$6.28+0.08 (+1.29%)
At close: Oct 1, 2026, 4:00 PM ET
Apollo Commercial Real Estate Finance Inc · Tenets
How ARI measures up against value, income, timing, and long-hold tenets. Every criterion shows the live number and the pass rule. Always free.
The tenets below and the 0-100 Tenet Score on this report are two separate computations: each tenet runs its own criteria and its own pass rule, while the score is a percentile composite reported as one of four verdict words (Strong, Solid, Mixed or Weak).
1 / 17 qualify todayas of 2026-10-02 · computed nightly from our fundamentals DB; point-in-time auditable.
QUALIFIES
1
meet every gate today
BORDERLINE
3
within one input of the gate
FAILS
9
miss at least one gate
UNKNOWN
4
insufficient data to judge
passesfailsborderlineunknown
Value — six classic philosophies
Buffett Qualitydurable moat
✕ FailsFailsROE ≥ 15%(fiscal 2025: its last four quarters do not add up to its fiscal year)6.8% · ≥ 15.0%
Unknown — no dataGross margin ≥ 40%— · ≥ 40.0%
PassesNet margin ≥ 15%(fiscal 2025: its last four quarters do not add up to its fiscal year)44.0% · ≥ 15.0%
FailsDebt/equity ≤ 0.5(fiscal 2025: its last four quarters do not add up to its fiscal year)4.28 · ≤ 0.50
FailsGrowing FCF (multi-yr)(fiscal 2020 to 2025)−2.8% per year · > 0
Decided by the pass rule for Buffett Quality.The pass rule for Buffett Quality is what decides that verdict, and it is not restated here. 1 of 5 carry no data.Buffett Quality under The screens ›
Piotroski F-Scorefinancial strength
~ 6 / 9PassesReturn on assets positive(fiscal 2025)1.3% · > 0
PassesOperating cash flow positive(fiscal 2025)$142.5M · > 0
PassesReturn on assets improving(fiscal 2025)−1.4% → 1.3%
PassesEarnings backed by cash (CFO > net income)(fiscal 2025)$142.5M vs $126.7M
FailsLeverage falling (long-term debt / assets)(fiscal 2025)76.0% → 80.0%
FailsCurrent ratio improving(fiscal 2025)We hold no record of the current ratio for both years for this company, so this signal could not be measured. It still scores 0 under this module's conservative rule (a point is never awarded without evidence), and it is not counted as one of the signals we were able to measure.no
PassesNo share dilution (≤ +2%)(fiscal 2025)−0.6%
FailsGross margin expanding(fiscal 2025)This company files on a financial-statement template with no gross-profit line (banks and insurers do not report one), so gross margin could not be measured for either year. It still scores 0 under this module's conservative rule (a point is never awarded without evidence), and it is not counted as one of the signals we were able to measure.no
PassesAsset turnover improving(fiscal 2025)0.02 → 0.03
Decided by the pass rule for Piotroski F-Score.The pass rule for Piotroski F-Score is what decides that verdict, and it is not restated here. These checks score 6 of 9. 2 of 9 carry no data.Piotroski F-Score under The screens ›
Munger Compoundershigh-ROIC quality
— Insufficient inputs (1 of 3 known)Unknown — no dataROIC ≥ 15%— · ≥ 15.0%
FailsNet debt/EBITDA ≤ 3×(fiscal 2025: its last four quarters do not add up to its fiscal year)64.3× · ≤ 3.0×
Unknown — no dataAltman Z ≥ 3 (safe zone)— · ≥ 3.00
Verdict Unknown for this set.Verdict Unknown for this set. 1 of 3 checks below carry data.Munger Compounders under The screens ›
Magic FormulaROC + earnings yield (threshold check; full rank needs universe)
— UnknownUnknown — no dataEBIT > 0— · > 0
Unknown — no dataEarnings yield EBIT/EV ≥ 6%— · ≥ 6.0%
Unknown — no dataReturn on capital ≥ 25%— · ≥ 25.0%
Verdict Unknown for this set.Verdict Unknown for this set. None of the 3 checks below carry data. The pass rule for Magic Formula is not published separately on the methodology page.About this screen ›
Graham Defensivemargin of safety
✕ FailsFailsSize: market cap ≥ $2B$805.2M · ≥ $2.0B
Unknown — no dataCurrent ratio ≥ 2— · ≥ 2.00
FailsPositive EPS 10y9y
PassesPays a dividend$1.00 · > 0
FailsEPS growth ≥ 3%/yr(fiscal 2021 to 2025)−13.7% per year · ≥ 3.0%
Unknown — no dataP/E ≤ 15— · ≤ 15.00
Unknown — no dataP/E × P/B ≤ 22.5— · ≤ 22.50
Decided by the pass rule for Graham Defensive.The pass rule for Graham Defensive is what decides that verdict, and it is not restated here. 3 of 7 carry no data.Graham Defensive under The screens ›
Lynch GARPgrowth at reasonable price (historical-CAGR basis)
— Insufficient inputs (1 of 2 known)Unknown — no dataPEG < 1 (hist. growth)— · < 1.00
FailsEPS growth 10–30%(fiscal 2021 to 2025)−13.7% per year · 10.0%–30.0%
Verdict Unknown for this set.Verdict Unknown for this set. 1 of 2 checks below carry data.Lynch GARP under The screens ›
Income — dividend safety
Income & Dividend Safetycoverage over headline yield
✕ FailsPassesPays a dividend$1.00 · > 0
FailsYield in a healthy band (not a yield trap)15.9% · 1.0%–8.0%
Unknown — no dataCovered by free cash flow— · ≥ 1.20
FailsEarnings payout not stretched (FFO approx)126.9% · ≤ 85.0%
FailsBalance sheet can sustain the payout64.3× · ≤ 4.0×
FailsAnnual dividend raised 10+ years running (Aristocrat ≥25, King ≥50)0.00 · ≥ 10.00
FailsNo dividend cut in the last 5 yearsLast cut 2024
Fails5-year dividend growth ≥ 5%/yr−6.5% · ≥ 5.0%
Decided by the pass rule for Income & Dividend Safety.The pass rule for Income & Dividend Safety is what decides that verdict, and it is not published separately on the methodology page. 1 of 8 carry no data.
Dividend Growthraises you can count on
✕ FailsPassesPays a dividend$1.00 · > 0
FailsAnnual dividend raised 10+ years running (Aristocrat ≥25, King ≥50)0.00 · ≥ 10.00
FailsNo dividend cut in the last 5 yearsLast cut 2024
Fails5-year dividend growth ≥ 5%/yr−6.5% · ≥ 5.0%
Unknown — no dataCovered by free cash flow— · ≥ 1.20
FailsPayout not stretched (FFO approx)126.9% · ≤ 85.0%
Decided by the pass rule for Dividend Growth.The pass rule for Dividend Growth is what decides that verdict, and it is not restated here. 1 of 6 carry no data.Dividend Growth under The screens ›
Long Hold — quality compounders
Quality Compounderhigh returns, reinvested, few new shares
~ BorderlineNot scored: see the reason belowReturn on invested capital ≥ 15% in 4+ of the last 5 yearsOnly 0 of the last 5 fiscal years have return-on-invested-capital on record in our data; 4 are needed to score this criterion, so it is left unscored rather than counted against.—
FailsRevenue compounding ≥ 8%/yr over 5 years2.9% per year · ≥ 8.0%
PassesNot diluting: diluted share count flat-to-down (≤ +1%/yr)−3.9% · ≤ 1.0%
Not scored: see the reason belowFree cash flow margin ≥ 12%Free-cash-flow margin isn't derivable yet from the statements we have on file.— · ≥ 12.0%
PassesEarnings backed by cash (operating cash flow ≥ net income)1.12 · ≥ 1.00
Reading: holds. Not a gate checkDisciplined buybacks: actively reducing the share count (bonus)reading, not a gate check−3.9%
Decided by the pass rule for Quality Compounder.The pass rule for Quality Compounder is what decides that verdict, and it is not restated here. 2 of 5 carry no data. Lines marked as readings are published beside the checks and are not gate checks.Quality Compounder under The screens ›
Timing — dip & swing receipts
Drawdown Contexta dip, not a collapse
✕ FailsPassesOff its 52-week high by 8–35% (a dip, not a collapse)16.2% · 8.0%–35.0%
PassesDip within its own normal pullback band0.12
FailsNot past where its dips have historically recovered from1.50
FailsA dip in an uptrend (above a rising 200-day)6.95
FailsHigher-low structure still intactstructure broken · no higher low
PassesClear of the earnings blackout (more than 5 days out)27.00 · > 5.00
Decided by the pass rule for Drawdown Context.The pass rule for Drawdown Context is what decides that verdict, and it is not published separately on the methodology page.
Reversal Evidencedaily close onlysigns the pullback is turning
✕ FailsUnknown — no dataA bullish MACD cross within 10 sessions— · ≤ 10.00
FailsReclaimed a rising 50-day EMA6.64
FailsPrinted a higher lowno
PassesA volume thrust on the turn (≥ 1.2× normal)1.40 · ≥ 1.20
FailsReversal signals fired: 3 of 4 (MACD·MA·HL·Vol)1.00 · ≥ 3.00
Decided by the pass rule for Reversal Evidence.The pass rule for Reversal Evidence is what decides that verdict, and it is not published separately on the methodology page. 1 of 5 carry no data.
Not-a-Value-Trap Gatecheap for a good reason, not a broken one
✓ QualifiesPassesIn the cheap half of its own 5-year valuation range(through fiscal 2025)0.4×
PassesEarnings estimates not being cut0.04
Unknown — no dataReturns on capital not deteriorating—
Decided by the pass rule for Not-a-Value-Trap Gate.The pass rule for Not-a-Value-Trap Gate is what decides that verdict, and it is not published separately on the methodology page. 1 of 3 carry no data.
Quality Floorpasses the quality/value gate on this dip
— Insufficient inputs (2 of 5 known)Unknown — no dataOperating profit is positive— · > 0
Unknown — no dataReturn on invested capital ≥ 10%— · ≥ 10.0%
Not scored: see the reason belowA solvent balance sheet (Altman Z ≥ 1.8, net debt/EBITDA ≤ 4)The Altman Z-score isn't derivable from the statements we have on file, so this two-part test is left unscored.—
PassesQuality score ≥ 5057.40 · ≥ 50.00
PassesRevenue growing over 5 years(fiscal 2020 to 2025)2.9% per year · > 0
Verdict Unknown for this set.Verdict Unknown for this set. 2 of 5 checks below carry data. The pass rule for Quality Floor is not published separately on the methodology page.
Qualified Dipa pullback with receipts, not a falling knife
~ BorderlineA research signal from published criteria, not a recommendation.
FailsDrawdown context16.2% off its 52-week high
FailsReversal evidence1 of 4 signals fired
PassesTrap gate2 of 3 held · 1 no data
Unknown — no dataQuality floor2 of 5 held · 3 no data
Invalidation level (structure break): below this the dip's structure has broken$6.50
Decided by the pass rule for Qualified Dip.The pass rule for Qualified Dip is what decides that verdict, and it is not restated here. 1 of 4 carry no data.Qualified Dip under The screens ›
Trend Alignmentprice in a confirmed uptrend
✕ FailsFailsTrading above its 50-day average6.67
FailsTrading above its 200-day average6.95
Fails50-day average above the 200-day (uptrend stack)6.67
Fails50-day average sloping up−0.03 · > 0
Decided by the pass rule for Trend Alignment.The pass rule for Trend Alignment is what decides that verdict, and it is not published separately on the methodology page.
Relative Strengthoutperforming, ranked vs the universe
✕ FailsFails3-month return in the top half of the universe0.41 · ≥ 0.50
Fails12-minus-1 momentum in the top half of the universe0.40 · ≥ 0.50
FailsRelative strength vs the S&P 500 improving−0.00 · > 0
PassesEarnings estimates being revised up0.04
Decided by the pass rule for Relative Strength.The pass rule for Relative Strength is what decides that verdict, and it is not published separately on the methodology page.
Momentum Triggera trigger you can see
✕ FailsFailsMACD above its signal line−0.15
Not scored: see the reason belowBack above the 50-day on a fresh cross (≤10 sessions)This is a two-part reading (price back above the 50-day, and a bullish momentum cross inside 10 sessions) and a dated momentum cross is not on record for this name yet, so it is left unscored rather than counted either way.—
FailsHigher high and higher low (stair-stepping up)no higher high · no higher low
PassesA volume thrust on the move (≥ 1.2× normal)1.40 · ≥ 1.20
Decided by the pass rule for Momentum Trigger.The pass rule for Momentum Trigger is what decides that verdict, and it is not published separately on the methodology page. 1 of 4 carry no data.
Volatility Regimecontext, not a signal
Context, not scoredAverage daily swing: normal0.02
Volatility band width: expanded (wide range)0.95
Distance from its 52-week high: mid-range0.16
✓
Every verdict is auditableEach criterion shows the live number and the pass rule side by side — a receipt, not a rating. Several of these screens publish their rule in full under The screens; each row links to its own section where there is one.
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Unknown ≠ failAn “— Unknown” verdict means the inputs were insufficient: context, not a signal, and never counted as a fail.
Computed from our fundamentals DB; historical-CAGR PEG basis for Lynch. Research, not investment advice. Tenet's rulesets are independently developed from publicly available sources, and Tenet is not affiliated with, sponsored by, endorsed by or otherwise associated with any referenced investor or trademark owner. Full notice. MAGIC FORMULA is a trademark of MagicFormulaInvesting.com LLC.