NetNetScanner calculates screening measures from cached financial statements, quotes, and company metadata. The tables combine observations from different reporting periods; they are research aids rather than real-time valuations.
Data sources and coverage
Financial statements, company metadata, and quotes are collected primarily through Yahoo Finance using yfinance. The application also supports Financial Modeling Prep data and an optional fallback. Coverage is maintained through a Finviz-based symbol refresh and local inclusion and exclusion rules. A missing symbol may reflect coverage policy, unavailable data, or removal from the active universe.
These services supply normalized data. Check important numbers against the issuer's original reports using SEC EDGAR and the company's investor-relations website. See the SEC's guide to reading a 10-K for the financial statements, notes, and risk disclosures to review.
Asset values per share
| Measure | Calculation used |
|---|---|
| Net cash | (Cash and short-term investments − total liabilities) ÷ shares outstanding |
| Net current asset value (NCAV) | (Current assets − total liabilities) ÷ shares outstanding |
| Net tangible asset value | (Total assets − goodwill and intangible assets − total liabilities) ÷ shares outstanding |
These are reported-data measures. NCAV does not apply recovery discounts to receivables or inventory. A liquidation scenario requires separate assumptions about recovery, selling costs, obligations, and timing. Follow the worked NCAV example and the comparison of asset measures.
Earning power and averages
Adjusted earning power capitalizes net income using the configured rate of 10.5%, then divides by shares outstanding. The EBITDA-based earning-power measure uses the same rate. This is a model assumption, not a quoted market yield, forecast, or company-specific cost of capital. EBITDA does not deduct all costs borne by shareholders.
The Earning Metrics table compares averages from up to five annual or quarterly periods, with at least three observations required. The average earning-power comparison separately presents its 5Y and 5Q views. Review the statement dates, available periods, and earning-power explanation before comparing companies.
Rankings and events
The composite screen combines component ranks for net cash, NCAV, tangible assets, adjusted earning power, dividends, and current-asset burn. Lower composite scores rank better. Missing components and differences in the coverage universe affect comparisons; a composite score is not an expected return.
The default composite calculation includes USD financials, requires positive five-year average EBITDA and at least three component ranks, excludes annual share growth above 100%, and assigns a penalty of 900 for each missing component. These eligibility rules describe this screen, rather than the entire site's coverage.
Share changes, short-interest changes, and volume events reflect changes in cached observations. Share counts can change because of splits, issuance, repurchases, or source revisions. Short-interest observations have their own reporting schedule. Confirm an apparent event in the issuer's disclosures before assigning a cause.
Dates, currency, and updates
Collection and ranking jobs normally run daily; financial-statement refreshes are scheduled weekly. These schedules do not guarantee that a provider has published new data or that every job succeeded. The statement date describes the reporting period, the price date describes the quote, and a calculation date describes a derived result. A newly calculated result can still use an older statement.
Check financial currency against trading currency before comparing a per-share asset value with a price. Currency badges identify financial-statement currencies where available; they do not certify an exchange-rate adjustment. Missing values are not zero. Some tables have narrower data requirements and therefore show fewer companies.
Checking an unexpected result
Compare the symbol, currency, statement period, units, and share count with the original filing. Look for a split, a new financing, a restatement, or a provider revision. Review the net-net risk worksheet and record the source and date for each material adjustment.