How can we even begin to measure the change in valuation of our top 30 stocks? Hmmm. I guess the first step would be to try and measure the average Earnings yield and return on capital of today's stocks and compare that with the past. I have some spare time and am watching the DVD of Bruce Springsteen - Live in Barcelona, which is incredible.
Ok, I finished the 1st part before the fabulous disc one finished. Here are the top 30 current stocks, ranked in my estimated order along with their mean and median EY and ROC:
| Stock | EY | ROIC | EY Rank | ROIC Rank |
| ptie | 34% | 825% | 4 | 4 |
| khd | 318% | 311% | 1 | 10 |
| vsnt | 25% | 1287% | 10 | 3 |
| scmp | 20% | 1512% | 13 | 2 |
| prgx | 27% | 303% | 7 | 11 |
| qcor | 17% | 7841% | 20 | 1 |
| mtxx | 187% | 150% | 2 | 20 |
| eme | 25% | 225% | 9 | 15 |
| solr | 17% | 761% | 21 | 5 |
| usmo | 29% | 135% | 6 | 23 |
| ghm | 26% | 136% | 8 | 22 |
| gni | 15% | 497% | 24 | 7 |
| divx | 15% | 323% | 23 | 9 |
| iphs | 55% | 81% | 3 | 29 |
| ctcm | 15% | 366% | 25 | 8 |
| ppd | 18% | 198% | 18 | 16 |
| hckt | 16% | 244% | 22 | 13 |
| fwlt | 20% | 146% | 14 | 21 |
| egy | 34% | 74% | 5 | 30 |
| lo | 13% | 700% | 30 | 6 |
| int | 18% | 171% | 19 | 18 |
| tra | 23% | 100% | 11 | 26 |
| br | 15% | 277% | 26 | 12 |
| fix | 22% | 95% | 12 | 27 |
| exbd | 18% | 109% | 17 | 24 |
| cski | 19% | 100% | 16 | 25 |
| gigm | 14% | 237% | 29 | 14 |
| cbi | 20% | 89% | 15 | 28 |
| dlx | 15% | 187% | 27 | 17 |
| jtx | 14% | 169% | 28 | 19 |
| Average | 37% | 588% | ||
| Median | 20% | 212% |
Now, how do I get a look back in time? Hmm, I thought I could use Kdad's data, but that isn't going to work as I don't think we can get an apples to apples comparison. Ok, I bit the bullet and tried calculating everything back at May 15th. here is what I got:
| Stock | EY | ROIC | Ey Rank | ROIC Rank |
| qlti | 177% | 988% | 2 | 5 |
| ptie | 50% | 825% | 5 | 6 |
| khd | 176% | 311% | 3 | 11 |
| vsnt | 31% | 1581% | 11 | 3 |
| divx | 32% | 323% | 9 | 10 |
| scmp | 27% | 1512% | 15 | 4 |
| msb | 27% | 2890% | 17 | 2 |
| prgx | 35% | 303% | 8 | 12 |
| qcor | 25% | 7841% | 19 | 1 |
| cray | 178% | 103% | 1 | 26 |
| deck | 37% | 114% | 6 | 23 |
| usmo | 37% | 135% | 7 | 22 |
| ghm | 28% | 207% | 13 | 16 |
| hckt | 27% | 244% | 16 | 13 |
| iphs | 64% | 81% | 4 | 28 |
| tra | 29% | 156% | 12 | 20 |
| solr | 20% | 761% | 26 | 7 |
| ctcm | 20% | 366% | 25 | 9 |
| eme | 27% | 144% | 14 | 21 |
| kfy | 25% | 219% | 20 | 15 |
| ntri | 23% | 237% | 21 | 14 |
| airv | 18% | 514% | 28 | 8 |
| fix | 32% | 95% | 10 | 27 |
| ppd | 21% | 192% | 22 | 18 |
| ahci | 26% | 112% | 18 | 24 |
| int | 21% | 171% | 24 | 19 |
| tsra | 19% | 194% | 27 | 17 |
| exbd | 21% | 109% | 23 | 25 |
| Average | 45% | 740% | ||
| Median | 27% | 228% |
I think the averages can be a bit deceptive, but the Medians are interesting 20%/27% and 212%/228%. I would suggest a 20% earning yield is very excellent, but the 27% back in May was an eye-popping, screaming buy. I also thought it'd be interesting to show how the 29 stocks have done since mid May and whether there was any correlation of their ranking.
| Stock | 15-May | 31-Jul | Change |
| qlti | 2.14 | 3.45 | 61% |
| ptie | 4.27 | 4.4 | 3% |
| khd | 8.05 | 9.52 | 18% |
| vsnt | 15 | 14.99 | 0% |
| divx | 4.71 | 5.83 | 24% |
| scmp | 5.62 | 6.61 | 18% |
| msb | 10.15 | 10.87 | 7% |
| prgx | 2.88 | 3.8 | 32% |
| qcor | 4.37 | 5.87 | 34% |
| cray | 3.61 | 8.12 | 125% |
| deck | 48.85 | 67.61 | 38% |
| usmo | 11.28 | 13.5 | 20% |
| ghm | 14.23 | 13.68 | -4% |
| hckt | 2.07 | 3.04 | 47% |
| iphs | 14.87 | 18.79 | 26% |
| tra | 28.26 | 29.16 | 3% |
| solr | 5.37 | 6.2 | 15% |
| ctcm | 9.35 | 12.36 | 32% |
| eme | 21.11 | 24.12 | 14% |
| kfy | 11.12 | 13.91 | 25% |
| ntri | 14.56 | 14.23 | -2% |
| airv | 4.97 | 6.21 | 25% |
| fix | 8.91 | 11.78 | 32% |
| ppd | 40.16 | 48.77 | 21% |
| ahci | 1.82 | 2.49 | 37% |
| int | 39.59 | 43.86 | 11% |
| tsra | 15.48 | 28.09 | 81% |
| exbd | 16.18 | 18.78 | 16% |
I don't see much correlation.
More later!
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