$53.21−2.73 (−4.88%)
At close: Oct 1, 2026, 4:00 PM ET
Pershing Square Inc. · Tenets
How PS 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).
2 / 17 qualify todayas of 2026-10-02 · computed nightly from our fundamentals DB; point-in-time auditable.
QUALIFIES
2
meet every gate today
BORDERLINE
1
within one input of the gate
FAILS
4
miss at least one gate
UNKNOWN
10
insufficient data to judge
passesfailsborderlineunknown
Value — six classic philosophies
Buffett Qualitydurable moat
✕ FailsFailsROE ≥ 15%(fiscal 2025: its quarters do not line up with its fiscal year)−12.3% · ≥ 15.0%
PassesGross margin ≥ 40%(fiscal 2025: its quarters do not line up with its fiscal year)94.6% · ≥ 40.0%
FailsNet margin ≥ 15%(fiscal 2025: its quarters do not line up with its fiscal year)−28.0% · ≥ 15.0%
PassesDebt/equity ≤ 0.5(fiscal 2025: its quarters do not line up with its fiscal year)0.16 · ≤ 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
— UnknownUnknown — no dataF-Score ≥ 8— · ≥ 8
Verdict Unknown for this set.Verdict Unknown for this set. None of the 1 checks below carry data.Piotroski F-Score under The screens ›
Munger Compoundershigh-ROIC quality
— UnknownUnknown — no dataROIC ≥ 15%— · ≥ 15.0%
Unknown — no dataNet debt/EBITDA ≤ 3×— · ≤ 3.0×
Unknown — no dataAltman Z ≥ 3 (safe zone)— · ≥ 3.00
Verdict Unknown for this set.Verdict Unknown for this set. None of the 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: its quarters do not line up with its fiscal year)−$218.1M · > 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
✕ FailsPassesSize: market cap ≥ $2B$21.3B · ≥ $2.0B
PassesCurrent ratio ≥ 2(fiscal 2025: its quarters do not line up with its fiscal year)7.02 · ≥ 2.00
FailsPositive EPS 1y0y
FailsPays a dividend$0.00 · > 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 (1 of 5 known)FailsPays a dividend$0.00 · > 0
Unknown — no dataYield 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. 1 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)FailsPays a dividend$0.00 · > 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
— Insufficient inputs (1 of 5 known)Not scored: see the reason belowReturn on invested capital ≥ 15% in 4+ of the last 5 yearsOnly 1 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.0 of 1 on file
Not scored: see the reason belowRevenue compounding ≥ 8%/yr over 5 yearsFive-year revenue history is incomplete in our data, so the compounding rate can't be computed yet.— · ≥ 8.0%
Not scored: see the reason belowNot diluting: diluted share count flat-to-down (≤ +1%/yr)Not enough clean diluted-share-count history to measure dilution.— · ≤ 1.0%
FailsFree cash flow margin ≥ 12%−18.0% · ≥ 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: no data. Not a gate checkDisciplined buybacks: actively reducing the share count (bonus)reading, not a gate checkNot enough clean diluted-share-count history to assess buybacks.—
Verdict Unknown for this set.Verdict Unknown for this set. 1 of 5 checks below carry 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
— Insufficient inputs (2 of 6 known)Unknown — no dataOff its 52-week high by 8–35% (a dip, not a collapse)— · 8.0%–35.0%
PassesDip within its own normal pullback band0.17
Unknown — no dataNot past where its dips have historically recovered from−0.77
Unknown — no dataA dip in an uptrend (above a rising 200-day)—
PassesHigher-low structure still intactstructure intact · higher low
Unknown — no dataClear of the earnings blackout (more than 5 days out)— · > 5.00
Verdict Unknown for this set.Verdict Unknown for this set. 2 of 6 checks below carry data. The pass rule for Drawdown Context is not published separately on the methodology page.
Reversal Evidencedaily close onlysigns the pullback is turning
✓ QualifiesPassesA bullish MACD cross within 10 sessions10.00 · ≤ 10.00
PassesReclaimed a rising 50-day EMA43.29
PassesPrinted a higher lowyes
FailsA volume thrust on the turn (≥ 1.2× normal)1.11 · ≥ 1.20
PassesReversal signals fired: 3 of 4 (MACD·MA·HL·Vol)3.00 · ≥ 3.00
Decided by the pass rule for Reversal Evidence.The badge above reads a pass with 1 of the checks below marked as failing. The pass rule for Reversal Evidence is what decides that verdict, and it is not published separately on the methodology page.
Not-a-Value-Trap Gatecheap for a good reason, not a broken one
— Insufficient inputs (1 of 3 known)Unknown — no dataIn the cheap half of its own 5-year valuation range—
FailsEarnings estimates not being cut−0.37
Unknown — no dataReturns on capital not deteriorating−0.10
Verdict Unknown for this set.Verdict Unknown for this set. 1 of 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
✕ FailsFailsOperating profit is positive(fiscal 2025: its quarters do not line up with its fiscal year)−$218.1M · > 0
FailsReturn on invested capital ≥ 10%(fiscal 2025: its quarters do not line up with its fiscal year)−10.1% · ≥ 10.0%
Not scored: see the reason belowA solvent balance sheet (Altman Z ≥ 1.8, net debt/EBITDA ≤ 4)Neither half of this two-part test is derivable from the statements we have on file, so it is left unscored.—
FailsQuality score ≥ 5023.80 · ≥ 50.00
Unknown — no dataRevenue growing over 5 years— · > 0
Decided by the pass rule for Quality Floor.The pass rule for Quality Floor is what decides that verdict, and it is not published separately on the methodology page. 2 of 5 carry no data.
Qualified Dipa pullback with receipts, not a falling knife
— Insufficient inputs (2 of 4 known)A research signal from published criteria, not a recommendation.
Unknown — no dataDrawdown context2 of 6 held · 4 no data
PassesReversal evidence3 of 4 signals fired
Unknown — no dataTrap gate0 of 3 held · 2 no data
FailsQuality floor0 of 5 held · 2 no data
Invalidation level (structure break): below this the dip's structure has broken$29.62
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
✓ QualifiesPassesTrading above its 50-day average41.31
Unknown — no dataTrading above its 200-day average—
Unknown — no data50-day average above the 200-day (uptrend stack)41.31
Passes50-day average sloping up0.14 · > 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. 2 of 4 carry no data.
Relative Strengthoutperforming, ranked vs the universe
~ BorderlinePasses3-month return in the top half of the universe0.99 · ≥ 0.50
Unknown — no data12-minus-1 momentum in the top half of the universe— · ≥ 0.50
PassesRelative strength vs the S&P 500 improving0.01 · > 0
FailsEarnings estimates being revised up−0.37
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. 1 of 4 carry no data.
Momentum Triggera trigger you can see
✕ FailsPassesMACD above its signal line4.36
PassesBack above the 50-day on a fresh cross (≤10 sessions)10.00
FailsHigher high and higher low (stair-stepping up)no higher high · higher low
FailsA volume thrust on the move (≥ 1.2× normal)1.11 · ≥ 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.
Volatility Regimecontext, not a signal
Context, not scoredAverage daily swing: high0.07
Volatility band width: expanded (wide range)0.96
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.