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Registered User
Joined: 1/27/2010
Posts: 10
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I am trying to write a PCF that will serve as a value indicator. By Definition a price to book value of less than "one" would indicate that the stock is undervalued. The basic formula is
Market Price Per Share = Price to Book Ratio.
Book Value per Share
The formula to determine Book Value is:
Total Assets - (Minus) Total Liabilities = Book Value per Share
Number of Shares outstanding
Is the Total Number of Shares outstanding available in the database? If so, how is it represented either in realcode or in a PCF formula.
Thanks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The Price to Book Ratio, Current Book Value per Share and Shares Outstanding are all available already as Indicators in StockFinder Platinum.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 1/27/2010
Posts: 10
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I wanted to use this as a sort criteria in the new Telechart 2011.....
It is a little clumsy to bring the watch list over from Telechart to stockfinder and then sort again. Perhaps the book value per share can be included in the updates of TC2011.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I supplied a StockFinder Platinum solution as it is the only product using Realcode and you had indicated you wanted this "either in realcode or in a PCF formula." TeleChart's Personal Criteria Formula Language does not currently have syntax for referencing fundamentals and neither TeleChart nor the TC2000.com version 11 beta currently carries historical fundamentals to use as indicators.
All questions, comments and suggestions related to the TC2000.com version 11 beta should be addressed to:
feedback@tc2000.com
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 9/30/2008
Posts: 11
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HI. can you help me with the following PCF please
all stocks where the book value is +/- 20 percent to the current stock price. thank you
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
While the current Book Value per Share is available as a fundamental system criteria in TC2000 which can be used as a sort or in an EasyScan, there is no automated method available to compare the Book Value to Price. The Personal Criteria Formula Language does not have syntax for referencing fundamentals.
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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