# STX · Seagate Technology Holdings Plc

Snapshot 2026-10-26 · CIK 0001137789 · Nasdaq · Computer Storage Devices

Price 630.49 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 142.9 B

Machine-readable: https://theclaudetrader.com/s/STX.json · index: https://theclaudetrader.com/llms.txt

## Scores

### Graham Defensive: 35.0 (partial: 3, 5, 6) · complete: False · missing tests: 3, 5, 6 · current inputs as of 2026-07-03 · stale inputs: none · history 2014–2025 · price 2026-10-23 · verification {'verified': 11, 'mismatch': 0, 'unverified': 17, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham
- 1 Adequate size: 12.2 revenue $B · threshold >= 1 · points 5.0/5
- 2a Current ratio: 1.67  · threshold >= 2.0 · points 10.0/15
- 2b Long-term debt vs working capital: 1.61 LTD / WC · threshold <= 1.0 · points 5.8/15
- 3 Positive earnings each of 10 years: 8 years reported  · threshold 10 of 10 · points None/15
- 4 Dividends every year for 20 years: 19 of 20  · threshold 20 of 20 · points 14.25/15
- 5 EPS growth, 3-yr avg now vs 10 yrs ago: None  · threshold >= +33% · points None/10
- 6 P/E on 3-year average EPS: None  · threshold <= 15 · points None/15
- 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 65.94  · threshold <= 1.5 or <= 22.5 · points 0.0/10

Inputs:
  - Price (close, per traded unit): 630.49 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Revenue: 12195000000.0 · 2026-07-03 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - current_assets: 5221000000.0 · 2026-07-03 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - current_liabilities: 3127000000.0 · 2026-07-03 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - lt_debt: 3380000000.0 · 2026-07-03 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - equity: 2167000000.0 · 2026-07-03 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Net income FY2016: 248000000.0 · 2016-07-01 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1137789/000119312518238271/ · unverified
  - Net income FY2017: 1182000000.0 · 2018-06-29 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1137789/000113778920000057/ · unverified
  - Net income FY2018: 2012000000.0 · 2019-06-28 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1137789/000113778921000049/ · unverified
  - Net income FY2020: 1004000000.0 · 2020-07-03 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1137789/000113778922000055/ · unverified
  - Net income FY2021: 1314000000.0 · 2021-07-02 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1137789/000113778923000049/ · unverified
  - Net income FY2022: 1649000000.0 · 2022-07-01 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001137789-26-000207) · https://www.sec.gov/Archives/edgar/data/1137789/000113778924000068/ · unverified
  - Net income FY2023: 335000000.0 · 2024-06-28 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001137789-26-000207) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Net income FY2024: 1469000000.0 · 2025-06-27 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001137789-26-000207) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Dividend years (Yahoo): [2003, 2004, 2005, 2006, 2007, 2008, 2009, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/STX/history?filter=div · verified (partly: XBRL covers 10 of 20 years)
  - Dividends per share FY2013 (XBRL): 1.67 · 2014-06-27 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1137789/000104746916014732/ · verified
  - Dividends per share FY2015 (XBRL): 2.05 · 2015-07-03 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1137789/000119312517248796/ · verified
  - Dividends per share FY2016 (XBRL): 2.43 · 2016-07-01 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1137789/000119312518238271/ · verified
  - Dividends per share FY2017 (XBRL): 2.52 · 2018-06-29 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1137789/000113778920000057/ · verified
  - Dividends per share FY2018 (XBRL): 2.52 · 2019-06-28 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1137789/000113778921000049/ · verified
  - Dividends per share FY2020 (XBRL): 2.58 · 2020-07-03 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1137789/000113778922000055/ · verified
  - Dividends per share FY2021 (XBRL): 2.66 · 2021-07-02 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1137789/000113778923000049/ · verified
  - Dividends per share FY2022 (XBRL): 2770000.0 · 2022-07-01 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1137789/000113778924000068/ · verified
  - Dividends per share FY2023 (XBRL): 2.8 · 2024-06-28 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · verified
  - Dividends per share FY2024 (XBRL): 2.86 · 2025-06-27 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · verified
  - EPS diluted FY2015: 5.26 · 2015-07-03 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1137789/000119312517248796/ · unverified
  - EPS diluted FY2016: 0.82 · 2016-07-01 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1137789/000119312518238271/ · unverified
  - EPS diluted FY2023: 1.58 · 2024-06-28 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - EPS diluted FY2024: 6.77 · 2025-06-27 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Shares outstanding: 226644518.0 · 2026-07-31 · SEC cover page 10-K 0001137789-26-000159 (226,644,518 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/stx-20260703.htm · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/R1.htm

### Magic Formula: 42.7 (ok) · complete: True · missing tests: none · current inputs as of 2026-07-03 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula
-  Earnings yield (EBIT/EV): 2.83 % · threshold  · points /
-  Return on capital (EBIT/(NWC+PPE)): 99.18 % · threshold  · points /
-  Combined rank: 196  · threshold  · points /

Inputs:
  - operating_income: 4094000000.0 · 2026-07-03 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/
  - current_assets: 5221000000.0 · 2026-07-03 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/
  - current_liabilities: 3127000000.0 · 2026-07-03 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/
  - cash: 1704000000.0 · 2026-07-03 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/
  - ppe_net: 2034000000.0 · 2026-07-03 · SEC XBRL PropertyPlantAndEquipmentNet · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/
  - lt_debt: 3380000000.0 · 2026-07-03 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/
  - debt_lt_current: 185000000.0 · 2026-07-03 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/
  - shares_out: 226644518.0 · 2026-07-31 · SEC cover page 10-K 0001137789-26-000159 (226,644,518 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/stx-20260703.htm · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/R1.htm
  - Price (close): 630.49 · 2026-10-23 · Yahoo Finance / Alpaca Market Data · 
  - note: debt = LongTermDebtNoncurrent + LongTermDebtCurrent ·  ·  · 
  - note: EBIT = fiscal year ending 2026-07-03: no quarter reported since, so the annual figure is the trailing twelve months ·  ·  · 

### Momentum: 70.9 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum
-  12-1 month return: 310.1 % · threshold  · points 49.6/50
-  6 month return: 7.5 % · threshold  · points 11.9/20
-  Price / 52-week high: 0.577  · threshold  · points 8.7/15
-  Volatility penalty (60d annualised): 67.0 % · threshold  · points 0.7/15

Inputs:
  - Adjusted close series (14 months): 630.49 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · 

### Insider: 0.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider
-  Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold  · points 0.0/35
-  Distinct buyers: 0  · threshold  · points 0.0/25
-  Buyer seniority: 0.0  · threshold  · points 0.0/20
-  Recency (half-life 30d): 0.0  · threshold  · points 0.0/10
-  Sales penalty (excludes 10b5-1 plan sales): 11.57 bp · threshold  · points -9.7/0

Inputs:
  - Form 4 S Morris John Christopher 2026-09-15: 11941685.825 · 2026-09-15 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000250/
  - Form 4 S MOSLEY WILLIAM D 2026-09-15: 75584205.495 · 2026-09-15 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000252/
  - Form 4 S Romano Gianluca 2026-09-15: 38595259.36 · 2026-09-15 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000254/
  - Form 4 S MOSLEY WILLIAM D 2026-09-14: 1460704.7925 · 2026-09-14 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000239/
  - Form 4 S Morris John Christopher 2026-09-14: 384951.0825 · 2026-09-14 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000242/
  - Form 4 S MOSLEY WILLIAM D 2026-09-10: 1134360.705 · 2026-09-10 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000222/
  - Form 4 S MOSLEY WILLIAM D 2026-09-10: 1322076.355 · 2026-09-10 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000222/
  - Form 4 S Romano Gianluca 2026-09-10: 711688.315 · 2026-09-10 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000223/
  - Form 4 S Romano Gianluca 2026-09-10: 450462.925 · 2026-09-10 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000223/
  - Form 4 S Morris John Christopher 2026-09-10: 218118.88999999998 · 2026-09-10 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000224/
  - Form 4 S Morris John Christopher 2026-09-10: 275238.195 · 2026-09-10 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000224/
  - Form 4 S MOSLEY WILLIAM D 2026-08-21: 2881632.2125 · 2026-08-21 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000182/
  - Form 4 S MOSLEY WILLIAM D 2026-08-21: 9604449.8 · 2026-08-21 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000182/
  - Form 4 S MOSLEY WILLIAM D 2026-08-21: 2919852.9625 · 2026-08-21 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000182/
  - Form 4 S Romano Gianluca 2026-08-21: 1248969.175 · 2026-08-21 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000183/
  - Form 4 S Romano Gianluca 2026-08-21: 4162452.0125 · 2026-08-21 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000183/
  - Form 4 S Romano Gianluca 2026-08-21: 2297491.75 · 2026-08-21 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000183/
  - Form 4 S Lee James CI 2026-08-21: 2136964.6 · 2026-08-21 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000185/
  - Form 4 S Lee James CI 2026-08-21: 641259.25 · 2026-08-21 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000185/
  - Form 4 S Lee James CI 2026-08-21: 567153.4625 · 2026-08-21 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000185/
  - Form 4 S Teh Ban Seng 2026-08-13: 1255349.07 · 2026-08-13 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000173/
  - Form 4 S Teh Ban Seng 2026-08-13: 5522680.28 · 2026-08-13 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000173/
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 

### Buffett Quality: 75.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-07-03 · stale inputs: none · history 2018–2026 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 38, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett
- 1 Average return on equity (net income / year-end equity): 348.0% over 6 yrs  · threshold >= 15% · points 25.0/25
- 2 Profitable every year: 8 of 8  · threshold all years · points 15.0/15
- 3 Net income growth, 3-yr average now vs start of window: +2.9% a year  · threshold >= +10% · points 2.9/10
- 4 Borrowings / 3-yr average earnings (years to repay): 2.1 years · threshold <= 4 · points 15.0/15
- 5 Operating margin, 5-yr average: 19.3%  · threshold >= 20% · points 9.4/10
- 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 0.88  · threshold >= 1.0 · points 7.7/10
- 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 1.1%  · threshold >= 7% · points 0.0/15

Inputs:
  - Price (close, per traded unit): 630.49 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Net income FY2017: 1182000000.0 · 2018-06-29 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1137789/000113778920000057/ · unverified
  - Equity at FY2017 end: 1665000000.0 · 2018-06-29 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1137789/000113778921000049/ · unverified
  - Net income FY2018: 2012000000.0 · 2019-06-28 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1137789/000113778921000049/ · unverified
  - Equity at FY2018 end: 2162000000.0 · 2019-06-28 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1137789/000113778922000055/ · unverified
  - Net income FY2020: 1004000000.0 · 2020-07-03 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1137789/000113778922000055/ · unverified
  - Equity at FY2020 end: 1787000000.0 · 2020-07-03 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1137789/000113778923000049/ · unverified
  - Net income FY2021: 1314000000.0 · 2021-07-02 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1137789/000113778923000049/ · unverified
  - Equity at FY2021 end: 631000000.0 · 2021-07-02 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1137789/000113778924000068/ · unverified
  - Net income FY2022: 1649000000.0 · 2022-07-01 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001137789-26-000207) · https://www.sec.gov/Archives/edgar/data/1137789/000113778924000068/ · unverified
  - Equity at FY2022 end: 109000000.0 · 2022-07-01 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1137789/000113778925000157/ · unverified
  - Net income FY2026: 3184000000.0 · 2026-07-03 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001137789-26-000207) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Equity at FY2026 end: 2167000000.0 · 2026-07-03 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Net income FY2017: 1182000000.0 · 2018-06-29 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1137789/000113778920000057/ · unverified
  - Net income FY2018: 2012000000.0 · 2019-06-28 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1137789/000113778921000049/ · unverified
  - Net income FY2020: 1004000000.0 · 2020-07-03 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1137789/000113778922000055/ · unverified
  - Net income FY2021: 1314000000.0 · 2021-07-02 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1137789/000113778923000049/ · unverified
  - Net income FY2022: 1649000000.0 · 2022-07-01 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001137789-26-000207) · https://www.sec.gov/Archives/edgar/data/1137789/000113778924000068/ · unverified
  - Net income FY2023: 335000000.0 · 2024-06-28 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001137789-26-000207) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Net income FY2024: 1469000000.0 · 2025-06-27 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001137789-26-000207) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Net income FY2026: 3184000000.0 · 2026-07-03 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001137789-26-000207) · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - lt_debt: 3380000000.0 · 2026-07-03 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - debt_lt_current: 185000000.0 · 2026-07-03 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Operating income FY2022: 1955000000.0 · 2022-07-01 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1137789/000113778924000068/ · unverified
  - Revenue FY2022: 11661000000.0 · 2022-07-01 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1137789/000113778923000049/ · unverified
  - Operating income FY2023: 452000000.0 · 2024-06-28 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Revenue FY2023: 7384000000.0 · 2023-06-30 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1137789/000113778923000049/ · unverified
  - Operating income FY2024: 1890000000.0 · 2025-06-27 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Revenue FY2024: 9097000000.0 · 2025-06-27 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Operating income FY2026: 4094000000.0 · 2026-07-03 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Revenue FY2026: 12195000000.0 · 2026-07-03 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Operating cash flow FY2022: 1657000000.0 · 2022-07-01 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1137789/000113778924000068/ · unverified
  - Capital expenditure FY2022: 381000000.0 · 2022-07-01 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1137789/000113778924000068/ · unverified
  - Operating cash flow FY2023: 918000000.0 · 2024-06-28 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Capital expenditure FY2023: 254000000.0 · 2024-06-28 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Operating cash flow FY2024: 1083000000.0 · 2025-06-27 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Capital expenditure FY2024: 265000000.0 · 2025-06-27 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Operating cash flow FY2026: 3674000000.0 · 2026-07-03 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Capital expenditure FY2026: 569000000.0 · 2026-07-03 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Shares outstanding: 226644518.0 · 2026-07-31 · SEC cover page 10-K 0001137789-26-000159 (226,644,518 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/stx-20260703.htm · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/R1.htm

### Lynch GARP: 26.8 (partial: 5) · complete: False · missing tests: 5 · current inputs as of 2026-07-03 · stale inputs: none · history 2021–2026 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 6, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch
- 1 PEG: P/E divided by 5-yr EPS growth (in % points): 2.16  · threshold <= 1.0 · points 0.0/30
- 2 EPS growth, 5-yr compound rate: +21.0% a year  · threshold 12% to 35% a year · points 20.0/20
- 3 P/E on latest annual EPS: 45.4  · threshold <= 25 · points 0.0/10
- 4 Borrowings / equity: 1.65  · threshold <= 0.5 · points 0.0/15
- 5 Years of the last 5 in which EPS rose: None  · threshold 5 of 5 · points None/15
- 6 Net cash (cash minus borrowings) / market cap: -1.3%  · threshold >= +10% · points 6.8/10

Inputs:
  - Price (close, per traded unit): 630.49 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - EPS diluted FY2026: 13.9 · 2026-07-03 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - EPS diluted FY2021: 5.36 · 2021-07-02 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1137789/000113778923000049/ · unverified
  - lt_debt: 3380000000.0 · 2026-07-03 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - debt_lt_current: 185000000.0 · 2026-07-03 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - equity: 2167000000.0 · 2026-07-03 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - cash: 1704000000.0 · 2026-07-03 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified

### Graham Enterprising: 41.8 (partial: 3) · complete: False · missing tests: 3 · current inputs as of 2026-07-03 · stale inputs: none · history 2021–2026 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 7, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising
- 1 Current ratio: 1.67  · threshold >= 1.5 · points 15.0/15
- 2 Borrowings vs working capital: 1.7 x · threshold <= 1.1x · points 6.8/15
- 3 No earnings deficit in the last 5 years: 4 years reported  · threshold 5 of 5 · points None/15
- 4 Pays a current dividend: yes  · threshold yes · points 10.0/10
- 5 EPS higher than five years earlier: 5.36 -> 13.90  · threshold higher · points 10.0/10
- 6 Price / book value per share: 65.94  · threshold <= 1.2 · points 0.0/20
- 7 Price / net current asset value per share (current assets minus all liabilities): None  · threshold <= 0.67 · points 0.0/15

Inputs:
  - Price (close, per traded unit): 630.49 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - current_assets: 5221000000.0 · 2026-07-03 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - current_liabilities: 3127000000.0 · 2026-07-03 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - lt_debt: 3380000000.0 · 2026-07-03 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - debt_lt_current: 185000000.0 · 2026-07-03 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Dividend years (Yahoo): [2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/STX/history?filter=div
  - EPS diluted FY2026: 13.9 · 2026-07-03 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - EPS diluted FY2021: 5.36 · 2021-07-02 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1137789/000113778923000049/ · unverified
  - equity: 2167000000.0 · 2026-07-03 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/ · unverified
  - Shares outstanding: 226644518.0 · 2026-07-31 · SEC cover page 10-K 0001137789-26-000159 (226,644,518 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/stx-20260703.htm · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/R1.htm

### Piotroski F-Score: — (insufficient data (net income for FY2025 not reported)) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski

## Market value, source trail

- Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used
- Traded price: 630.49 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1
- SEC shares outstanding: 226,644,518 underlying shares, period 2026-07-31, SEC cover page 10-K 0001137789-26-000159 (226,644,518 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/stx-20260703.htm, accession 0001137789-26-000159 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/R1.htm
- Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None
- Market value (price date x latest reported shares): 142,897,102,154 USD; 630.49 (price 2026-10-23) / 1 x 226,644,518 (shares at 2026-07-31) = 142,897,102,154

## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends)

- FY2014 (ended 2014-06-27): 13724000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000104746916014732/
- FY2015 (ended 2015-07-03): 13739000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000119312517248796/
- FY2016 (ended 2016-07-01): 11160000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000119312518238271/
- FY2018 (ended 2018-06-29): 11184000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000113778920000057/
- FY2019 (ended 2019-06-28): 10390000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000113778921000049/
- FY2020 (ended 2020-07-03): 10509000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000113778922000055/
- FY2021 (ended 2021-07-02): 10681000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000113778923000049/
- FY2022 (ended 2022-07-01): 11661000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000113778923000049/
- FY2023 (ended 2023-06-30): 7384000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000113778923000049/
- FY2025 (ended 2025-06-27): 9097000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/
- FY2026 (ended 2026-07-03): 12195000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/

## Net income by fiscal year (SEC XBRL)

- FY2014 (ended 2014-06-27): 1570000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000104746916014732/
- FY2015 (ended 2015-07-03): 1742000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000119312517248796/
- FY2016 (ended 2016-07-01): 248000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000119312518238271/
- FY2018 (ended 2018-06-29): 1182000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000113778920000057/
- FY2019 (ended 2019-06-28): 2012000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000113778921000049/
- FY2020 (ended 2020-07-03): 1004000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000113778922000055/
- FY2021 (ended 2021-07-02): 1314000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000113778923000049/
- FY2022 (ended 2022-07-01): 1649000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000113778924000068/
- FY2024 (ended 2024-06-28): 335000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/
- FY2025 (ended 2025-06-27): 1469000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/
- FY2026 (ended 2026-07-03): 3184000000.0 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/

## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets)

- FY2014 (ended 2014-06-27): 4.52 [filed 4.52, split factor 1.0]
- FY2015 (ended 2015-07-03): 5.26 [filed 5.26, split factor 1.0]
- FY2016 (ended 2016-07-01): 0.82 [filed 0.82, split factor 1.0]
- FY2018 (ended 2018-06-29): 4.05 [filed 4.05, split factor 1.0]
- FY2019 (ended 2019-06-28): 7.06 [filed 7.06, split factor 1.0]
- FY2020 (ended 2020-07-03): 3.79 [filed 3.79, split factor 1.0]
- FY2021 (ended 2021-07-02): 5.36 [filed 5.36, split factor 1.0]
- FY2022 (ended 2022-07-01): 7.36 [filed 7.36, split factor 1.0]
- FY2024 (ended 2024-06-28): 1.58 [filed 1.58, split factor 1.0]
- FY2025 (ended 2025-06-27): 6.77 [filed 6.77, split factor 1.0]
- FY2026 (ended 2026-07-03): 13.9 [filed 13.9, split factor 1.0]

## Dividend years (Yahoo history)

2003, 2004, 2005, 2006, 2007, 2008, 2009, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026

## Insider transactions (SEC Form 4 data set, latest 40)

- 2026-10-01 S MOSLEY WILLIAM D (CEO) 962 @ 945.97 = 910023 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000262/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 440 @ 944.81 = 415715 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000262/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 280 @ 943.21 = 264100 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000262/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 40 @ 941.22 = 37649 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000262/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 80 @ 940.20 = 75216 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000262/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 720 @ 939.27 = 676275 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000262/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 640 @ 938.32 = 600524 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000262/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 579 @ 937.33 = 542713 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000262/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 759 @ 936.43 = 710750 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000262/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 640 @ 935.15 = 598496 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000262/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 822 @ 934.35 = 768037 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000262/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 840 @ 933.28 = 783952 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000262/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 1320 @ 932.04 = 1230289 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000262/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 1665 @ 930.99 = 1550105 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000262/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 855 @ 930.03 = 795179 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000262/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 360 @ 929.01 = 334443 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000262/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 640 @ 927.90 = 593854 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 480 @ 926.78 = 444852 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 1080 @ 925.88 = 999953 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 640 @ 924.72 = 591821 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 760 @ 923.78 = 702074 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 800 @ 922.66 = 738126 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 930 @ 921.63 = 857121 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 630 @ 920.62 = 579988 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 840 @ 919.56 = 772428 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 920 @ 918.49 = 845013 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 400 @ 917.22 = 366889 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 480 @ 916.10 = 439726 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 960 @ 915.01 = 878408 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 904 @ 913.94 = 826203 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 696 @ 913.08 = 635503 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 1146 @ 912.04 = 1045202 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 840 @ 910.69 = 764982 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 307 @ 909.84 = 279322 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 1027 @ 908.58 = 933110 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 560 @ 907.43 = 508162 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 601 @ 906.42 = 544760 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 480 @ 905.38 = 434583 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 480 @ 904.33 = 434080 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live
- 2026-10-01 S MOSLEY WILLIAM D (CEO) 696 @ 903.36 = 628741 · https://www.sec.gov/Archives/edgar/data/1137789/000113778926000261/#live

## Links

- sec_filings: https://www.sec.gov/edgar/browse/?CIK=0001137789
- sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001137789.json
- sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001137789&type=4
- sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001137789&type=8-K
- yahoo: https://finance.yahoo.com/quote/STX
- stooq: https://stooq.com/q/d/?s=stx.us
- morningstar (link only, nothing stored): https://www.morningstar.com/search?query=STX
- finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=STX
- stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/stx/
- seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/STX
- openinsider (link only, nothing stored): http://openinsider.com/search?q=STX
- google_news (link only, nothing stored): https://news.google.com/rss/search?q=STX+stock

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/STX; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23.

Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.