# Graham Enterprising

# Graham Enterprising — scoring rules

Source: Benjamin Graham, *The Intelligent Investor*, chapter 15 ("Stock Selection for the Enterprising Investor"), plus his net-current-asset ("net-net") test from chapter 15 and *Security Analysis*. The defensive investor's tests are the separate "Graham Defensive" philosophy.

Score 0–100 = sum of points below. Inputs are SEC XBRL facts, each with its filing; missing inputs make a test `insufficient`. Financials are not scored.

| # | Test | Points | Scoring | Inputs |
|---|---|---|---|---|
| 1 | Current ratio >= 1.5 | 15 | linear: 1.0 -> 0, 1.5 -> 15 | AssetsCurrent / LiabilitiesCurrent |
| 2 | Total borrowings <= 110% of working capital (current assets minus current liabilities) | 15 | linear: 1.1x -> 15, 2.2x -> 0; working capital not positive -> 0 | borrowings as in Magic Formula |
| 3 | No earnings deficit in the last 5 years | 15 | 3 points per profitable year; five consecutive years required | NetIncomeLoss |
| 4 | Pays a current dividend | 10 | pass/fail | Yahoo Finance ex-dividend history |
| 5 | EPS higher than five years earlier | 10 | pass/fail | EarningsPerShareDiluted (split-adjusted) |
| 6 | Price <= 120% of book value per share | 20 | linear: 1.2 -> 20, 2.4 -> 0; equity not positive -> 0 | StockholdersEquity, point-in-time share count |
| 7 | Price vs net current asset value per share, where NCAV = current assets minus ALL liabilities | 15 | linear: price <= 0.67 x NCAV -> 15, 1.5 x -> 0; NCAV not positive -> 0 | AssetsCurrent, Liabilities |

Deviations from Graham, stated: test 6 uses book value, not net tangible assets, because intangibles are not separated in the dataset, so it is stricter than Graham's; test 2 reads "net current asset value" in Graham's debt rule as working capital; Graham's absolute dollar and P/E thresholds are the original ones, not inflation-adjusted.


## Top 50 (2026-10-26)

- DD DuPont De Nemours, Inc.: 79.7 · https://theclaudetrader.com/s/DD
- ALB Albemarle Corp: 69.0 · https://theclaudetrader.com/s/ALB
- FOX Fox Corp: 68.6 · https://theclaudetrader.com/s/FOX
- NWS News Corp: 68.5 · https://theclaudetrader.com/s/NWS
- CTSH Cognizant Technology Solutions Corp: 68.4 · https://theclaudetrader.com/s/CTSH
- BG Bunge Global Sa: 67.4 · https://theclaudetrader.com/s/BG
- ZBH Zimmer Biomet Holdings, Inc.: 65.2 · https://theclaudetrader.com/s/ZBH
- AMAT Applied Materials Inc: 65.0 · https://theclaudetrader.com/s/AMAT
- AOS Smith A O Corp: 65.0 · https://theclaudetrader.com/s/AOS
- CBOE Cboe Global Markets, Inc.: 65.0 · https://theclaudetrader.com/s/CBOE
- CF CF Industries Holdings, Inc.: 65.0 · https://theclaudetrader.com/s/CF
- CMI Cummins Inc: 65.0 · https://theclaudetrader.com/s/CMI
- FAST Fastenal Co: 65.0 · https://theclaudetrader.com/s/FAST
- GOOGL Alphabet Inc.: 65.0 · https://theclaudetrader.com/s/GOOGL
- GWW W.W. Grainger, Inc.: 65.0 · https://theclaudetrader.com/s/GWW
- KLAC KLA Corp: 65.0 · https://theclaudetrader.com/s/KLAC
- NUE Nucor Corp: 65.0 · https://theclaudetrader.com/s/NUE
- NVDA Nvidia Corp: 65.0 · https://theclaudetrader.com/s/NVDA
- ODFL OLD Dominion Freight Line, Inc.: 65.0 · https://theclaudetrader.com/s/ODFL
- REGN Regeneron Pharmaceuticals, Inc.: 65.0 · https://theclaudetrader.com/s/REGN
- RL Ralph Lauren Corp: 65.0 · https://theclaudetrader.com/s/RL
- RMD Resmed Inc: 65.0 · https://theclaudetrader.com/s/RMD
- ROST Ross Stores, Inc.: 65.0 · https://theclaudetrader.com/s/ROST
- SNA Snap-on Inc: 65.0 · https://theclaudetrader.com/s/SNA
- STLD Steel Dynamics Inc: 65.0 · https://theclaudetrader.com/s/STLD
- TECH Bio-techne Corp: 65.0 · https://theclaudetrader.com/s/TECH
- VLO Valero Energy Corp: 65.0 · https://theclaudetrader.com/s/VLO
- WST West Pharmaceutical Services Inc: 65.0 · https://theclaudetrader.com/s/WST
- ADM Archer-Daniels-Midland Co: 64.4 · https://theclaudetrader.com/s/ADM
- QCOM Qualcomm Inc: 64.4 · https://theclaudetrader.com/s/QCOM
- META Meta Platforms, Inc.: 63.5 · https://theclaudetrader.com/s/META
- GD General Dynamics Corp: 63.2 · https://theclaudetrader.com/s/GD
- ACN Accenture Plc: 62.8 · https://theclaudetrader.com/s/ACN
- CTAS Cintas Corp: 62.7 · https://theclaudetrader.com/s/CTAS
- CHRW C. H. Robinson Worldwide, Inc.: 62.5 · https://theclaudetrader.com/s/CHRW
- FSLR First Solar, Inc.: 62.1 · https://theclaudetrader.com/s/FSLR
- MU Micron Technology Inc: 62.0 · https://theclaudetrader.com/s/MU
- HRL Hormel Foods Corp: 61.8 · https://theclaudetrader.com/s/HRL
- OXY Occidental Petroleum Corp: 61.7 · https://theclaudetrader.com/s/OXY
- VRT Vertiv Holdings Co: 61.4 · https://theclaudetrader.com/s/VRT
- TEL TE Connectivity Plc: 61.2 · https://theclaudetrader.com/s/TEL
- TSCO Tractor Supply Co: 60.0 · https://theclaudetrader.com/s/TSCO
- INTU Intuit Inc.: 59.7 · https://theclaudetrader.com/s/INTU
- NEM Newmont Corp: 59.0 · https://theclaudetrader.com/s/NEM
- IEX Idex Corp: 58.6 · https://theclaudetrader.com/s/IEX
- PYPL PayPal Holdings, Inc.: 58.6 · https://theclaudetrader.com/s/PYPL
- SWKS Skyworks Solutions, Inc.: 58.5 · https://theclaudetrader.com/s/SWKS
- GLW Corning Inc: 58.4 · https://theclaudetrader.com/s/GLW
- DOV Dover Corp: 58.1 · https://theclaudetrader.com/s/DOV
- STE Steris Plc: 57.8 · https://theclaudetrader.com/s/STE