening helps to narrow a search based on pre-defined criteria. It is not a substitute for independent research reflecting your individual criteria for investing/trading. Please note that the screening criteria used represents Stockopedia's interpretation of the author's investment approach and are not determined or endorsed by the original strategist.



Read the Guide Watch the Video