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Detail
for Portfolios Formed on Cashflow/Price
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| Monthly Returns: |
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July 1951- February 2024 |
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| Annual Returns: |
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1952-2021 |
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| Portfolios: |
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Cashflow < 0;
bottom 30%, middle 40%, top 30%; quintiles; deciles.
Firms with negative cashflow are in only the Cashflow < 0 portfolio. |
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| Construction: |
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Portfolios are formed on CF/P at the end of each June
using NYSE breakpoints. The cashflow used in June of year t is total earnings
before extraordinary items, plus equity's share of depreciation, plus deferred
taxes (if available) for the last fiscal year end in t-1. P (actually ME) is
price times shares outstanding at the end of December of t-1. |
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| Stocks: |
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All NYSE, AMEX, and
NASDAQ stocks for which we have ME for December of t-1 and June of t, and
cashflow for calendar year t-1. |
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