Travis Valuation · The Value Toolkit
The Valuation Masterclass
Thirteen in-depth lessons on the methods the great investors actually use — Graham, Buffett, Greenblatt, Lynch, Damodaran and more — each explained from origin to honest limits, and worked live on real stocks. Free, and written for the experienced investor.
In final edits. Not finished, and not for sale yet.The book · in final editsThe Modern Value InvestorAn appraiser's take on intrinsic value: what a stock is worth, and what to pay.And how to keep more of what you makeBe first to know when it's out →
The lineupGRAHAM·FISHER·BUFFETT·LYNCHGREENBLATT·GREENWALD·CARLISLEPIOTROSKI·ALTMAN·BENEISH·HOUSELTheir rules, in one place — and how to use them now.
Old rules. New companies.
A healthy Canadian bank scored “distress” on a formula built for factories. A software compounder looked absurd on one tool and fair on the next. Know what it's worth, and you know which reading to believe.
Thirteen tools. No single score.
Every reading kept separate, with the weight it deserves for the business in front of you. A score can't tell you what it's hiding.
Free on the app now — a taste of what's in the book
Module 01The Graham NumberGraham's conservative price ceiling, from earnings and book value.Module 02The Altman Z-ScoreA bankruptcy-risk score — and why it lies about banks and REITs.Module 03The Piotroski F-ScoreNine health checks that separate cheap-and-good from cheap-and-dying.Module 04The Reverse DCFThe growth rate today's price already assumes.Module 05Earnings Power ValueWhat a business is worth assuming zero growth.Module 06Net-Net & NCAVGraham's deepest bargain — and why it's so rare.Module 07The Magic FormulaGreenblatt's rank of cheap × good across the whole market.Module 08The Acquirer's MultipleEV/EBIT — and why cheapness alone beat cheap-plus-quality.Module 09Owner EarningsBuffett's measure of the cash an owner can actually take out.Module 10The Lynch PEG RatioJudging a P/E against growth — and its one fragile input.Module 11The Damodaran DCFThe forward cash-flow model — a range, never a single point.Module 12The Beneish M-ScoreThe forensic model that flagged Enron before it collapsed.Module 13Return on CapitalROIC, ROCE & CROIC — the quality lens, and the whole thesis.