Positioning no disclosures inside 60 days, left as found
Options put/call open interest 2.49, read 2026-11-01
Ethical passes the values gate
Price19.36 USD
Fair value36.88
Ethical score70.0/100
Our investment reviews on this name
2026-10-11Read Accumulation20.53-5.7% to today Markdown gives way to Accumulation with volume flow in agreement
2026-09-09Read Markdown21.22-8.8% to today ✓Markup gives way to Markdown after a 13% slide in 5 weeks
2026-08-08Read Markup24.43-20.8% to today Distribution gives way to Markup after a 21% rise in 5 weeks
2026-07-02Read Distribution20.21-4.2% to today ✓First review on file: Distribution
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.
Pinterest Inc holds its Accumulation at $19.36. Consolidating, no directional conviction, held for 125 days.
As held on the ledger · 2026-10-30
Phase
Accumulation
Quantitative state
Consolidating, no directional conviction, held for 125 days
Price at the screen
$19.36
Valuation
62.44 trailing · 8.87 forward price to earnings
Values screen
PASS· score 70.0
Beta
0.90
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
4.77%
Below 33%
Interest-bearing debt is just 4.8% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
27.27%
Below 33%
Cash held in interest-bearing accounts and securities is 27.3% of assets, under the one-third limit.
Pass
Receivables
35.82%
Below 49%
Money owed to the company is 35.8% of assets, under the 49% limit.
Pass
Revenue purity
2.62%
Below 5%
Only 2.6% 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
Pinterest clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 5%, inside the ~33% line, and interest is about 3% of its income, under the ~5% line, so it passes.
Read as at 2026-11-01. It updates when the underlying figures move, and past reads are kept below.
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Today PINS 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.
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Fair value range in USD, drawn from the 2026-10-30 screen. The gold marker is the market price at the same screen. A 90.5% margin of safety to the base estimate.
Where our models see it going: fair-value estimate $36.88, with a range of $36.88 to $38.72, dated to the 2026-10-30 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
Pinterest looks cheap but we pass
Picture someone pinning recipes and outfit ideas on their phone, then watching ads appear for the exact same products. That is Pinterest in a nutshell, a visual discovery app that draws steady users yet struggles to turn them into serious profits.
We pass despite the 43 percent gap to our fair value. Forward earnings sit at just 10.4 times, revenue grows 18 percent, yet the 8 percent profit margin and 9 percent return on equity reflect a narrow moat that leaves little pricing power against bigger platforms. Analyst targets cluster around 26 dollars, well below our own number, which tells us the market already sees limited upside.
Currency swings and ad spending cycles could still clip growth, while the modest returns on capital limit how much value compounds over time. Ethical checks clear, but the numbers do not justify stepping in.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
PINS 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
2026-10-29Accumulation$20.92-1.5%Entry 16
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 1.5% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B. Technically it is momentum reading bullish. Over the past year the shares are down 38%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (35 analysts) rates it buy, with a mean price target of $28. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-28Accumulation$21.23+0.0%Entry 15
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B. Technically it is momentum reading bullish. Over the past year the shares are down 38%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (35 analysts) rates it buy, with a mean price target of $28. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-27Accumulation$21.23-6.5%Entry 14
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 6.5% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B. Technically it is momentum reading bullish. Over the past year the shares are down 38%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (35 analysts) rates it buy, with a mean price target of $28. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-26Accumulation$22.71+0.0%Entry 13
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B. Technically it is momentum reading bullish. Over the past year the shares are down 38%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (35 analysts) rates it buy, with a mean price target of $28. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-25Accumulation$22.71+0.0%Entry 12
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B. Technically it is momentum reading overbought. Over the past year the shares are down 38%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (35 analysts) rates it buy, with a mean price target of $28. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-24Accumulation$22.71+0.0%Entry 11
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B. Technically it is momentum reading overbought. Over the past year the shares are down 38%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (35 analysts) rates it buy, with a mean price target of $28. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-23Accumulation$22.71+0.0%Entry 10
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B. Technically it is momentum reading overbought. Over the past year the shares are down 38%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (35 analysts) rates it buy, with a mean price target of $28. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-22Accumulation$22.71+0.0%Entry 9
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B. Technically it is momentum reading overbought. Over the past year the shares are down 38%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (35 analysts) rates it buy, with a mean price target of $28. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-18Accumulation$22.71+10.6%Entry 8
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 10.6% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 38%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (35 analysts) rates it buy, with a mean price target of $28.
The framework has shifted from markdown to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 6.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 38%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (35 analysts) rates it buy, with a mean price target of $28.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
