Critivest calculates in the currency the stock is quoted in. Depending on the figure, Critivest uses balance sheet values, quarterly totals or fiscal years. If data is missing, it stays unknown and formulas that use it are not calculated.
Data freshness
Critivest updates prices and key figures at least once a day, and financial reports as soon as a new quarterly report is available. Data may be delayed, incomplete or incorrect.
Currency and units
- Amounts are in the major unit of the currency the stock is quoted in, such as British pounds rather than pence. Amounts from the financial reports are converted to this currency, so that market capitalization and balance sheet match.
- Share counts are numbers of shares; earnings per share are an amount per share.
- Rates are decimals: 0.15 means 15%.
Which periods are used?
-
Balance sheet items come from the latest balance sheet. If an item is missing there, Critivest
takes it from the balance sheets of the three quarters before. Share counts and items whose name starts with
Current, such asCurrentTotalDebt, come only from the latest balance sheet. - Income statement and cash flow items are totals of the last four quarters. Without four complete quarters, Critivest uses the latest fiscal year; a newer fiscal year takes precedence over older quarters.
-
Earnings per share and average share counts come from the fiscal year. Items whose name starts
with
LatestQuartershow the latest single quarter.
The calculation details below explain fiscal year comparisons, matching periods and age limits.
Why is a figure missing?
A missing value stays unknown: Critivest never assumes it is zero. A criterion that uses it cannot be evaluated and shows "n/a". Strategies list these criteria separately from those not met.
- The company or the data provider does not report an item, such as current assets for banks.
- The reports are too old or do not cover matching periods.
- The figure would not be meaningful: ratios to EBITDA exist only for a positive EBITDA, the return on invested capital only for a positive pretax income.
- The model does not fit the company: Critivest does not calculate the return on invested capital (ROIC), the Altman Z-score or the Piotroski F-score for banks, insurers and other financial companies, nor when the sector is unknown.
Calculation details
Matching fiscal years (Annual)
Items with Annual come from matching fiscal years, for example for the return on invested capital
(ROIC) or the Piotroski F-score. Their balance sheet dates must be 350 to 380 days apart.
Matching periods (CommonPeriod)
Items with CommonPeriod come from the same four quarters or the same fiscal year in the income
statement and the cash flow statement, for example to compare free cash flow with earnings.
Age limits
Values from the latest fiscal year, LatestQuarter and CommonPeriod are unavailable when
the selected period ends four or more quarters before the latest balance sheet. For Annual values,
ROIC, Altman and Piotroski, this limit applies to the latest fiscal year used; the required earlier years remain
included.
Ordinary four-quarter totals such as Revenue or NetIncome have no additional age check
against the latest balance sheet and may be older.
Debt and operating income
-
Debt (
CurrentTotalDebt) is the reported total debt including leases. If it is missing, Critivest adds up current and long-term debt when both are known. Customer deposits are not included. - EBIT is the standardized operating income; EBITDA is that before depreciation and amortization too.
Tax rates
The effective tax rate (EffectiveTaxRate) divides tax expense by pretax income without limiting
the result.
The annual rate AnnualEffectiveTaxRate, used for ROIC, requires positive pretax income and is limited
to 0 to 100%; a tax benefit counts as zero.
Goodwill
Goodwill may be estimated when a report shows it together with other intangible assets.
The page How it works explains the steps from the watchlist to the result.
Last updated: November 4, 2026