LThe Ledger Terminal
Sign In
The Ledger Terminal
⌘ K

About The Ledger Terminal

Standing on the Shoulders of Giants

In the 1960s, Warren Buffett discovered something remarkable in the pages of Value Line Investment Survey. The log-scaled price charts, dense with decades of earnings data, let him see what others missed — the true trajectory of a business over time. Charlie Munger would later call these charts "one of the great tools ever invented for investors." That tool lived on paper for decades: dense surveys, mailed out on a schedule, compiled by hand. We built The Ledger Terminal to bring the same idea fully online, running against SEC filings the day they're published.

Think of it as a Moody's Manual alternative for the SEC-filing era — the same dense, one-page format, now covering 10,000+ stocks instead of a curated few.

What We Built

A single-page stock research report — the same dense format behind Value Line's surveys, Moody's Manuals, and the tear sheets that shaped generations of professional investors. Each page combines:

  • Log-scaled valuation chart plotting price against fundamental fair value across 4 methods (P/E, P/FCF, P/CF, P/OE)
  • Up to 15 years of financial data extracted directly from SEC EDGAR filings for 10,000+ US stocks
  • 9-point quality checklist scoring profitability, growth, and balance sheet health
  • Stock screener with 200+ filters, keyboard navigation, and one-by-one cycling through results
  • AI-generated company briefing — business description, management outlook, and forward guidance, sourced solely from the company's own filings and earnings-call transcripts
  • Price alerts across 50 metric types — valuation, quality, growth, and price triggers, delivered by email
  • Direct links to every 10-K filing — one click to the source

There's no third-party data aggregator behind any of it — we parse the SEC filings ourselves.

Built for Investors Who Read

This is not a trading platform. We don't send push alerts about market volatility. We built The Ledger Terminal for people who sit with a company's numbers, think carefully, and make informed decisions.

Start researching, see pricing, or read our data & methodology.

The Ledger Terminal is an independent research tool. We are not affiliated with Value Line, Moody's, or Berkshire Hathaway. We simply share their belief that good investment decisions start with good information, presented clearly.