$1.12−0.02 (−1.76%)
At close: Oct 2, 2026, 4:00 PM ET
SSgA SPDR S&P International Energy Sector ETF · Tenets
How IPW 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).
0 / 17 qualify todayas of 2026-10-02 · computed nightly from our fundamentals DB; point-in-time auditable.
QUALIFIES
0
meet every gate today
BORDERLINE
0
within one input of the gate
FAILS
4
miss at least one gate
UNKNOWN
13
insufficient data to judge
passesfailsborderlineunknown
Value — six classic philosophies
Buffett Qualitydurable moat
✕ FailsFailsROE ≥ 15%(fiscal 2025: trailing figures were not built last night)−24.1% · ≥ 15.0%
PassesGross margin ≥ 40%(fiscal 2025: trailing figures were not built last night)43.8% · ≥ 40.0%
FailsNet margin ≥ 15%(fiscal 2025: trailing figures were not built last night)−7.5% · ≥ 15.0%
PassesDebt/equity ≤ 0.5(fiscal 2025: trailing figures were not built last night)0.20 · ≤ 0.50
FailsGrowing FCF (multi-yr)Free cash flow was negative in fiscal 2025.no · > 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.Buffett Quality under The screens ›
Piotroski F-Scorefinancial strength
✕ 2 / 9FailsReturn on assets positive(fiscal 2025)−14.0% · > 0
FailsOperating cash flow positive(fiscal 2025)−$579.2K · > 0
FailsReturn on assets improving(fiscal 2025)−3.0% → −14.0%
PassesEarnings backed by cash (CFO > net income)(fiscal 2025)−$579.2K vs −$5.0M
FailsLeverage falling (long-term debt / assets)(fiscal 2025)We hold no record of long-term debt as a share of assets 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.n/a → 0.0%
FailsCurrent ratio improving(fiscal 2025)1.47 → 1.34
FailsNo share dilution (≤ +2%)(fiscal 2025)+5.2%
FailsGross margin expanding(fiscal 2025)44.3% → 43.8%
PassesAsset turnover improving(fiscal 2025)1.68 → 1.86
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 2 of 9. 1 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%
Unknown — no dataNet debt/EBITDA ≤ 3×— · ≤ 3.0×
FailsAltman Z ≥ 3 (safe zone)(fiscal 2025: trailing figures were not built last night)1.59 · ≥ 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)
— Insufficient inputs (1 of 3 known)FailsEBIT > 0(fiscal 2025: trailing figures were not built last night)−$5.9M · > 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. 1 of 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$83,764.00 · ≥ $2.0B
FailsCurrent ratio ≥ 2(fiscal 2025: trailing figures were not built last night)1.34 · ≥ 2.00
FailsPositive EPS 6y2y
PassesPays a dividend$0.71 · > 0
Unknown — no dataEPS growth ≥ 3%/yr— · ≥ 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)
— UnknownUnknown — no dataPEG < 1 (hist. growth)— · < 1.00
Unknown — no dataEPS growth 10–30%— · 10.0%–30.0%
Verdict Unknown for this set.Verdict Unknown for this set. None of the 2 checks below carry data.Lynch GARP under The screens ›
Income — dividend safety
Income & Dividend Safetycoverage over headline yield
— Insufficient inputs (2 of 5 known)PassesPays a dividend$0.71 · > 0
FailsYield in a healthy band (not a yield trap)0.0% · 1.0%–8.0%
Unknown — no dataCovered by free cash flow— · ≥ 1.20
Unknown — no dataEarnings payout not stretched— · ≤ 75.0%
Unknown — no dataBalance sheet can sustain the payout— · ≤ 4.0×
Verdict Unknown for this set.Verdict Unknown for this set. 2 of 5 checks below carry data. The pass rule for Income & Dividend Safety is not published separately on the methodology page.
Dividend Growthraises you can count on
— Insufficient inputs (1 of 6 known)PassesPays a dividend$0.71 · > 0
Unknown — no dataAnnual dividend raised 10+ years running (Aristocrat ≥25, King ≥50)— · ≥ 10.00
Unknown — no dataNo dividend cut in the last 5 years—
Unknown — no data5-year dividend growth ≥ 5%/yr— · ≥ 5.0%
Unknown — no dataCovered by free cash flow— · ≥ 1.20
Unknown — no dataPayout not stretched— · ≤ 75.0%
Verdict Unknown for this set.Verdict Unknown for this set. 1 of 6 checks below carry data.Dividend Growth under The screens ›
Long Hold — quality compounders
Quality Compounderhigh returns, reinvested, few new shares
✕ FailsFailsReturn on invested capital ≥ 15% in 4+ of the last 5 years0 of 2 on file
PassesRevenue compounding ≥ 8%/yr over 5 years10.6% per year · ≥ 8.0%
FailsNot diluting: diluted share count flat-to-down (≤ +1%/yr)9.4% · ≤ 1.0%
FailsFree cash flow margin ≥ 12%−3.4% · ≥ 12.0%
Not scored: see the reason belowEarnings backed by cash (operating cash flow ≥ net income)A loss year makes cash-vs-earnings unreadable: the ratio inverts over negative net income, so it is not scored (never counted against).— · ≥ 1.00
Reading: does not hold. Not a gate checkDisciplined buybacks: actively reducing the share count (bonus)reading, not a gate check9.4%
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. 1 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
— UnknownUnknown — no dataOff its 52-week high by 8–35% (a dip, not a collapse)— · 8.0%–35.0%
Unknown — no dataDip within its own normal pullback band—
Unknown — no dataNot past where its dips have historically recovered from—
Unknown — no dataA dip in an uptrend (above a rising 200-day)—
Unknown — no dataHigher-low structure still intact—
Unknown — no dataClear of the earnings blackout (more than 5 days out)— · > 5.00
Verdict Unknown for this set.Verdict Unknown for this set. None of the 6 checks below carry data. The pass rule for Drawdown Context is not published separately on the methodology page.
Reversal Evidencesigns the pullback is turning
— UnknownUnknown — no dataA bullish MACD cross within 10 sessions— · ≤ 10.00
Unknown — no dataReclaimed a rising 50-day EMA—
Unknown — no dataPrinted a higher low—
Unknown — no dataA volume thrust on the turn (≥ 1.2× normal)— · ≥ 1.20
Unknown — no dataReversal signals fired: 3 of 4 (MACD·MA·HL·Vol)— · ≥ 3.00
Verdict Unknown for this set.Verdict Unknown for this set. None of the 5 checks below carry data. The pass rule for Reversal Evidence is not published separately on the methodology page.
Not-a-Value-Trap Gatecheap for a good reason, not a broken one
— UnknownUnknown — no dataIn the cheap half of its own 5-year valuation range—
Unknown — no dataEarnings estimates not being cut—
Unknown — no dataReturns on capital not deteriorating—
Verdict Unknown for this set.Verdict Unknown for this set. None of the 3 checks below carry data. The pass rule for Not-a-Value-Trap Gate is not published separately on the methodology page.
Quality Floorpasses the quality/value gate on this dip
— UnknownUnknown — no dataOperating profit is positive— · > 0
Unknown — no dataReturn on invested capital ≥ 10%— · ≥ 10.0%
Unknown — no dataA solvent balance sheet (Altman Z ≥ 1.8, net debt/EBITDA ≤ 4)—
Unknown — no dataQuality score ≥ 50— · ≥ 50.00
Unknown — no dataRevenue growing over 5 years— · > 0
Verdict Unknown for this set.Verdict Unknown for this set. None of the 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
— UnknownA research signal from published criteria, not a recommendation.
Unknown — no dataDrawdown context—
Unknown — no dataReversal evidence—
Unknown — no dataTrap gate—
Unknown — no dataQuality floor—
Invalidation level (structure break) not yet computable—
Verdict Unknown for this set.Verdict Unknown for this set. No price factors yet: the timing receipts populate after the nightly engine runs.Qualified Dip under The screens ›
Trend Alignmentprice in a confirmed uptrend
— UnknownUnknown — no dataTrading above its 50-day average—
Unknown — no dataTrading above its 200-day average—
Unknown — no data50-day average above the 200-day (uptrend stack)—
Unknown — no data50-day average sloping up— · > 0
Verdict Unknown for this set.Verdict Unknown for this set. None of the 4 checks below carry data. The pass rule for Trend Alignment is not published separately on the methodology page.
Relative Strengthoutperforming, ranked vs the universe
— UnknownUnknown — no data3-month return in the top half of the universe— · ≥ 0.50
Unknown — no data12-minus-1 momentum in the top half of the universe— · ≥ 0.50
Unknown — no dataRelative strength vs the S&P 500 improving— · > 0
Unknown — no dataEarnings estimates being revised up—
Verdict Unknown for this set.Verdict Unknown for this set. None of the 4 checks below carry data. The pass rule for Relative Strength is not published separately on the methodology page.
Momentum Triggera trigger you can see
— UnknownUnknown — no dataMACD above its signal line—
Unknown — no dataBack above the 50-day on a fresh cross (≤10 sessions)—
Unknown — no dataHigher high and higher low (stair-stepping up)—
Unknown — no dataA volume thrust on the move (≥ 1.2× normal)— · ≥ 1.20
Verdict Unknown for this set.Verdict Unknown for this set. None of the 4 checks below carry data. The pass rule for Momentum Trigger is not published separately on the methodology page.
Volatility Regimecontext, not a signal
Context, not scoredAverage daily swing—
Volatility band width—
Distance from its 52-week high—
✓
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.