PRF007Factor HubProfitability FactorsMedium
Economic Value Added Factor
EVA nets the cost of capital out of profits; positive spreads mean genuine wealth creation.
Formula
EVA = NOPAT - WACC × 投入资本Performance (Top-30 equal-weight long, monthly rebalance)
Annualized return
3.98%
Sharpe ratio
0.32
Max drawdown
-31.96%
Total return
47.80%
Cumulative performance（2016-09 … 2026-08）
2016 -9.4%2017 -8.3%2018 -6.3%2019 +32.8%2020 +16.2%2021 +14.9%2022 +25.9%2023 -13.8%2024 +6.3%2025 -8.8%2026 +1.6%
Current top-30 holdings
| # | Ticker | Company | Score |
|---|---|---|---|
| 1 | AEP | American Electric Power | 211.797 |
| 2 | DELL | Dell Technologies | 182.342 |
| 3 | TGT | Target | 96.289 |
| 4 | TER | Teradyne | 95.035 |
| 5 | PCAR | Paccar | 74.731 |
| 6 | PEP | PepsiCo | 29.475 |
| 7 | EBAY | eBay | 27.079 |
| 8 | EXC | Exelon | 14.693 |
| 9 | SMCI | Super Micro Computer | 12.071 |
| 10 | CVS | CVS Health | 11.997 |
| 11 | PCG | PG&E | 10.940 |
| 12 | XEL | Xcel Energy | 10.604 |
| 13 | EL | Estee Lauder | 8.947 |
| 14 | LEN | Lennar | 7.236 |
| 15 | VICI | VICI Properties | 4.924 |
| 16 | EIX | Edison International | 3.895 |
| 17 | PSA | Public Storage | 3.565 |
| 18 | GM | General Motors | 3.556 |
| 19 | FCX | Freeport-McMoRan | 3.439 |
| 20 | GLW | Corning | 3.287 |
| 21 | KLAC | KLA | 3.103 |
| 22 | CL | Colgate-Palmolive | 2.797 |
| 23 | BMY | Bristol-Myers Squibb | 2.783 |
| 24 | MU | Micron Technology | 2.572 |
| 25 | SYK | Stryker | 2.526 |
| 26 | CSX | CSX | 2.352 |
| 27 | FANG | Diamondback Energy | 2.322 |
| 28 | ED | Consolidated Edison | 2.309 |
| 29 | USB | U.S. Bancorp | 2.118 |
| 30 | REGN | Regeneron | 1.981 |
Holdings computed by the exact formula above at the latest month-end observation on the deterministic research panel (2026-08).
Data export
Exports include formulas, performance statistics, the 120-month series and current holdings — everything needed to replicate results locally.