Rankings
How the WA Score works
One number from 1 to 99 for every Canadian common stock worth $50M or more, built from five measurable factors.
Who is scored
Common stocks listed on the Toronto Stock Exchange and the TSX Venture Exchange with a market value of at least $50 million and a share price of at least 10 cents. CDRs, split corporations and closed-end funds are left out, because their reported earnings are mostly portfolio gains and would distort value and quality. A company listed on both boards is scored once, on its TSX line.
The five factors
Value · 20% of the score
Earnings yield: how much profit you buy per dollar of share price.
Quality · 25% of the score
Return on equity and profit margins.
Momentum · 25% of the score
Year-to-date and 1-month returns, the 200-day trend and the 52-week range.
Analysts · 15% of the score
Gap between the price and the average analyst target.
Insiders · 15% of the score
Net open-market buying by insiders on SEDI over 180 days.
How the numbers are built
- Each measure is turned into a percentile against every scored stock, so 90 means better than 90% of them.
- Value uses earnings yield (earnings per share divided by price). Companies losing money rank last.
- Quality averages return on equity, profit margin and operating margin over the last 12 months.
- Momentum averages the year-to-date return, the 1-month return, the position in the 52-week range, and whether the price is above its 200-day average.
- Analysts measures the gap to the average analyst price target. Stocks without coverage count as neutral (50).
- Insiders reads open-market trades by directors and officers reported on SEDI over 180 days. Net buyers score 60 to 99 depending on how much they bought relative to the company's size; heavy net sellers score 35; everyone else, and companies outside our SEDI coverage, count as neutral.
- The overall score is the weighted average of the five factors, ranked again from 1 to 99.
Sources and updates
Prices come from the Toronto Stock Exchange and TSX Venture Exchange, financials from company filings, targets from analyst consensus, and insider trades from SEDI (the System for Electronic Disclosure by Insiders). Scores refresh several times a day.
What the WA Score is not
It is a summary of public data, not a buy or sell rating, and it does not know your goals or your tax situation. A high score can sit next to real risks a number cannot see: a pending deal, a lawsuit, a commodity price. Read the company page before you act.