Methodology
GhostStocks is a financial-quality analysis tool. Here is plainly how the numbers are produced and what they can and cannot tell you.
What the score is
A Ghost Score is a mechanical summary of five relationships between figures a company reported in its own filings. The same arithmetic runs on every company. There is no model, no forecast, and no discretionary adjustment.
Each check returns 0 to 100 by comparing a measured ratio against fixed anchor points. Those anchors are set once and applied universally, so two companies with the same figures always receive the same score.
What the score is not
It is not investment advice, a price target, or a prediction. It says nothing about whether a share is cheap or expensive.
It is not an allegation of wrongdoing. A low score means reported figures moved in relation to each other in a way worth examining. There are ordinary explanations for most of those patterns: seasonality, acquisitions, working capital timing, revenue recognition structure, or a business model that simply looks different from its peers.
It is not a substitute for reading the filing. Every check names its source so the filing stays one click away.
Where the figures come from
Scores are computed from annual figures as reported: revenue, operating income, net income, operating cash flow, capital expenditure, accounts receivable, stock-based compensation, shares outstanding, debt, cash, and interest expense.
Score history re-runs the same five checks on each trailing window, so a change in the history line reflects a change in the company rather than a change in the method.
Known limits
Financial companies, REITs, and early-stage companies with little revenue are poorly served by ratios built for operating businesses. Treat their scores with extra caution.
Restated figures change past scores. When a company restates, its history line changes with it.
GhostStocks is an analysis tool, not investment advice and not a brokerage. A score describes the quality of a company's reported numbers, never whether its stock will rise or fall.