Download the Freefincal Excel Stock Screener – Version 2

Published: December 20, 2017 at 10:07 am

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Hey, did you know that freefincal has plenty of tools and resources on how to screen & Identify good stocks?! This is version  2 of an Excel stock screener to scan & filter Indian stocks with multiple criteria. Cap-wise screening, sector-wise screening & index-wise screening is possible. It gets data from Value Research and allows the user to screen capitalization-wise and sector-wise. It is meant for newbie stock investors to understand which stocks to avoid.

Before I begin please do remember to check a comprehensive stock analyzer:

Automated Earnings Power Stock Analysis With Screener.in data

Automated Stock Analysis with the Earnings Power Box with MorningStar financials

I have always wanted to build a stock screener and hence this sheet. I am well aware that they are pretty good online screeners available. What is being offered is a choice, and I am confident that the Excel screener will evolve into something at least useful to a small group of users, if not as a unique tool. I seek your help in evaluating this sheet and in making it better.

Those who are comfortable with using Excel’s data sort options can screen in several ways with this sheet.

For users who are not familiar with the sort options, several simple stock screens are incorporated after consultations with Krishna Kishore – tyroinvestor and Indraneal Balasubramanium – cognicrafter.Check out these:

Guest post by Krishna: A Guide to Understanding Stock Screeners

Guest post by Indraneal: How to Build a Stock Screener

They are my go-to guys when it comes to stock analysis. They are capable of simplifying valuation quite efficiently for a low-attention-span dummy like me.

Excel Stock Screener: How to use Video

This video may help build your own screens.

Capitalisation-wise stock screening

This is the screenshot of the cap-wise stock screener

Excel Stock Screener

In order to use the tool, one must first login to Value Research via Excel. Necessary steps are given below.

As you can see there are five sample screens which can be used independently or combined with each other.  Other sort options can also be enabled from the data sheet.

Excel-stock-screner-2a

The green cells refer to stocks with current PE lesser than median PE (5Y or 3Y -duration listed).

The following screens are available

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Piotroski Score – Higher the score, better the strength of the company and confidence in  its operation. VR article on the score.

Altman-Z Score – Higher the score, lower the probability of bankruptcy. This is how VR computes it

Modified C-Score – lower the score, lower the chance of accounting manipulation. This is how VR computes C-Score.

Debt to Equity – a measure of debt used by the company to operate. Lower is typically less risky. Less than one, preferred by many.

PEG – The PE ratio divided by annual EPS growth.  Less than one, could represent undervalued stock.

Enterprise Multiple EV/EBITDA – Compares EBITA,  the earnings before interest, taxes, depreciation and amortization with EV, the enterprise value. Low values could mean undervaluation.  However, ‘low’ is sector dependent.

Current PE less than Median PE – Median is the mid-point of a distribution of values (PEs in this case). Maybe used for solid companies (thanks Krishna).

Current PE more than Median PE – Maybe used for small companies which are expanding, provided other checks are in place.

Sector-wise stock screening

Excel-stock-screener -3

In this case, only essential checks are retrieved.

Index-wise screening

You can now select one of the 50 BSE/NSE indices and screen the stocks from within.

Download the freefincal Excel Stock Screener Sep 2018 Version 3 (with Joel Greenblatt Magic Formula Screener)

Download the freefincal Excel Stock Screener Dec 2017 Version 2 (included screening by index and an error in FMCG sector download, thanks to feedback from users)

Download the freefincal Excel Stock Screener Jan 2016 Version 1

Also check out the individual stock analysis sheet with multiple valuation techniques: Automated Stock Analysis V9: Earnings Growth Estimation

Guest post by Krishna: A Guide to Understanding Stock Screeners

Guest post by Indraneal: How to Build a Stock Screener

Note: Please do the following to login to Value Research

  1. Open blank excel
  2. Select Data in the menu
  3. Click get external data and then from web
  4. A browser window will open and there will annoying script error messages. Dismiss them.
  5. Then Go to VR online in that window and go to main page. There will annoying messages. Dismiss them.
  6. Click on login. If you are not able to do so. Stop the page from downloading and then click
  7. Login with your email (preferable) and click on remember me.
  8. Now you can exit the browser window and start using the screener. It should work fine now.
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About the Author

M Pattabiraman author of freefincal.comM. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. since Aug 2006. Connect with him via Linkedin
Pattabiraman has co-authored two print-books, You can be rich too with goal-based investing (CNBC TV18) and Gamechanger and seven other free e-books on various topics of money management.  He is a patron and co-founder of “Fee-only India” an organisation to promote unbiased, commission-free investment advice.
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2 Comments

  1. Thank you sir for incorporating Filter by Index. In “All Data By Index” Filter is not working and data is not formatted. Please let me know how to fix.

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