REGN

Of every 100 units of revenue, this much survives as profit.

Margins this wide usually mean real pricing power or a moat.

Profit from operations, before interest and tax, per 100 of revenue.

Typical of software and other businesses with little cost per extra sale.

What is left of revenue after only the direct cost of the product.

A conventional manufacturing or mixed-model range.

Profit generated per unit of shareholder capital.

Above 15% is generally considered a good business.

Profit generated per unit of everything the company owns.

The assets are working hard.

Borrowings measured against shareholder capital.

Comfortably financed.

Short-term assets against short-term obligations.

Plenty of cover, though idle cash earns little.

Short-term assets excluding inventory, against short-term debts.

Liquid assets exceed short-term obligations.

Change in revenue against the same period last year.

A healthy expansion rate.

Change in earnings against the same period last year.

Profit is declining even if revenue is not.

The share of earnings paid out as dividends.

Comfortably covered, with room to keep raising it.

Return earned per unit of risk taken.

Below 1 is the common case; return did not strongly outpace the volatility.

The share of trading days that closed higher.

Close to a coin flip, which is the norm — returns come from the size of moves, not their count.

You pay 18.46 for every 1 unit of annual earnings.

Roughly the long-run market average band.

Price against next year's *forecast* earnings.

The market expects little growth, or doubts the forecast.

P/E divided by the growth rate — it asks whether the price is justified by the growth.

Between 1 and 2 price and growth are roughly in step.

Price against the accounting value of the company's net assets.

A typical range for an established company.

Price against revenue — usable when a company has no profit yet.

The price assumes today's revenue will convert into much more profit later.

Whole-company value, debt included, against cash earnings.

A conventional range.

Annual dividend as a percentage of the share price.

A small income component.

A 0–100 momentum gauge over the last 14 sessions.

The middle band, where most trading days sit.

Trend strength, regardless of direction.

Below about 20 the price is ranging rather than trending.

How far the price typically swings over a year.

A typical range for an individual share.

How much the price moves relative to the wider market.

Tends to move less than the index, in both directions.

The worst peak-to-trough fall in the period measured.

A fall this deep needs roughly a doubling to recover.

How far the mean analyst target sits above today's price.

Analysts see real room above today's price.