Returnolio

Most screeners stop at accounting profit. Returnolio measures true economic profit with RTEP, our own formula: it charges every business its full cost of capital and counts R&D as investment. Each month we publish the Top 10 we hold, with the thesis, the risks and the track record. Behind it is one investing model, backtested on 13 years of point-in-time data, in public. Company pages are visual: fair value from up to four methods on one chart, and a reliability score for company guidance.