Tutorvo
Menu
Courses Guides Pricing Log in Sign up
Investing & Personal Finance Intermediate

Value Investing & Intrinsic Value

Measure owner earnings and quality, price stocks with P/E, P/B and EV/EBIT, apply Graham's tests, build a DCF and a reverse DCF, set a margin of safety and score a checklist, all on a live spreadsheet. Educational only, not investment advice.

8 lessons 8 labs 1.9 h Certificate

  • One-time payment
  • 14-day money-back guarantee
  • Secure checkout with Stripe

What you'll build

What you will be able to do

Each lab ends with a concrete result that you build yourself and the checker confirms, cell by cell.

  • Turn five years of Harrow Tools figures into free cash flow and owner earnings, and normalise them into one per-share number.
  • Measure how much profit five companies earn on their capital and screen out the one whose high ROE is borrowed.
  • Price five companies with three multiples and check whether their earnings yield beats a government bond.
  • Apply two of Benjamin Graham's classic tests to five stocks and find the one trading below two-thirds of its net current assets.
  • Value Harrow Tools with a five-year discounted cash flow model and compare the value per share with the share price.
  • Blend two value estimates for five stocks, measure each margin of safety and set the price at which each would become interesting.
  • Instead of guessing Kestrel Software's growth, you start from its $96 share price and read off the growth the market is already paying for.
  • Turn a four-point value checklist into a weighted score, rank five stocks and pull out the top name with INDEX/MATCH.

About this course

Value investing rests on one idea: buy only when price sits well below a careful estimate of worth. This course builds that estimate. You calculate owner earnings and free cash flow, test quality with return on equity and return on invested capital, and compare P/E, P/B, EV/EBIT and earnings yield against bond yields. Classic screens such as the Graham number and net current asset value follow. A simple discounted cash flow produces intrinsic value per share, a margin of safety sets your buy price, and a reverse DCF reveals the growth a current price assumes. You finish by scoring and ranking five stocks on a checklist. For long-term investors and students; educational, not investment advice.

Curriculum

Course content

8 lessons · 8 labs · 1.9 h · final exam

  1. Owner earnings & free cash flowLab14 min4 checked tasks
    Unlocked when you buy the course
  2. Quality: ROE, ROIC & a two-test screenLab14 min4 checked tasks
    Unlocked when you buy the course
  3. Price multiples: P/E, P/B, EV/EBIT & earnings yield vs bondsLab14 min4 checked tasks
    Unlocked when you buy the course
  4. Graham number & the net-net (NCAV) screenLab13 min4 checked tasks
    Unlocked when you buy the course
  5. A simple DCF: intrinsic value per shareLab15 min4 checked tasks
    Unlocked when you buy the course
  6. Margin of safety & your buy priceLab12 min5 checked tasks
    Unlocked when you buy the course
  7. Reverse DCF: what growth is the price assuming?Lab15 min5 checked tasks
    Unlocked when you buy the course
  8. Value checklist: score & rank five stocks (SUMPRODUCT, RANK)Lab14 min5 checked tasks
    Unlocked when you buy the course
  9. Final exam12 questions, 75% to pass, unlimited retries.

Certificate

Finish with a certificate you can verify

Complete every lesson and pass the final exam to receive a certificate of completion for this course, with a unique credential ID and a public verification page.

  • Names the course, your score and the date of issue
  • A verification link for your CV or LinkedIn profile
  • 12 questions, 75% to pass, unlimited retries.

A Tutorvo certificate confirms that you completed a course. It is not an official or professional qualification.

Illustration. Your certificate shows your own name, course and credential ID.

Before you buy

Questions about this course

Is this a subscription?

No. You pay $9.99 once for this course. There is no subscription and nothing renews automatically. Prices are in US dollars; taxes may be added where required.

What exactly do I get?

All lessons and labs of this course, the final exam and the certificate, including later updates to the course, for as long as Tutorvo offers it. Access is personal and tied to your account.

Can I get a refund?

Yes. If you are not satisfied, email hello@tutorvo.com within 14 days of buying and we refund the course in full via Stripe. The guarantee does not apply once a certificate for the course has been issued to you, or where there are signs of abuse.

When can I start?

Right after payment. Access starts immediately at your request; for consumers in the EU/EEA the statutory right of withdrawal therefore ends once access has begun, while our 14-day money-back guarantee applies regardless.

Do I need Excel or other software?

No. The labs run in a spreadsheet inside your browser on a laptop, tablet or phone. Function names and syntax follow Excel.

Is the certificate an official qualification?

No. It confirms that you completed all lessons of the course and passed its final exam. It is not an official, state-recognised or professional qualification. The name is taken from your profile when the certificate is issued.

Full details are in our Terms · hello@tutorvo.com

Browse all Investing & Personal Finance courses →
$9.99one-time payment
Buy course