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Data Update 1 for 2024: The data speaks, but what does it say?

Musings on Markets

In pursuit of an answer to that question, I used company-specific data from Value Line, one of the earliest entrants into the investment data business, to compute an industry average. Return on (invested) capital 2. Ratings & Spreads 2. Ratings & Spreads 2. Tax rates 4. Excess Returns on investments 4.