AKKUR ratings express the difference between the market price and AKKUR's estimate of intrinsic value at the time of publication. They measure mispricing, not expected return, and no claim is made that price will converge to fair value within any particular period.
| Ticker | Company | Sector | Rating | Price | Target | Disc./Prem. | Rating date |
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Fair value is estimated using at least two independent methods, documented in each report. The rating follows mechanically from the difference between the market price and fair value at publication:
Companies marked SPEC carry a Speculative overlay, widening the bands to ±25% where the fair value estimate carries materially elevated uncertainty. The overlay is applied symmetrically and raises the bar for both BUY and SELL.
Up to two BUY-rated names may carry a TOP PICK marker at any time. These are AKKUR's highest-conviction ideas, combining a meaningful valuation gap with favourable catalyst visibility or risk asymmetry. Top Pick is a signal layered onto a BUY rating; it does not change the BUY threshold and is removed when the rating falls below BUY, when displaced by another name, or when the thesis materially changes.
Ratings are reviewed at least annually and on material events. Quarterly earnings do not automatically trigger a review; they do so only where they materially affect the investment thesis.