Methodology
How MetaCap calculates financial metrics, indices, and automated content.
Valuation Metrics
Price-to-Earnings (P/E) Ratio
Trailing P/E = Current Stock Price ÷ Trailing Twelve Month (TTM) Earnings Per Share
Forward P/E = Current Stock Price ÷ Next Twelve Month (estimated) Earnings Per Share
TTM earnings use the most recent 4 quarters of actual reported earnings. We use both GAAP and adjusted EPS where available.
Dividend Yield
Dividend Yield = Annualized Dividend Per Share ÷ Current Stock Price
We calculate forward yield based on the most recent quarterly dividend multiplied by 4 (for quarterly dividends).
Market Capitalization
Market Cap = Stock Price × Shares Outstanding
Shares outstanding are diluted and include all equity instruments (stock options, convertible securities). This represents fully diluted market cap.
Earnings Per Share (EPS)
GAAP EPS = Net Income (from 10-K or 10-Q) ÷ Diluted Shares Outstanding
Adjusted EPS = Net Income + Adjustments (stock-based comp, restructuring charges, one-time items) ÷ Diluted Shares
We display both where available. GAAP is the official figure; adjusted shows "normalized" earnings.
Automated Narratives
Stock overview pages include auto-generated summary paragraphs that combine:
- Current price, change, and volume context
- 52-week range and position
- Valuation vs. sector median
- Upcoming earnings or dividend dates
These are generated from data using conditional rules, not by language models. All numbers are verified against source data before display.
Data Quality & Updates
- Quotes: 15-minute delayed, updated during market hours.
- Financials: Updated within 2 days of SEC EDGAR filing.
- Dividends & Earnings: Announced dates from official company press releases.
- Corrections: Data errors are corrected within 24 hours when identified.