5 Best Free Stock Screeners


What really stood out for me was the emphasis on extra technical criteria which most screeners do not offer. All Positives Have given best but realistic boundaries for all important ratios It is based on 3 most important criteria: He has also recommended a maximum ceiling allocation of 5 per cent for any stock. He points out that applying these filters enables us to reduce and even eliminate a lot of fundamental risks while ensuring a robust business model, strong earning potential and a good buying price.

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This is one feature that none of the other stock scanners reviewed below offers. The free stock screener provided by Google Finance is centered around a very easy to use interface with some visual flare. Speed is not an issue and there is only a small learning curve required for use. The major complaint I have though is the selection of criteria able to be utilized to perform scans. There is hardly any technical filters, and the fundamental filters are fairly standard. Results can be clicked for quick access to the respective quote page on Google Finance, a feature also provided by Yahoo Finance.

Yahoo Finance always knows what investors wants, which makes it no surprise that its stock scanner also delivers. Yahoo offers two variations, an advanced screener which functions in a separate window using Java, and an basic HTML screener which can be utilized via the same browser window.

While the advanced stock screener requires a few minutes to get the hang of, it does offer a wide selection of criteria. What really stood out for me was the emphasis on extra technical criteria which most screeners do not offer. All screens can be saved for later use, exported to excel, or even emailed. Lastly, with your results displayed, you can simply click any ticker to be taken to its appropriate page on Yahoo Finance. This free scanner allows investors to narrow results by three Morningstar ratings: All grades are A through F.

Filter out all companies with sales less than Rs cr. Companies with sales lower than this are very small companies and might not have the business stability and access to finance that is required for a safe investment. This eliminates the basic business risk.

Companies with low leverage are safer. Filter out all companies with interest coverage ratio of less than 4. Companies with high interest coverage ratio have a highly reduced bankruptcy risk. High ROE companies have a robust business model, which generates increased earnings for the company typically.

Filter out all companies with PE ratio greater than 25 since they are too expensive even for a high-quality company. This enables us to pick companies which are relatively cheaper as against their actual value. He points out that applying these filters enables us to reduce and even eliminate a lot of fundamental risks while ensuring a robust business model, strong earning potential and a good buying price. After a detailed explanation of the entire methodology, Dr Vikas V Gupta explains that applying the strategy since delivered astounding returns with a CAGR of He recommends that investors progressively form a portfolio having exposures to a few of these stocks for the current month after due diligence and having discussions with their trusted financial advisors.