Philip Fisher’s investment philosophy

Core Philip Fisher Investment Criteria : Philip Fisher’s “15 Points” stress: Consistent sales and profit growth High return on capital (ROCE/ROE) Prudent use of financial leverage (low debt) Strong profit margins Dividend payout (if any, not mandatory) Research & development (difficult to screen directly) Management quality (partly measurable via financial variables) Scalability and market leadership <<<<<<<<<<<<<< >>>>>>>>>><<<<<<<<<<<<<< >>>>>>>>>><<<<<<<<<<<<<< Adjust the thresholds according to your preference, or add/exclude criteria based on your interpretation of Fisher’s philosophy. Optional: Additional Qualitative/Quantitative Filters: R&D Focus: Not directly screenable. Look for “Other Income latest year” as proxy, or add sector-specific screens for technology/pharma companies. Low Promoter Pledging: Add Pledged percentage < 1 Consistent Dividend: Add Dividend last year > 0 for regular dividend payers. Scalable Sectors: Filter by sector—e.g., “Technology,” “Pharma,” “Consumer Goods”—by manually reviewing output. Limitations : Screener.in is inherently quantitative. For many of Fisher’s qualitative points (such as management integrity, innovation, or marketing effectiveness) post-screening manual research is necessary. Adjust thresholds for growth/margin/returns as appropriate for current market conditions. Summary: Use the above multi-factor Screener.in query as a basis for filtering stocks consistent with Philip Fisher’s investment criteria. Further qualitative analysis should supplement the initial screen for best results.

by SivaPrasad