Knowledge Base
Understand every number, formula and feature in Tenet
Try:
Learn investing
Seven modules that take you from what a stock is to how to value a business and hold it through a bad year.
Investing FundamentalsStart here. What the stock market is, how wealth compounds, and the mindset that separates investors from traders.Financial StatementsRead a 10-K without flinching. Income statement, balance sheet, cash flow, and the footnotes where the truth hides.Business AnalysisWhat makes a business great: cash generation, moats, pricing power, management quality and capital allocation.Financial Ratios & MetricsEvery number on a Tenet report explained: what it measures, the formula, what good looks like, and the traps.ValuationIntrinsic value, margin of safety, DCF and multiples: how to estimate what a business is worth and pay less.Portfolio ManagementBuilding, sizing, rebalancing and maintaining a portfolio you can actually hold through a bad year.Investing PsychologyThe biases that cost investors more than any recession, and the habits that keep you rational when it matters.
Case study library
Real annual reports, real businesses and famous market histories, read with the Tenet lens.
Financial Statement WalkthroughsReal annual reports, read line by line: Apple, Microsoft, Costco, Visa and Berkshire, plus how to spot red flags.Company AnalysisHow we analyze real businesses with the Tenet lens: quality, balance sheet, valuation and long-term record.Industry AnalysisBanks are not software companies. Sector-by-sector guides to the metrics and risks that actually matter.Historical Investment Case StudiesCoca-Cola, Apple, Amex, Kodak, Nokia: the great compounders and the great failures, and what each one teaches.Investment Decision WalkthroughsFramework walkthroughs on live questions, using current data. Educational analysis, never a recommendation.
Data definitions & methodology
How every number in the app is defined, sourced and calculated.
Data Glossary
135 articlesBrowse every definition, formula and guide by letter or category. Each opens the full article.
JKLXYZ
Amazon's EvolutionHistorical Investment Case StudiesAnchoring BiasInvesting PsychologyAnnual Reports ExplainedFinancial StatementsBlackBerry: Lessons for InvestorsHistorical Investment Case StudiesBuilding an Investment ThesisInvestment Decision WalkthroughsBuilding the Right Investing MindsetInvesting FundamentalsCapital Allocation ExplainedBusiness AnalysisCommon Accounting Red FlagsFinancial StatementsCommon Investing Mistakes Beginners MakeInvesting FundamentalsCommon Portfolio MistakesPortfolio ManagementConcentrated InvestingPortfolio ManagementConfirmation BiasInvesting PsychologyCostco: A Long-Term CompounderHistorical Investment Case StudiesCurrent RatioFinancial Ratios & MetricsDebt-to-Equity RatioFinancial Ratios & MetricsDip vs. Falling KnifePortfolio ManagementDiscounted Cash Flow (DCF) ExplainedValuationDiversification ExplainedPortfolio ManagementDividend YieldFinancial Ratios & MetricsEarnings Per Share (EPS)Financial Ratios & MetricsEmotional InvestingInvesting PsychologyEV/EBITDAFinancial Ratios & MetricsEvaluating Management QualityBusiness AnalysisFear and Greed in InvestingInvesting PsychologyFinding Red Flags in Financial StatementsFinancial Statement WalkthroughsFOMO in InvestingInvesting PsychologyFree Cash Flow YieldFinancial Ratios & MetricsGross MarginFinancial Ratios & MetricsGrowth vs. Value InvestingValuationHow Stocks Create Wealth Over TimeInvesting FundamentalsHow the Three Financial Statements Work TogetherFinancial StatementsHow to Analyze a BankIndustry AnalysisHow to Analyze a Consumer BrandIndustry AnalysisHow to Analyze a Healthcare CompanyIndustry AnalysisHow to Analyze a REITIndustry AnalysisHow to Analyze a Retail BusinessIndustry AnalysisHow to Analyze a Semiconductor CompanyIndustry AnalysisHow to Analyze a Software CompanyIndustry AnalysisHow to Analyze an Energy CompanyIndustry AnalysisHow to Analyze an Insurance CompanyIndustry AnalysisHow to Build an Investment PortfolioPortfolio ManagementHow to Identify High-Quality BusinessesBusiness AnalysisHow to Read a Balance SheetFinancial StatementsHow to Read a Cash Flow StatementFinancial StatementsHow to Read an Income StatementFinancial StatementsHow to Read Financial StatementsFinancial StatementsHow to Value a CompanyValuationHow We Analyze AlphabetCompany AnalysisHow We Analyze AmazonCompany AnalysisHow We Analyze AppleCompany AnalysisHow We Analyze AutoZoneCompany AnalysisHow We Analyze Berkshire HathawayCompany AnalysisHow We Analyze Brookfield CorporationCompany AnalysisHow We Analyze Coca-ColaCompany AnalysisHow We Analyze CostcoCompany AnalysisHow We Analyze MicrosoftCompany AnalysisHow We Analyze Moody'sCompany AnalysisHow We Analyze S&P GlobalCompany AnalysisHow We Analyze Texas InstrumentsCompany AnalysisHow We Analyze VisaCompany AnalysisIdentifying Competitive Advantages (Moats)Business AnalysisIdentifying Competitive Advantages Through Financial StatementsFinancial Statement WalkthroughsIdentifying Key Investment RisksInvestment Decision WalkthroughsIndustry Analysis for InvestorsBusiness AnalysisInterest Coverage RatioFinancial Ratios & MetricsInvesting vs. Trading: What's the Difference?Investing FundamentalsInvestment ChecklistsPortfolio ManagementIs Alphabet Undervalued?Investment Decision WalkthroughsIs Costco Worth the Premium?Investment Decision WalkthroughsIs Microsoft Overvalued?Investment Decision WalkthroughsIs Visa Still Attractive?Investment Decision WalkthroughsManaging RiskPortfolio ManagementMargin of Safety ExplainedValuationMomentum Style vs. the Tenet ScorePortfolio ManagementNet Profit MarginFinancial Ratios & MetricsNvidia's Growth JourneyHistorical Investment Case StudiesOperating MarginFinancial Ratios & MetricsOverconfidence BiasInvesting PsychologyPatience as an Investing EdgeInvesting PsychologyPEG RatioFinancial Ratios & MetricsPiotroski F-ScoreFinancial Ratios & MetricsPortfolio AllocationPortfolio ManagementPortfolio RebalancingPortfolio ManagementPrice-to-Book (P/B) RatioFinancial Ratios & MetricsPrice-to-Earnings (P/E) RatioFinancial Ratios & MetricsPricing Power ExplainedBusiness AnalysisQuarterly Reports ExplainedFinancial StatementsReading Apple's Annual ReportFinancial Statement WalkthroughsReading Berkshire Hathaway's Annual ReportFinancial Statement WalkthroughsReading Costco's Annual ReportFinancial Statement WalkthroughsReading Microsoft's Annual ReportFinancial Statement WalkthroughsReading Visa's Annual ReportFinancial Statement WalkthroughsRecurring Revenue Business ModelsBusiness AnalysisRelative Valuation ExplainedValuationReturn on Assets (ROA)Financial Ratios & MetricsReturn on Equity (ROE)Financial Ratios & MetricsReturn on Invested Capital (ROIC)Financial Ratios & MetricsRevenue vs. EarningsBusiness AnalysisRevisiting an Investment After EarningsInvestment Decision WalkthroughsRisk vs. Reward in InvestingInvesting FundamentalsSEC Filings Every Investor Should KnowFinancial StatementsShare Buybacks ExplainedFinancial Ratios & MetricsShould You Buy Apple Stock?Investment Decision WalkthroughsShould You Invest in Amazon?Investment Decision WalkthroughsStaying Rational During Market CrashesInvesting PsychologyStep-by-Step Company ValuationInvestment Decision WalkthroughsThe American Express StoryHistorical Investment Case StudiesThe Power of CompoundingInvesting FundamentalsThe Rise and Fall of NokiaHistorical Investment Case StudiesUnderstanding Business RisksBusiness AnalysisUnderstanding Capital Expenditures (CapEx)Business AnalysisUnderstanding Economic CyclesBusiness AnalysisUnderstanding Market CyclesInvesting FundamentalsUnderstanding Market ExpectationsValuationUnderstanding Notes to the Financial StatementsFinancial StatementsUnderstanding Operating Cash FlowBusiness AnalysisValuation Mistakes Investors MakeValuationVisa: Building a Global NetworkHistorical Investment Case StudiesWhat a Reversal Signal MeansPortfolio ManagementWhat Is Free Cash Flow?Business AnalysisWhat Is Intrinsic Value?ValuationWhat Is the Stock Market?Investing FundamentalsWhat Is Value Investing?Investing FundamentalsWhat Makes a Great Business?Business AnalysisWhen Is a Great Business Too Expensive?ValuationWhen Is a Stock Undervalued?ValuationWhen to Buy a StockPortfolio ManagementWhen to Sell a StockPortfolio ManagementWhy Blockbuster FailedHistorical Investment Case StudiesWhy Buffett Bought Coca-ColaHistorical Investment Case StudiesWhy Buffett Invested in AppleHistorical Investment Case StudiesWhy Cash Flow Is More Important Than ProfitBusiness AnalysisWhy Kodak FailedHistorical Investment Case StudiesWhy Long-Term Investing WorksInvesting FundamentalsWhy Tenet Shows No Price TargetsPortfolio Management
Methodology Notes
The math behind the magic: exactly how each derived analytic is computed, and where its inputs come from.
Formula Documentation
The whole grammar: a metric key, one of < <= > >=, a number, and clauses joined by AND. Values are written in the units the sliders show, so a 5% yield is 5 rather than 0.05.
pe < 15 AND
ev_fcf < 20 AND
f_score >= 7
Use a formula screen in the screener (Ultimate) →ev_fcf < 20 AND
f_score >= 7
Release notes
What’s new in Tenet: features, data expansions, and fixes.
Jul 2, 2026
ETF Explorer & Holdings Overlap NEW
Screen the full US-listed ETF universe and compute weighted-minimum overlap between any two funds.
Jun 18, 2026
Forward analyst estimates DATA
Consensus revenue & EPS estimates now cover 6,400 US equities, refreshed on each broker update.