Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.14, read 2026-10-27
Ethical passes the values gate
Price45.53 USD
Fair value64.12
Ethical score70.0/100
Our investment reviews on this name
2026-10-11Read Accumulation41.74+9.1% to today ✓Markdown gives way to Accumulation
2026-09-18Read Markdown42.23+7.8% to today Distribution gives way to Markdown after a 20% slide in 4 weeks
2026-08-19Read Distribution53.02-14.1% to today ✓Markup gives way to Distribution after a 6% rise in 7 weeks
2026-07-02Read Markup50.25-9.4% to today First review on file: Markup
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.
Clear Secure, Inc. holds its Accumulation at $45.53. Consolidating, no directional conviction, held for 41 days.
As held on the ledger · 2026-10-27
Phase
Accumulation
Quantitative state
Consolidating, no directional conviction, held for 41 days
Price at the screen
$45.53
Valuation
30.49 trailing · 17.44 forward price to earnings
Values screen
PASS· score 70.0
Beta
0.99
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
8.62%
Below 33%
Interest-bearing debt is just 8.6% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.21%
Below 33%
Cash held in interest-bearing accounts and securities is 0.2% of assets, under the one-third limit.
Pass
Receivables
6.73%
Below 49%
Money owed to the company is 6.7% of assets, under the 49% limit.
Pass
Revenue purity
2.71%
Below 5%
Only 2.7% 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
Clear Secure, clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 9%, inside the ~33% line, and interest is about 3% of its income, under the ~5% line, so it passes.
Read as at 2026-10-27. It updates when the underlying figures move, and past reads are kept below.
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Fair value range in USD, drawn from the 2026-10-27 screen. The gold marker is the market price at the same screen. A 41.1% margin of safety to the base estimate.
Third-party analyst targets: 6 covering, consensus Buy. The average target sits +33% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
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 2026-10-27 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
Airport fast lanes still face scaling limits
Anyone who has sprinted through security at a major US hub knows the appeal of skipping the queue with a quick identity check. Clear Secure runs that service through its multi-layered platform and shows revenue growth of 20 percent alongside a 13 percent profit margin and 110 percent ROE. Yet the opportunity rating sits at none, so we pass despite the 21 percent margin of safety to fair value and a clean ethical screen.
The forward P/E of 21.6 times looks reasonable next to analyst targets clustered near 68, yet an unknown moat leaves the durability of those returns open to question. Growth has been solid in a concentrated US market, but the business still depends on airport partnerships that can shift with regulation or new entrants.
Risk therefore centres on whether high returns can be sustained once competition or policy changes erode the current edge. The numbers look attractive on paper, yet the absence of a clear protective advantage keeps us on the sidelines.
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
YOU 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
2026-10-28Accumulation$45.43+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 up 103%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (7 analysts) rates it none, with a mean price target of $62. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-25Accumulation$45.43+0.9%Entry 9
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 0.9% 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 up 103%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (7 analysts) rates it none, with a mean price target of $62.
2026-10-18Accumulation$45.02+7.9%Entry 8
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 7.9% 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 holding around 41% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 103%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (7 analysts) rates it none, with a mean price target of $62.
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 0.0% 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, carrying a low risk profile. Technically it is holding around 41% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 103%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (7 analysts) rates it none, with a mean price target of $62.
2026-10-02Markdown$41.74-1.2%Entry 6
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 1.2% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 41% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 103%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (7 analysts) rates it none, with a mean price target of $62.
2026-09-18Markdown · changed$42.23-20.4%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 20.4% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 41% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 103%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (7 analysts) rates it none, with a mean price target of $62.
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 up 5.5% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 41% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 103%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (7 analysts) rates it none, with a mean price target of $62.
2026-07-18Markup$50.25+0.0%Entry 3
Our analysis 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 passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 41% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 103%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (7 analysts) rates it none, with a mean price target of $62.
2026-07-03Markup$50.25+0.0%Entry 2
Our analysis 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 passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Markup$50.25Entry 1
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). 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.
