Asset value calculators

• US 3,933,305 A
• Filed: 08/23/1974
• Issued: 01/20/1976
• Est. Priority Date: 08/23/1974
• Status: Expired due to Term

• Current Assignee: John Michael Murphy
• Original Assignee: John Michael Murphy
• Inventors: Murphy, John Michael
• Primary Examiner(s): Franklin, Lawrence R.
• Application Number:
  US05/499,758
• Time in Patent Office: 515 Days
• Field of Search: 235/70 R, 235/70 A, 235/78 F, 235/85, 235/88 F, 235/89 R
• US Class Current: 235/70.00A
• CPC Class Codes: G06G 1/0073 for commerce, bank or invoicing

Abstract

A new and novel device for calculating the intrinsic, fair and proper value of real and financial assets according to predetermined mathematical relationships or formulas embodied in the device. The device may take the form of a linear sliding calculator, a slide chart, a rotary disc calculator, or any combination of these. The current market price of the real or financial asset is of incidental or no importance to the calculation of the intrinsic, fair and proper value.

Claims

1. A device for calculating the intrinsic, fair and proper value of certain financial assets comprising:

a body member consisting of a sleeve having a plurality of windows thereon;

a plurality of slides receivable in said sleeve;

a first index mark adjacent one of said plurality of windows;

a first logarithmic scale on one of said slides denoting a quality factor for said financial asset viewable through said one window;

a second window;

a logarithmic scale along one edge of said first slide denoting the current price of a market index viewable through said second window;

a logarithmic scale along one edge of a second slide denoting the yearly earnings of said market index viewable through said second window, said market index current price scale and said market index yearly earnings scale being juxtaposed so that values on each scale may be aligned by relative motion of said first and second slides;

a third window;

a logarithmic scale along the opposite edge of said second slide denoting the yearly earnings of said financial asset viewable through said third window;

a logarithmic scale along one edge of a third slide denoting the ratio [(1 + company factor)/(1 + market factor)]¹² viewable through said third window, said financial assets earning scale and said ratio scale being juxtaposed so that values on each scale may be aligned by relative motion of said second and third slides;

a fourth window;

a second index mark on said sleeve adjacent said fourth window; and

a logarithmic scale denoting the fair and proper value of said financial asset on said third slide viewable through said fourth window, whereby known values of financial asset quality factor, market index current price, market index yearly earnings, financial asset yearly earnings, and said ratio may be entered by placing said quality factor opposite said first index mark, said market index yearly earnings opposite said market index price, and said ratio opposite said financial asset yearly earnings, and the fair and proper value of said financial asset may be read out opposite said second index mark.

2. A device according to claim 1 for calculating, in addition, the percentage change from the current price of a financial asset to the intrinsic, fair and proper value of said asset, comprising:

a logarithmic scale denoting the current price of said financial asset along the opposite edge of said third slide viewable through said fourth window; and

a logarithmic scale denoting percentage change on said sleeve adjacent to said fourth window, said financial asset current price scale and said percentage change scale being juxtaposed so that when the intrinsic, fair and proper value of said financial asset is set opposite said second index mark, the percentage change from the current price of said financial asset to the intrinsic, fair and proper value of said asset may be read out on said percentage change scale opposite the current price on said current price scale.

3. A device according to claim 1 for calculating, in addition, the said ratio comprising:

said body member having fifth, sixth, and seventh windows thereon;

a third index mark adjacent one edge of said fifth window;

a logarithmic scale on a fourth slide denoting the current price of a financial commodity and being viewable through said fifth window adjacent said third index mark;

a second logarithmic scale on said fourth slide denoting the normal dividend of said commodity and being viewable through said fifth window adjacent the edge opposite said third index mark;

a logarithmic scale on said body member adjacent said fifth window opposite edge denoting the dividend yield of said commodity such that when the current price of said commodity is set opposite said third index mark, said dividend yield may be read out on said dividend yield scale opposite the normal dividend on said normal dividend scale;

a fourth index mark adjacent said sixth window;

a linear scale on a fifth slide denoting the growth rate of said commodity and being viewable through said sixth window adjacent said fourth index mark;

a second linear scale on said fifth slide denoting a commodity factor viewable through said sixth window adjacent the edge opposite said fourth index mark;

a linear scale on said body member adjacent said sixth window opposite edge denoting the dividend yield of said commodity, whereby the commodity factor is read opposite the dividend yield scale when the growth rate is set opposite said fourth index mark;

a fifth index mark adjacent said seventh window;

a pair of commodity factor scales on a sixth slide corresponding to said company factor and said market factor, respectively, viewable through said seventh window; and

a logarithmic scale denoting said ratio on said body member adjacent said seventh window, said pair of scales and said ratio scale being relatively located such that when said market factor is set opposite said fifth index mark, the said ratio is opposite said company factor.

4. A device according to claim 3 wherein said fifth, sixth, and seventh windows are on the opposite side of said sleeve from said first, second, third, and fourth windows, and said fourth slide is the opposite side of said third slide, said fifth slide is the opposite side of said second slide, and said sixth slide is the opposite side of said first slide.