Positioning no disclosures inside 60 days, left as found
Options put/call open interest 23.32, read 2026-11-05
Ethical passes the values gate
Price98.56 USD
Fair valueUnder review
Our investment reviews on this name
2026-10-18Read Distribution148.86-33.8% to today ✓Markup gives way to Distribution after a 15% slide in 7 days
2026-10-11Read Markup175.04-43.7% to today Accumulation gives way to Markup first Markup read since July
2026-10-02Read Accumulation175.04-43.7% to today Markdown gives way to Accumulation after an 11% slide in 4 weeks
2026-09-05Read Markdown197.68-50.1% to today ✓Distribution gives way to Markdown
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Modine Manufacturing Company holds its Distribution at $98.56. The statistical read favours the sellers, held for 24 days.
As held on the ledger · 2026-11-04
Phase
Distribution · caution
Quantitative state
The statistical read favours the sellers, held for 24 days
Price at the screen
$98.56
Valuation
48.97 trailing · 12.64 forward price to earnings
Values screen
PASS
Beta
1.71
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
5.42%
Below 33%
Interest-bearing debt is just 5.4% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.71%
Below 33%
Cash held in interest-bearing accounts and securities is 0.7% of assets, under the one-third limit.
Pass
Receivables
0.00%
Below 49%
Money owed to the company is 0.0% of assets, under the 49% limit.
Pass
Revenue purity
0.06%
Below 5%
Only 0.1% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Clears, in Plain English
Modine Manufacturing clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 5%, inside the ~33% line, and almost none of its income is interest, so it passes.
Read as at 2026-11-05. It updates when the underlying figures move, and past reads are kept below.
Follow this verdict
Get an email when MOD's ethical verdict changes
Today MOD passes the screen. If new figures move it to a fail, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
Free, no account needed. Every email has a link to stop.
What the Numbers Say It Is Worth
The Fair Value Range
Fair value under review. Our model's value is 2.10x the price, above our 2.00x limit. We show no fair value, margin of safety or value read built on it until the review clears.
Where our models see it going: no fair-value estimate yet, range not available, dated to the 2026-11-04 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Thermal parts keeping growth engines running hot
Picture a delivery van on a steep climb or a server rack in a windowless hall. Both need steady cooling to avoid shutdowns, and Modine supplies the heat exchangers that make it possible. Revenue is up 48 percent, the shares trade at a forward multiple of 20.2 times, and our fair value sits 28 percent above the current price.
The business clears our ethical screen and carries a moderate moat in a fragmented market. Seven analysts rate it a strong buy with a median target of 340, while return on equity of 12 percent and a 4 percent profit margin show a company still scaling efficiently.
Yet the sector is cyclical, so earnings can drop sharply when vehicle or construction demand turns. Low margins leave little room for cost surprises or pricing pressure. Analysis, not advice.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The things to watch: it already moves more than the market on an average day.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
MOD trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-03Distribution$123.34-4.9%Entry 18
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 4.9% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading oversold. Over the past year the shares are up 177%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (7 analysts) rates it strong buy, with a mean price target of $266. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-02Distribution$129.76+0.0%Entry 17
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading oversold. Over the past year the shares are up 177%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (7 analysts) rates it strong buy, with a mean price target of $266. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-01Distribution$129.76+0.0%Entry 16
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading oversold. Over the past year the shares are up 177%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (7 analysts) rates it strong buy, with a mean price target of $266. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-31Distribution$129.76-6.5%Entry 15
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 6.5% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading oversold. Over the past year the shares are up 177%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (7 analysts) rates it strong buy, with a mean price target of $266. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-30Distribution$138.79-3.3%Entry 14
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 3.3% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading oversold. Over the past year the shares are up 177%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (7 analysts) rates it strong buy, with a mean price target of $266. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-29Distribution$143.54+10.2%Entry 13
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 10.2% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading oversold. Over the past year the shares are up 177%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (7 analysts) rates it strong buy, with a mean price target of $266. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-28Distribution$130.27+0.0%Entry 12
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading oversold. Over the past year the shares are up 177%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (7 analysts) rates it strong buy, with a mean price target of $266. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-27Distribution$130.27-12.5%Entry 11
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 12.5% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading oversold. Over the past year the shares are up 177%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (7 analysts) rates it strong buy, with a mean price target of $266. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-21Distribution$148.86+0.0%Entry 10
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading bearish. Over the past year the shares are up 177%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (7 analysts) rates it strong buy, with a mean price target of $266. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-20Distribution$148.86+0.0%Entry 9
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading bearish. Over the past year the shares are up 177%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (7 analysts) rates it strong buy, with a mean price target of $266. It reported earnings in this window, a natural checkpoint for the thesis.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
