If you want to research and analyze companies around the world, now you can use the GlobalAnayst to scan the globe for undervalued stocks.
This free online tool lets you compare the relative valuation of stocks all over the world individually, by region, countries or industries, helping you answer such questions as, “How do Norwegian stock prices compare to the rest of Europe?” or, “Which country stock indexes are undervalued?”
You’ll find the GlobalAnalyst tool at globaltrader.interactivebrokers.com. Here’s how it works.
There are two ways to put the tool to work. You can either filter by region, market cap and economic sector. Or you can enter a list of up to 25 symbols enabling you to compare a basket of stocks to one another.
Let’s start by applying some filters. Click the Filters button and then either select Global or choose a region. When you choose a region, you must then define the countries to include in your search by clicking each of the country buttons.
Let’s start by selecting UK, Germany and France.
Then select an industry – either All or specific ones by clicking the relevant button. Let’s select Consumer Non-Cyclicals. Next, determine the market cap for your search from mega to micro-cap names.
Choose between Stocks and ETFs from the asset class selector. And then, choose the relevant currency to display the results from your search. Let’s choose euros. Finally, click the results button.
The screener displays the number of companies that match your criteria, and common sizes the share price and financial metrics. By default, there are several critical financial ratios shown across the top of the table enabling you to compare the PE ratio, for example, across the companies returned. You will also see in red font towards the top of the table, a line displaying the weighted-average value of each metric for each column of the companies included in the results. This allows you to quickly check, which are above or which are below average. You may also sort the ranking according to ascending and descending order by clicking on any column header where you see the up/down arrows.
Use the Start Over button to the upper right to begin a new search. Use the Edit button to return to your search and change any of the initial selections.
Now, for example, let’s say you wanted to compare the financial standing of Germany’s Deutsche Bank to three British banks in pounds sterling. This time, click on the Companies button and then expand the search area by clicking on the red Search button. Enter the first ticker symbol – DBK. Click the green plus icon to the left of the results to add it to your selection.
Continue adding ticker symbols (LLOY, NWG and BACR) and click the green plus icon to add them to the selections in the area below.
When you have entered each symbol, click the red Apply button to the lower right corner. You may return to the input selector by clicking the Search button to the lower left beneath the table. Choose the currency in which you want to display the results. In this case I will use pounds sterling even though the German bank reports its financials in euros. Finally, click the View Results button.
From the results table you can now quickly resort the table to rank by largest market cap, for instance, or see which bank is most expensive using a Price-to-Earnings comparison. The GlobalAnalyst tool is easy to use and can help you seek out potential investments around the world.
Disclosure: Interactive Brokers
The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers, its affiliates, or its employees.