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Benchmarks

 

U.S. Research Returns

 

U.S. Research Breakpoints

 

U.S. Book Equity Data

 

International Research Returns

Consulting Relationship

Fama / French Forum

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Detail for BE/ME Breakpoints

Annual Breakpoints:

 

1926-2016

 

 

 

Construction:

 

We compute BE/ME breakpoints at the end of each June. The BE used in June of year t is the book equity for the last fiscal year end in t-1. ME is price times shares outstanding at the end of December of t-1.

 

 

 

Stocks:

 

The breakpoints for year t use all NYSE stocks for which we have ME for December of t-1 and (positive) BE for the last fiscal year end in t-1.

 

 

 

Percentiles:

 

The file contains every fifth percentile of BE/ME, from 5% to 100%.

 




 

 

 

Copyright Kenneth R. French