What cheap, fair and expensive mean
The valuation tag compares a stock's price today with its own history and with its sector. It is a reference, not a recommendation.
What you will see
- Cheap: its multiple (for example the P/E) is clearly below its usual level or its sector's.
- Fair: close to what is normal for it.
- Expensive: clearly above.
- You see it on each asset's page (Analysis tab), in the Watchlist and in Positions, under Your portfolio by valuation.
- ETFs and crypto are not rated: a fund is worth what it holds and crypto has no earnings.
What else the Analysis tab has
- Business quality: margins, returns, debt and growth, with rules for each type of company.
- How much it could rise to its estimated intrinsic value, the analysts' target and its 52-week high.
- On the price chart, the cheap and expensive zones with today's earnings.
Common problems and questions
- If it is cheap, should I buy it?
- Not necessarily. Look at why it is cheap and at its quality. Expensive ones are not an order to sell: they are the ones that most depend on their earnings keeping growing.
- It says «No data».
- There are no financial statements yet, or the company has losses and there is no multiple to compare.
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Asterholm is a read-only portfolio viewer. Nothing in this guide is financial advice.