Wanger (Revised) Screen

Ralph Wanger looked for small companies with real operating momentum and a price that had not run ahead of it, and the revised screen keeps that shape. Market capitalization frames the size limit, quarterly revenue and operating income cover the growth test, and trailing earnings per share, last quarter EPS and trailing cash flow per share cover what the business actually earns.

Current price sits alongside so the cash flow multiple is easy to compute. Every column is a MarketXLS formula, letting the screen re-run over a new small cap list without rebuilding the sheet.