I'm interested in creating a buy rule which compares the income tax paid (i.e., as a % of income or sales) to that paid by the industry peer group. Is this data available at the industry level, or is there a way to write a formula that will approximate it?
TaxRate%TTMInd is the industry-specific tax rate, where the tax rate is defined as the income tax expense divided by the income before taxes. So it wouldn't be difficult to use this factor along with TxRate% to write some sort of buy rules that would suit your purpose.
If you want a different sort of industry comparison, I'd advise you to use the Aggregate function with whatever item you need: Aggregate("formula",#industry). You can see more specifics about the various fields available here: https://www.portfolio123.com/doc/doc_detail.jsp?factor=Aggregate
Very helpful. Thank you.