Graham demanded a fair price, Buffett a business worth owning. Every morning we score 1903 U.S. stocks on those two questions, kept separate: Health and Value. Out come two rankings, Avoid and Shortlist, and a model portfolio that combines the great value managers' convictions with the club's own value picks, rebalanced on its own.
Join the clubMonthly or annual membership · cancel anytime from your account.
Or try the screener — free →This is how people lose money buying discounted stocks: a company that looks cheap usually is cheap for a reason — a shrinking business, debt that suffocates, a margin that never comes back. The price does not recover. It keeps falling, and the discount widens as the business decays. That is a value trap, and it is the risk that belongs to this way of investing.
Most tools rank what looks attractive
An ordinary screener sorts by discount, by P/E, by yield — so it surfaces the cheapest names, traps included, often right at the top, since it is precisely their low price that puts them there.
We publish the opposite as well
Avoid is a daily ranking of the most fragile companies in that day's cohort. Not a quiet filter applied behind the scenes: a published list you can read and check every morning.
Because the two questions stay apart
A single score averages price and durability — and a bright half then hides a dark one. Health and Value are kept separate: when they disagree, you see it, instead of watching it vanish into one number.
We do not promise to find the winners. We show you every day what the method sets aside, and why it sets it aside.
Graham put a number on the discount: never pay more than a business is worth. Buffett added the harder condition — the business has to deserve owning in the first place. Their principles survive here, but they no longer get averaged into one number. A single score lets a bright half hide a dark one. We keep the two answers apart, and let you see when they disagree.
Return on capital, margins, leverage, interest cover, and how steady the earnings have been. Health estimates how unlikely a business is to fall apart — which is what keeps value traps out, the stocks that are cheap for a reason and stay that way. It is read against the whole cohort of the day, never against a fixed threshold.
P/E, price-to-book, EV/EBIT, free cash flow yield, discount to fair value. Value is not the mirror image of health: a fragile company can be cheap, and a solid one can be priced too high. That is precisely why the two are never merged.
Which criteria each score reads, and how a stock enters or leaves each ranking, are published — and taught in full in the curriculum. The exact weights, the thresholds and the calibration stay ours: that is where the work went, and where it keeps going. Every rule is re-tested as each year closes, and kept only if it still holds — the part nobody can copy from a screenshot.
A model portfolio that pairs the great value investors' convictions with three small/mid-cap value names the club selects, in equal weights, rebalanced on its own, every move dated. Not a race for returns: the robustness of a method that refuses to depend on a handful of stocks.
The same tool members use — minus the scores. A free account unlocks every filter and the full 1903-stock universe, recomputed each trading day.
Scores are computed from filed accounts and closing prices, taken straight from our data provider — not a single figure is typed in by hand. Each stock is scored against the whole universe on the day, using the accounts that were genuinely public on that date, so a company is never judged on numbers nobody had yet.
See the method →Real figures, the reasoning set out in full, written the way a manager writes to their own investors. Read a complete issue before you decide anything.
Buy a business for less than its cash and inventory net of every debt, and get the factories, the brand, and the profits for nothing. That is the net-net, Benjamin Graham's most extreme bargain. Here is how to find one, and why so few survive contact.
Stock analysisEarnings are an opinion; cash is a fact. Free cash flow yield asks the plainest question in valuation, how much real cash a business throws off for every dollar you pay. Here is how to compute it, and where it misleads.
MethodA highly profitable company attracts competition, which erodes that profitability, unless something protects it. That something has a name: the moat. Here are its five forms, and how it reads in the numbers.
A proprietary ranking rebuilt each morning from real figures, a watchlist that tells you when one of your stocks moves, a letter every month, and the Curriculum that explains how all of it works. Every figure on the site is one we measured, from filed accounts and closing prices.
See today's ranking →No. Value Investing Club is an information and education service. It gives no personalized advice and manages no money. Every decision remains yours, and investing carries a risk of losing capital.
Health estimates how well a business holds up. Value estimates whether the stock is cheap. Both are recomputed every morning, dated, and expressed out of 10, never merged into a single score: a score is not an absolute threshold, it is a position against the other stocks scored that day.
Yes. The top of the ranking, the screener and one complete issue of the letter are free to read. The rest opens when you join.
Because the fundamental data there is deep enough and clean enough to support a daily ranking you can rely on. Widening the universe without the same quality of data would make the method worse, not broader.
Yes — monthly or annually, depending on the plan you chose. You can stop it at any time from your account, and your access stays open until the end of the period you have already paid for.
There is one membership, and it opens everything: the daily ranking, the model portfolio, the advanced screener, the watchlist with alerts, the full Curriculum, the Casebook and the monthly letter. Nothing is held back for a higher tier, because there is no higher tier. You choose only how you pay — monthly or yearly.
billed once a year — about 6.2 months paid
billed every month, cancel any time
The full ranking, scores, alerts and the letter — every day, for a fixed price. No percentage of your capital, no hidden charges. Here is what that looks like.
| Capital invested | Membership, per year | What it weighs | Extra return needed to cover it |
|---|---|---|---|
| $10,000 | $149 | 1.49 % | +1.49 % |
| $25,000 | $149 | 0.60 % | +0.60 % |
| $50,000 | $149 | 0.30 % | +0.30 % |
| $100,000 | $149 | 0.15 % | +0.15 % |
For reference, an actively managed fund commonly charges 1% to 2% a year, on the whole of your capital, in good years and bad. On $100,000 that is $1,000 to $2,000 every year, against $149 here — for independent analysis, updated every trading day.
Pick your plan and your access opens the moment payment clears. Cancel whenever you like, from your account.
Choose my planAn information and education service — not personalized investment advice. Investing carries a risk of losing capital. A selection of U.S.-listed stocks (NYSE/NASDAQ).