This screen implements the criteria laid out by Kenneth Fisher in his 1984 Dow Jones book, "Super Stocks". The main criteria used by Fisher was the price-to-sales ratio (PSR). Fisher argued that stocks with PSRs below 1.5 are good value while the real winners are those with PSR values under 0.75. The exception to this was “smokestack” industries which don’t generate a lot of excitement, for which the PSR target should be between 0.4 and 0.8. The other criteria he highlighted were: Profit margins - He wanted three-year average net margins to be at least 5% The debt/equity ratio - This should be no greater than 40 percent, and is not applied to financial firms) Earnings growth - The inflation-adjusted long-term EPS growth rate should be at least 15% per year). An optional criterion (to be used in the technology and medical industries) was: Price to Research Ratio - Less than 5% was the best case, and those between 5 and 10% were still indicative of bargains. Less than 15 percent was borderline. To learn more about this strategy please click here »
Founder, chairman, and CEO of Fisher Investments. Author of 'Super Stocks'
Super Stocks
by Kenneth L. Fisher
Kenneth Fisher's 1984 book was seminal in identifying the significance of the price-to-sales ratio (PSR) as a value indicator.
This screen is based on a UK dataset.
It uses the following criteria:
Results are sorted by:
And limited to the first 200 Results
| Timeframe | Screen Returns | FTSE 100 | Outperformance |
|---|---|---|---|
| 1 week | 0.60% | 1.97% | -1.4% |
| 1 month | 4.04% | 7.46% | -3.4% |
| 3 months | -3.36% | 5.90% | -9.3% |
| 6 months | 3.67% | 17.74% | -14.1% |
| 1 year | 0.65% | 28.25% | -27.6% |
| Since inception | -1.95% | 25.9% | -27.9% |
| Annualised | -1.36% |
| Maximum Drawdown | -18.96% |
| Average No. of Holdings | 6 |
| Diversification Level | Low |
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.
| Ticker | Name | Mkt Cap £m | P/S | Net Mgn % 5y Avg | Gearing % | FCF | EPS 5y CAGR % | # Brokers | Sector | |
|---|---|---|---|---|---|---|---|---|---|---|
| Subscriber | Subscriber | Consumer Cyclicals | ||||||||
| Subscriber | Subscriber | Technology | ||||||||
| Subscriber | Subscriber | Industrials | ||||||||
| Subscriber | Subscriber | Basic Materials | ||||||||
| Subscriber | Subscriber | Basic Materials | ||||||||
| Subscriber | Subscriber | Consumer Cyclicals | ||||||||
| COMPARE | ||||||||||
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