Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical passes the values gate
Price124.91 USD
Fair value112.72
Ethical score85.3/100
RatingOVERVALUED
Our investment reviews on this name
2026-10-02Read Accumulation124.91+0.0% to today ✓
2026-09-10Read Markdown125.47-0.4% to today ✓
2026-08-09Read Distribution135.64-7.9% to today ✓
2026-07-02Read Markup142.05-12.1% to today
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.
Qnity Electronics holds its Accumulation at $124.91. Consolidating, no directional conviction, held for 5 days.
As held on the ledger · 2026-09-28
Phase
Accumulation
Quantitative state
Consolidating, no directional conviction, held for 5 days
Price at the screen
$124.91
Valuation
44.45 trailing · 23.23 forward price to earnings
Values screen
PASS· score 85.3
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
28.62%
Below 33%
Interest-bearing debt is just 28.6% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
2.86%
Below 33%
Cash held in interest-bearing accounts and securities is 2.9% of assets, under the one-third limit.
Pass
Receivables
11.17%
Below 49%
Money owed to the company is 11.2% of assets, under the 49% limit.
Pass
Revenue purity
0.00%
Below 5%
Only 0.0% 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
Qnity Electronics clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 29%, inside the ~33% line, and almost none of its income is interest, so it passes.
Read as at 2026-10-04. It updates when the underlying figures move, and past reads are kept below.
What the Numbers Say It Is Worth
The Fair Value Range
Our framework reads OVERVALUED: it trades above our $112.72 fair value estimate, narrow competitive moat, 22.10% revenue growth.
Fair value range in USD, drawn from the 2026-09-28 screen. The gold marker is the market price at the same screen. The price runs 9.8% above the base estimate.
Third-party analyst targets: 8 covering, consensus None. The average target sits +44% from the screen price.
Reading the gap · Our more conservative model reads it as fully-to-richly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-28 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
Chip Materials Priced Well Beyond Fair Value
Picture a supplier to chip makers that must ride every boom and bust in fab spending. Qnity sells the materials those fabs need, yet the shares trade at a 23 percent premium to our fair value. Revenue is growing at 18 percent, yet the business earns just a 13 percent profit margin and a 7 percent return on equity while sporting only a narrow moat.
We pass. A forward multiple of 27.9 times earnings is rich for any cyclical supplier, and the low returns on capital show the company cannot compound value through the downturns that always arrive. The ethical screen is clear, yet valuation and returns on capital are not.
Analyst targets sit higher still, but those forecasts often peak right before orders slow. In this industry a low multiple can signal trouble ahead rather than a bargain, and here the multiple is anything but low. Analysis, not advice.
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
Q trades on a US exchange. 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 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 down 0.4% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it A. Technically it is momentum reading bullish. Our forward projection puts the odds of a 10% gain over the next month near 50%. The street (8 analysts) rates it strong buy, with a mean price target of $173.
2026-09-10Markdown · changed$125.47-7.5%Entry 5
The framework has shifted from distribution to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 7.5% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it A. Technically it is momentum reading bullish. Our forward projection puts the odds of a 10% gain over the next month near 50%. The street (8 analysts) rates it strong buy, with a mean price target of $173.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 4.5% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A. Technically it is momentum reading bullish. Our forward projection puts the odds of a 10% gain over the next month near 50%. The street (8 analysts) rates it strong buy, with a mean price target of $173.
2026-07-18Markup$142.05+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A. Technically it is momentum reading bullish. Our forward projection puts the odds of a 10% gain over the next month near 50%. The street (8 analysts) rates it strong buy, with a mean price target of $173.
2026-07-03Markup$142.05+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Markup$142.05Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.