New ratios preview (ROIC, WACC, and more)

yuvaltaylor
Sun, 15 Feb 2026 20:51:58 +0000

marco:

Easier to just use 25% for everything.

Well, I believe that utilities, real estate, and financials are generally going to have lower tax rates than other companies. I think that's the reasoning behind using sectors. When I used that Aggregate command you pasted I got good present-day results using the Easy to Trade North America and Easy to Trade North Atlantic universes. For years I've been using TaxRate%IndTTM to adjust interest expense for unlevered free cash flow. And for years I've been wishing for something more consistent. Sector definitely is.