

Available Fields in Aggregates
StarMine Factors
Analyst Revisions Model. The market capweighted average of securitylevel Analyst Revisions Scores for the set. Only securities for which Analyst Revisions Scores exist are included in the aggregate calculations. For more information, please see "What is the Analyst Revisions Model (ARM)?" Requires Broker Module permissions.
Aggregate Predicted Surprise %. The % difference between the sum of mean estimates for the set and the sum of SmartEstimates for the set. Only securities with values for both inputs are included in the aggregate calculations. Requires Broker Module permissions.
Aggregate SmartEstimate Change %. The % difference between the current sum of SmartEstimates for the set and the sum of historical SmartEstimates for the set in the selected change period. Only securities with values for both inputs are included in the aggregate calculations. Requires Broker Module permissions.
Price / Intrinsic Value Global Rank. The market capweighted (or, for Shares Held weighting, the portfolio dollarweighted) average of securitylevel P/IV Global Rank values for the set. Only securities for which P/IV Global Ranks exist are included in the aggregate calculations. Aggregate values closer to 100 indicate a Stock Set or Sector that is relatively inexpensive according to the StarMine Intrinsic Value model
Rel Val Global Rank. The market capweighted (or, for Shares Held weighting, the portfolio dollarweighted) average of securitylevel Rel Val Global Rank values for the set. Only securities for which Rel Val Global Ranks exist are included in the aggregate calculations. Aggregate values closer to 100 indicate a Stock Set or Sector that is relatively inexpensive according to the StarMine Relative Valuation model.
Price Mo Global Rank. The market capweighted (or, for Shares Held weighting, the portfolio dollarweighted) average of securitylevel Price Mo Global Rank values for the set. Only securities for which Price Mo Global Ranks exist are included in the aggregate calculations. Aggregate values closer to 100 indicate a Stock Set or Sector that has relatively strong price momentum according to the StarMine Price Momentum model.
ValMo Global Rank. The market capweighted (or, for Shares Held weighting, the portfolio dollarweighted) average of securitylevel ValMo Global Rank values for the set. Only securities for which ValMo Global Ranks exist are included in the aggregate calculations. Aggregate values closer to 100 indicate a Stock Set or Sector that has a relatively bullish signal according to the StarMine ValMo model.
SmartEstimate Forward EV Ratio. The aggregate Forward EV of the set divided by the sum of the SmartEstimate for the selected estimate type. All pershare estimates are converted to a nonpershare basis before aggregation. Only securities with values for both Forward EV and the SmartEstimate for the selected estimate type are included in the aggregate calculations.
Estimates
Aggregate Mean Estimate Change %. The % difference between the current sum of mean estimates for the set and the sum of historical mean estimates for the set in the selected change period. Only securities with values for both inputs are included in the aggregate calculations. Requires Broker Module permissions.
Aggregate Estimate Diffusion. A measure of the trend in analyst estimate revisions for the set during a given time period. Diffusion is defined as (aggregate # revising up  aggregate # revising down) / (# total revisions), and ranges from 1 to 1. For example, if 21 analysts revised their estimates upward for stocks in a given sector and 4 revised downward during the last 30 days, the 30day diffusion for the sector is (214)/25 = 0.68. Requires Broker Module permissions.
Aggregate Surprise % (Last Q). The % difference between the sum of an actual income statement item for the set for the last reported quarter and the sum of the mean estimates of that item for each security on the day of the earnings report. Only securities with values for both inputs are included in the aggregate calculations. Requires Broker Module permissions.
Aggregate Surprise % (Last Y). The % difference between the sum of an actual income statement item for the set for the last reported year and the sum of the mean estimates of that item for each security on the day of the earnings report. Only securities with values for both inputs are included in the aggregate calculations. Requires Broker Module permissions.
Aggregate 60Day Surprise % (Last Q). The % difference between the sum of an actual income statement item for the set for the last reported quarter and the sum of the mean estimates of that item for each security in the set 60 days prior to the earnings report of that security in the last reported quarter. Only securities with values for both inputs are included in the aggregate calculations. Requires Broker Module permissions.
Aggregate 60Day Surprise % (Last Y). The % difference between the sum of an actual income statement item for the set for the last reported year and the sum of the mean estimates of that item for each security in the set 60 days prior to the earnings report of that security in the last reported year. Only securities with values for both inputs are included in the aggregate calculations. Requires Broker Module permissions.
Recommendations
Aggregate Recommendation Mean. The Aggregate Recommendation Mean is calculated just as is the stocklevel Recommendation Mean, as a weighted average of the (in this case, aggregate) number of recommendations at each level. The number of recommendations at each level (from 1 for Strong Buy to 5 for Strong Sell) is aggregated across the set of securities in question, and the Aggregate Recommendation Mean then calculated as a weighted average of these inputs. Lower values thus represent more optimistic overall recommendation levels.
Recommendation Diffusion . A measure of the trend in analyst recommendation changes during a given time period. Recommendation Diffusion is defined as (# upgrades  # downgrades) / (# total recommendation changes), and ranges from 1 to 1. For example, if four analysts upgraded their recommendations and one downgraded during the last 30 days, the 30day diffusion is (41)/5 = 0.6.
Number of Strong Buy Recommendations. The number of current broker recommendations on the security that are Strong Buy or the equivalent.
Number of Buy Recommendations. The number of current broker recommendations on the security that are Buy or the equivalent.
Number of Hold Recommendations. The number of current broker recommendations on the security that are Hold or the equivalent.
Number of Sell Recommendations. The number of current broker recommendations on the security that are Sell or the equivalent.
Number of Strong Sell Recommendations. The number of current broker recommendations on the security that are Strong Sell or the equivalent.
Price / Mean Price Target. The ratio of the aggregate market cap using the previous day's market close price to the aggregate mean price target for each security. Only securities with values for both inputs are included in the aggregate calculations. Requires Fundamental Module permissions.
Valuation — Intrinsic
Please Note:
The StarMine Intrinsic Valuation model currently excludes companies with negative earnings in FY1 and FY2. Aggregate fields in the Valuation — Intrinsic category thus exclude companies with negative earnings in FY1 and FY2.
In addition, given the approach to discount rates used in the model, Intrinsic Value fields that involve discount rates (Price / Intrinsic Value and Warranted P/E) should not be compared between countries to select over/under valued countries. Fields that do not involve the discount rate (Forward 10Year EPS CAGR) may be used in crosscountry comparisons.
Price / Intrinsic Value. The ratio of the aggregate market cap using the previous day's market close price to the aggregate implied market cap using the Intrinsic Value for each security, as calculated by the StarMine valuation model using the StarMine SmartGrowth EPS projections as inputs. Only securities with values for both inputs are included in the aggregate calculations. Requires Fundamental Module permissions.
Forward 5Year EPS CAGR. The compound annual growth rate (CAGR) of earnings using the aggregate earnings in FY0 (GAAP reported or IBES Actual if GAAP not available) and FY5 (as forecast by the SmartGrowth model). Only securities with earnings figures for both periods are included in the aggregate calculations. Requires Fundamental Module permissions.
Warranted P/E. The ratio of the aggregate market cap of the set, using the StarMine SmartGrowth Intrinsic Value divided by the sum of the aggregate F12M earnings as forecast by the StarMine SmartGrowth model. Only securities with values for both inputs are included in the aggregate calculations. Requires Fundamental Module permissions.
Forward 10Year EPS CAGR. The compound annual growth rate (CAGR) of earnings using the aggregate earnings in FY0 (GAAP reported or IBES Actual if GAAP not available) and FY10 (as forecast by the SmartGrowth model). Only securities with earnings figures for both periods are included in the aggregate calculations. Requires Fundamental Module permissions.
IV Market Implied 10Year EPS CAGR. This figure expresses the market's expectations for the average growth over the next ten years for constituent companies as determined by the StarMine Intrinsic Valuation model. The figure is calculated by aggregating FY0 earnings and the Market Implied FY10 earnings of constituent companies. A company's Market Implied FY10 is obtained by proportionally raising or lowering FY1 through FY5 EPS figures until the resulting Intrinsic Value matches the previous day's market close price. Requires Fundamental Module permissions.
IV Market Implied 5Year EPS CAGR. This figure expresses the market's expectations for the average growth over the next five years for constituent companies as determined by the StarMine Intrinsic Valuation model. The figure is calculated by aggregating FY0 earnings and the Market Implied FY5 earnings of constituent companies. A company's Market Implied FY5 is obtained by proportionally raising or lowering FY1 through FY5 EPS figures until the resulting Intrinsic Value matches the previous day's market close price. Requires Fundamental Module permissions.
Valuation — Relative
Aggregate SmartEstimate Price Ratio. The aggregate market cap of the set divided by the sum of the SmartEstimate for the selected estimate type. Using the "EPS" estimate type, for example, produces an aggregate P/E based on EPS. All pershare estimates are converted to a nonpershare basis before aggregation. Only securities with values for both price and the SmartEstimate for the selected estimate type are included in the aggregate calculations. Exception: for companies with significant analyst coverage, for the estimate type of dividends only, null values are generally considered zero and market caps are included in aggregate calculations. Requires Broker Module permissions.
Aggregate Yield % (SmartEstimate). The sum of the SmartEstimate for the selected estimate type divided by the aggregate market cap of the set. Using the "Dividends" estimate type, for example, produces an aggregate dividend yield. All pershare estimates are converted to a nonpershare basis before aggregation. Only securities with values for both price and the SmartEstimate for the selected estimate type are included in the aggregate calculations. Exception: for companies with significant analyst coverage, for the estimate type of dividends only, null values are generally considered zero and market caps are included in aggregate calculations. Requires Broker Module permissions.
Aggregate SmartEst Growth (This Year/Last Year). The % growth rate of the aggregate SmartEstimate for the set for the specified estimate type from last fiscal year to this fiscal year. Only securities for which SmartEstimates exist in both periods for the selected estimate type are included in the aggregate calculations. Requires Broker Module permissions.
Aggregate SmartEst Growth (Next Year/This Year). The % growth rate of the aggregate SmartEstimate for the set for the specified estimate type from this fiscal year to next fiscal year. Only securities for which SmartEstimates exist in both periods for the selected estimate type are included in the aggregate calculations. Requires Broker Module permissions.
Aggregate SmartEst Growth (F12M/T12M). The % growth rate of the aggregate SmartEstimate for the set for the specified estimate type from the forward 12 months (which is a combination of forward estimates for This Year and Next Year) to that for the trailing 12 months (which is a combination of estimates for the passedbutunreported portion of This Year and actual values reported for Last Year). Only securities for which SmartEstimates exist in both periods for the selected estimate type are included in the aggregate calculations. This field is of particular value when comparing across countries, since the typical fiscal year end for securities in one country can be quite different from that in another. Requires Broker Module permissions.
Aggregate SmartEst Growth (F24M/F12M). The % growth rate of the aggregate SmartEstimate for the set for the specified estimate type from the "F24M" period (forward months 1324) to that for the forward 12 months. Only securities for which SmartEstimates exist in both periods for the selected estimate type are included in the aggregate calculations. This field is of particular value when comparing across countries, since the typical fiscal year end for securities in one country can be quite different from that in another. Requires Broker Module permissions.
Aggregate SmartEst Growth (Fwd Qtr/Yearago Qtr). The % growth rate comparing the aggregate SmartEstimate for the set for the specified estimate type in the selected forward quarter to the aggregate actual reported for that measure in the yearagoequivalent quarter. Only securities for which values exist in both periods for the selected estimate type are included in the aggregate calculations. Requires Broker Module permissions.
Aggregate Mean Long Term Growth Estimate. The market capweighted average of mean long term growth estimates for the set. Only securities for which mean long term growth estimates exist are included in the aggregate calculations. Requires Broker Module permissions.
Aggregate Blended Growth Rate (SmartEstimate). The market capweighted average of blended growth rate SmartEstimates for the set. Only securities for which blended growth rate SmartEstimates exist are included in the aggregate calculations. Requires Broker Module permissions.
Aggregate P/E/G (SmartEstimate). A ratio calculated by dividing the Aggregate Forward P/E (SmartEstimate) of the set by the Aggregate Blended Growth Rate (SmartEstimate) of the set. Note that Forward P/E is based on each security's Preferred Earnings, and thus is not always EPS. Requires Broker Module permissions.
Aggregate Price/Book. The ratio of the total market cap of the set to the total book value of the set. Only securities with values for both price and book value are included in the aggregate calculations. Requires Fundamental Module permissions.
Aggregate Price/Sales. The ratio of the total market cap of the set to the total sales of the set. Only securities with values for price and sales >= 0 are included in the aggregate calculations. Requires Fundamental Module permissions.
Aggregate EV / EBITDA. The ratio of the total Enterprise Value of the set to the total EBITDA of the set. Only securities with values for both EV and EBITDA are included in the aggregate calculations. Requires Fundamental Module permissions.
Price Changes
Aggregate Price Change %. The percent change in the total market cap for the set over the change period selected. Only securities for which prices exist in both periods are included in the aggregate calculations.
Income Statement
Aggregate Revenue (MM)  Chg %. The percentage change in total Revenue for the set over the change period selected. Only securities for which revenue values exist in both periods are included in the aggregate calculations. Requires Fundamental Module permissions.
Aggregate EBITDA (MM)  Chg %. The percentage change in total EBITDA for the set over the change period selected. Only securities for which EBITDA values exist in both periods are included in the aggregate calculations. Requires Fundamental Module permissions.
Aggregate EBIT (MM)  Chg %. The percentage change in total EBIT for the set over the change period selected. Only securities for which EBIT values exist in both periods are included in the aggregate calculations. Requires Fundamental Module permissions.
Aggregate NI from Cont. Ops (MM)  Chg %. The percentage change in total Net Income from Continuing Operations for the set over the change period selected. Only securities for which NI from Cont. Ops values exist in both periods are included in the aggregate calculations. Requires Fundamental Module permissions.
Aggregate Net Income (MM)  Chg %. The percentage change in total Net Income for the set over the change period selected. Only securities for which Net Income values exist in both periods are included in the aggregate calculations. Requires Fundamental Module permissions.
Aggregate Dividend Yield (%). The ratio of the sum of actual cash dividends paid by all stocks in the set to the total market cap of the set. All market caps for securities for which dividends are positive or zero are included in the aggregate market cap. Requires Fundamental Module permissions.
Cash Flow Statement
Aggregate Cash Flow from Ops (MM)  Chg %. The percentage change in Total Cash Flow for the set over the change period selected. Only securities for which Total Cash Flow values exist in both periods are included in the aggregate calculations. Requires Fundamental Module permissions.
Aggregate FCF (MM)  Chg %. The percentage change in FCF for the set over the change period selected. Only securities for which FCF values exist in both periods are included in the aggregate calculations. Requires Fundamental Module permissions.
Aggregate Capex (MM)  Chg %. The percentage change in Capex for the set over the change period selected. Only securities for which Capex values exist in both periods are included in the aggregate calculations. Requires Fundamental Module permissions.
Ratios (Profitability)
Aggregate Gross Margin (%). The sum of Gross Profit for the set as a percentage of the sum of Net Revenue for the set. Only securities for which both values exist are included in the aggregate calculations. Requires Fundamental Module permissions.
Aggregate Gross Margin (%)  Chg. The change in Aggregate Gross Margin (%) for the set over the change period selected. Requires Fundamental Module permissions.
Aggregate EBITDA Margin (%). The sum of EBITDA for the set as a percentage of the sum of Net Revenue for the set. Only securities for which both values exist are included in the aggregate calculations. Requires Fundamental Module permissions.
Aggregate EBITDA Margin (%)  Chg. The change in Aggregate EBITDA Margin (%) for the set over the change period selected. Requires Fundamental Module permissions.
Aggregate Operating Margin (%). The sum of EBIT for the set as a percentage of the sum of Net Revenue for the set. Only securities for which both values exist are included in the aggregate calculations. Requires Fundamental Module permissions.
Aggregate Operating Margin (%)  Chg. The change in Aggregate Operating Margin (%) for the set over the change period selected. Requires Fundamental Module permissions.
Aggregate Pretax Margin (%). The sum of Pretax Income for the set as a percentage of the sum of Net Revenue for the set. Only securities for which both values exist are included in the aggregate calculations. Requires Fundamental Module permissions.
Aggregate Pretax Margin (%)  Chg. The change in Aggregate Pretax Margin (%) for the set over the change period selected. Requires Fundamental Module permissions.
Aggregate Effective Tax Rate (%). The sum of taxes incurred for the set as a percentage of the sum of Pretax Income for the set. Only securities for which both values exist are included in the aggregate calculations. Requires Fundamental Module permissions.
Aggregate Effective Tax Rate (%)  Chg. The change in Aggregate Effective Tax Rate (%) for the set over the change period selected. Requires Fundamental Module permissions.
Aggregate Net Margin (%). The sum of Net Income for the set as a percentage of the sum of Net Revenue for the set. Only securities for which both values exist are included in the aggregate calculations. Requires Fundamental Module permissions.
Aggregate Net Margin (%)  Chg. The change in Aggregate Net Income Margin (%) for the set over the change period selected. Requires Fundamental Module permissions.
Ratios (DuPont)
Aggregate Pretax ROA (%). The ratio of the sum of total Pretax Income for the set to the sum of Total Assets for the set. Only securities for which both values exist are included in the aggregate calculations. Requires Fundamental Module permissions.
Aggregate Pretax ROE (%). The ratio of the sum of total Pretax Income for the set to the sum of Total Equity for the set. Only securities for which both values exist are included in the aggregate calculations. Requires Fundamental Module permissions.
Aggregate ROE (%). The ratio of the sum of total Net Income for the set to the sum of Total Equity for the set. Only securities for which both values exist are included in the aggregate calculations. Requires Fundamental Module permissions.
Ratios (Leverage)
Leverage (Assets/Equity). The sum of Total Assets for the set as a percentage of the sum of Total Equity for the set. Only securities for which both values exist are included in the aggregate calculations.
Loan Loss Provision (% of Loans). The sum of Provision for Credit Losses for the set as a percentage of the sum of Average Net Loans for the set. Only securities for which both values exist are included in the aggregate calculations.
Nonperforming Loans (% of Loans). The sum of Nonperforming Loans for the set as a percentage of the sum of Gross Loans for the set. Only securities for which both values exist are included in the aggregate calculations.
See also:
How StarMine Aggregates are Calculated



