New ratios preview (ROIC, WACC, and more)

SZ
Sun, 15 Feb 2026 13:59:28 +0000

One thing I will add is I noticed some pointed out you need market value of equity for cost of equity but one can also point out market value of debt is the correct way and we do not have that data. There can be quite large differences between book value of debt and market value when credit quality improves, deteriorates, or rates do (I would know as I used to help auction off bad debt). It was common for me to see 80% haircuts. You could have the quantitative impression an issuer is safe while in reality they are distressed. When you apply it to large buckets these few troubled ones would sneak in

Separately, always happy to get additional metrics as long as the labeling for original ones does not overlap with standard terms. If it is original we just need to label it differently. If we do standard ones differently I do agree with Yuval credibility takes a hit in the eyes of trained users with the accounting knowhow. The great thing about Portfolio123 is we get to create custom formulas too so as long as we have the building blocks I am happy, but others may just like to use standard factors and will have a certain expectation

Very thankful for all the efforts to add useable metrics