OPEN-SOURCE SCRIPT
Diupdate Greer Value

📈 Greer Value
This indicator evaluates the year-over-year (YoY) growth consistency of five key fundamental metrics for any stock:
The script tracks whether each metric increases annually based on financial statement data (FY), then calculates both individual and aggregate increase percentages over time. A color-coded table is displayed on the most recent bar showing:
Raw counts of increases vs. checks per metric
Percentage of years with growth
Overall "Greer Value" score indicating total consistency across all five metrics
✅ Green = Strong YoY growth
❌ Red = Weak or inconsistent growth
Use this tool to help identify fundamentally improving companies with long-term value creation potential.
This indicator evaluates the year-over-year (YoY) growth consistency of five key fundamental metrics for any stock:
- Book Value Per Share
- Free Cash Flow
- Operating Margin
- Total Revenue
- Net Income
The script tracks whether each metric increases annually based on financial statement data (FY), then calculates both individual and aggregate increase percentages over time. A color-coded table is displayed on the most recent bar showing:
Raw counts of increases vs. checks per metric
Percentage of years with growth
Overall "Greer Value" score indicating total consistency across all five metrics
✅ Green = Strong YoY growth
❌ Red = Weak or inconsistent growth
Use this tool to help identify fundamentally improving companies with long-term value creation potential.
Catatan Rilis
Release Notes – 6/11/25- Refactored and cleaned up code for improved readability and performance.
- Added a new text size setting for customizable label display.
- Introduced a sixth key fundamental metric: Diluted Shares Outstanding (DILUTED_SHARES_OUTSTANDING). This value increments when a company reduces its share count through stock buybacks.
Catatan Rilis
Release Notes – 6/11/25Refactored and cleaned up code for improved readability and performance.
Added a new text size setting for customizable label display.
Introduced a sixth key fundamental metric: Diluted Shares Outstanding (DILUTED_SHARES_OUTSTANDING).
This value increments when a company reduces its share count through stock buybacks.
Added Tooltips to the table to explain why each metric has value
📘 Book Value Per Share (BVPS)
Book Value Per Share reflects the net asset value of a company divided by its outstanding shares. It's a conservative measure of a company's intrinsic worth, representing what shareholders would theoretically receive if the company were liquidated. Consistent growth in BVPS often signals that a company is accumulating retained earnings and reinvesting profitably — a hallmark of strong, long-term value creation.
💵 Free Cash Flow (FCF)
Free Cash Flow is the cash a company generates after covering capital expenditures needed to maintain or expand its asset base. Unlike earnings, which can be influenced by accounting methods, FCF provides a clear view of a company’s ability to fund operations, invest in growth, pay dividends, or reduce debt. A steadily rising FCF trend indicates solid financial health and operational efficiency — essential for long-term investors.
📈 Operating Margin
Operating Margin measures the percentage of revenue left over after paying for variable costs of production, such as wages and raw materials. It reflects how efficiently a company converts sales into profit before interest and taxes. Increasing operating margins suggest strong pricing power, cost control, and scalable operations — traits commonly found in durable and high-quality businesses.
💰 Total Revenue
Total Revenue shows the top-line sales a company generates through its core business operations. It's a foundational measure of a company’s market demand and growth. While profit metrics reveal efficiency, consistent revenue growth reveals whether a business is expanding its customer base, entering new markets, or increasing product adoption — all critical signals of long-term potential.
🧾 Net Income
Net Income, or bottom-line profit, shows the total earnings available to shareholders after all expenses, taxes, and interest are paid. It's a direct indicator of a company’s profitability. Steady increases in net income indicate that a company is not just growing in size but is also becoming more profitable — a key component of shareholder value creation over time.
📜 Diluted Shares Outstanding (Buybacks)
Diluted Shares Outstanding represents the total number of shares that could exist if all convertible securities (like options or warrants) were exercised. Many investors overlook how issuing more shares — like printing more money — dilutes the value of each existing share, eroding shareholder ownership over time. When a company buys back its stock, it's effectively reducing this dilution. This means each remaining share represents a larger ownership stake in the company — much like how reducing the money supply strengthens the dollar. A shrinking share count not only boosts earnings per share but also signals that the company is returning value directly to its investors and has confidence in its own future.
🔍 Greer Value
The Greer Value is a composite score designed to quickly assess a company's fundamental strength by measuring its consistency in year-over-year (YoY) growth across six key financial metrics. Rather than relying on a single data point, it aggregates performance in Book Value, Free Cash Flow, Operating Margin, Total Revenue, Net Income, and Diluted Shares Outstanding. A high Greer Value indicates that the company is not only growing, but doing so in a stable and balanced way — much like a diversified portfolio of financial health indicators. This score gives investors a quick, data-driven snapshot of long-term value creation potential.
Catatan Rilis
🔄 Release Notes – v2.1 (06/18/2025)🆕 Feature Additions:
- Table Toggle Option: Users can now enable or disable the on-screen summary table using the new Show Table setting.
- Greer Value Label Toggle: Added Show GV Labels and Show GV Verbose options for enhanced control over label display.
- Verbose Mode for Labels: When enabled, labels now display not just the overall Greer Value % but also how many of the 7 tracked metrics are above 50% (e.g., GV: 71% [5 of 7]).
⚙️ Customization Improvements:
- Individual Text Size Settings for both labels and tables via "Label Options" and "Table Options" input groups.
- Selective Visibility: Greer Value labels and tables now only appear when new financial data is detected and when user toggles are active.
📊 Display Logic Enhancements:
- New Above-50 Tracker: The script now counts how many of the 7 metrics exceed 50% YoY consistency, providing a quick snapshot of fundamental strength.
- Cleaner Update Flow: Labels and tables update only on fresh annual data, reducing visual clutter and improving performance.
Metric Insights (still included):
- 📘 Book Value Per Share (BVPS)
- 💵 Free Cash Flow (FCF)
- 📈 Operating Margin
- 💰 Total Revenue
- 🧾 Net Income
- 📜 Diluted Shares Outstanding (Buybacks)
- 🔍 Greer Value Score
Catatan Rilis
🔄 Release Notes – v2.2 (06/19/2025)🆕 New Features:
- 🟨 Gold Highlight: If all 7 metrics are above 50%, the label now turns gold to mark exceptional performance.
- GV Score Badge: A compact badge now appears in the top-right corner of the chart, displaying the latest Greer Value (GV) score as a percentage.
⚙️ Customization Improvements:
- Added custom gold color using RGB (255, 215, 0) for high-score visualization.
- New toggle input to enable or disable the GV Score Badge:
- showcurrentGV = input.bool(true, title = "Show GV Score Badge", group = "Show GV Score Badge")
📊 Label Color Meanings:
- 🟩 Green = Strong YoY growth (more than 50% of the time)
- 🟥 Red = Weak or inconsistent growth (less than 50% of the time)
- 🟨 Gold = Exceptional performance (all 7 metrics above 50%)
💡 The GV Score Badge is shown only on the most recent bar to reduce clutter and ensure clarity.
📈 Status Line Metrics (Clean Chart, Informative Overlay):
- All core values are now shown in the chart’s status line:
- plot(..., display = display.status_line, editable = false)
- This exposes data to the Data Window and status line without drawing lines on the chart.
✅ All display elements (badge, labels, plots) are now cleanly optional, customizable, and toggleable.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.