This is a tool used to screen a particular share on the NZX or ASX according to well-known guru criteria. The aim is to identify companies with strong growth and momentum but remain undervalued.
If the guru's criteria is fulfilled, this will be indicated with a 'PASS'.
If it is not fulfilled, this will be indicated with a 'FAIL'.
This allows you to gauge how many of the guru's criteria are fulfilled and judge whether or not the share should be purchased.
The spreadsheet also contains a Comparative Growth and Value Indicator calculator. It uses four pieces of information to determine if a company poses a good buying opportunity. It will also produce an optimal buying price, an 'accumulate to' point and an appropriate 'hold to' level (above which the share may be overvalued).