AI · Berkshire Doctrine — Fair value
A slow-moving intrinsic anchor per name — earnings power and discounted cash flow, residual income for banks — answering what to pay, never when to trade.
0 unheld undervalued 17 held growth-priced-in 5 bargains ★
| Ticker | Name | Close | FV/sh | Method | MoS | Verdict | Quality | F | Bargain | |
|---|---|---|---|---|---|---|---|---|---|---|
| ALLY H | ALLY FINL INC | 37.59 | 46.06 | ResInc | +18% | UNDERVALUED | 23.0 | 6 | ||
| CB H | CHUBB LIMITED | 356.27 | 340.98 | ResInc | -4% | OVERVALUED VS RI | 22.0 | 6 | ||
| LEN H | LENNAR CORP | 75.87 | 70.23 | EPV | -8% | GROWTH PRICED IN | 27.0 | 4 | ||
| JEF H | JEFFERIES FINANCIAL GROUP IN | 43.60 | 39.96 | ResInc | -9% | OVERVALUED VS RI | 21.0 | 5 | ||
| BAC H | BANK OF AMER CORP | 50.39 | 43.12 | ResInc | -17% | OVERVALUED VS RI | 28.0 | 7 | ||
| COF H | CAPITAL ONE FINL CORP | 199.83 | 163.94 | ResInc | -22% | OVERVALUED VS RI | 12.0 | 7 | ||
| KR H | KROGER CO | 63.05 | 51.18 | DCF | -23% | GROWTH PRICED IN | 13.0 | 7 | ||
| NVR H | NVR INC | 5828.00 | 4475.29 | EPV | -30% | GROWTH PRICED IN | 16.5 | 4 | ||
| M H | MACYS INC | 23.60 | 18.09 | EPV | -30% | FAIR | 5.0 | 7 | ||
| AXP H | AMERICAN EXPRESS CO | 316.41 | 231.00 | ResInc | -37% | OVERVALUED VS RI | 18.0 | 7 | ||
| DHI H | D R HORTON INC | 135.31 | 89.04 | EPV | -52% | GROWTH PRICED IN | 19.0 | 5 | ||
| KHC H | KRAFT HEINZ CO | 23.17 | 15.21 | EPV | -52% | FAIR | 20.0 | 5 | ||
| OXY H | OCCIDENTAL PETE CORP | 62.72 | 39.40 | EPV | -59% | FAIR | 14.0 | 8 | ||
| GOOG H | ALPHABET INC | 340.16 | 205.38 | EPV | -66% | GROWTH PRICED IN | 8.0 | 5 | ||
| GOOGL H | ALPHABET INC | 344.18 | 205.38 | EPV | -68% | GROWTH PRICED IN | 10.0 | 5 | ||
| DAL H | DELTA AIR LINES INC | 74.63 | 43.95 | EPV | -70% | FAIR | 11.0 | 7 | ||
| CVX H | CHEVRON CORPORATION | 224.37 | 114.61 | EPV | -96% | FAIR | 16.5 | 5 | ||
| MCO H | MOODYS CORP | 481.26 | 238.89 | ResInc | -101% | OVERVALUED VS RI | 3.0 | 8 | ||
| NUE H | NUCOR CORP | 260.73 | 128.56 | EPV | -103% | GROWTH PRICED IN | 7.0 | 8 | ||
| NYT H | NEW YORK TIMES CO MTN BE | 68.07 | 28.01 | EPV | -143% | FAIR | 1.5 | 9 | ||
| SIRI H | SIRIUSXM HOLDINGS INC | 26.84 | 10.24 | EPV | -162% | FAIR | 15.0 | 7 | ||
| KO H | COCA COLA CO | 93.42 | 28.20 | EPV | -231% | GROWTH PRICED IN | 6.0 | 9 | ||
| DVA H | DAVITA INC | 187.00 | 55.86 | EPV | -235% | FAIR | 9.0 | 6 | ||
| VRSN H | VERISIGN INC | 306.48 | 88.64 | EPV | -246% | GROWTH PRICED IN | 4.0 | 7 | ||
| AAPL H | APPLE INC | 342.94 | 81.80 | EPV | -319% | GROWTH PRICED IN | 1.5 | 9 | ||
| LPX H | LOUISIANA PAC CORP | 70.69 | 8.16 | EPV | -767% | GROWTH PRICED IN | 29.0 | 5 | ||
| LLYVK H | LIBERTY LIVE HOLDINGS INC | 98.05 | -23.49* | EPV | — | n/a · no data | 24.5 | 5 | ||
| LLYVA H | LIBERTY LIVE HOLDINGS INC | 94.87 | -23.49* | EPV | — | n/a · no data | 24.5 | 5 | ||
| LEN-B H | LENNAR CORP | 75.25 | 70.23* | EPV | — | n/a · no data | 26.0 | 4 |
How to read this table
- Ticker · H
- The exchange symbol; an H pill marks a name this book currently holds.
- Close
- The latest settled market price — what the stock costs today.
- FV/sh (fair value per share)
- Our estimate of what one share is intrinsically worth, from the company's own earnings power and cash flow — a slow-moving anchor refreshed with quarterly results, deliberately independent of the day's price action.
- Method
- How that fair value was computed: EPV (earnings power value — what steady current earnings are worth, assuming no growth), DCF (discounted cash flow — future cash flows brought back to today's dollars), or Bank (residual income — the right framework for banks, whose "cash flow" is not comparable to an industrial's).
- MoS (margin of safety)
- How far the price sits below fair value, as a percentage — the discount you get for buying today. Positive (teal) = priced below fair value; negative (red) = priced above it. The bar makes the size of the gap scannable.
- Verdict
- UNDERVALUED — price below the fair-value anchor. FAIR — above the anchor but still below the growth-inclusive DCF value. GROWTH PRICED IN — the price already assumes the optimistic growth case plays out. OVERVALUED VS RI — a bank trading above its residual-income value. When no verdict applies, the pill says why: n/a · currency — the listing trades in a different currency than the company reports in (typically an ADR: the price is USD per depositary share, the statements aren't), so price and fair value can't honestly be compared and the MoS is withheld (the FV/sh shown* is in the reporting currency); n/a · ETF — a fund holds other assets, so company-earnings frameworks don't apply; n/a · no data — not enough fundamentals to compute a fair value. n/a rows carry no valuation force downstream.
- Quality
- The name's rank within this book on a composite of five quality measures: return on invested capital, gross profitability, free-cash-flow yield, revenue growth, and the F-Score. Earlier letters = higher quality.
- F (Piotroski F-Score)
- A 0–9 checklist of accounting health — profitability, improving balance sheet, operating efficiency. 7–9 is strong; below 4 is a warning.
How valuation is used
Valuation re-ranks and resizes technical buy candidates by a bounded amount and can amplify a signal-based sell — it never originates a trade on its own. A richly priced name that is trending is not a sell case; a cheap one with no signal is not a buy case. n/a rows (ETFs, currency mismatches) carry no valuation force.