Methodology
What Is the MarketRipple Score?
MarketRipple Score is a 0–100 company assessment built from three weighted pillars — Financial Strength, Valuation and Market Behaviour — using the exact same formula and rating scale for every supported sector, bank or non-bank. Current Intelligence, MarketRipple's real event and opportunity evidence, is shown separately on every company page but never enters this weighted number. A score is published only once minimum evidence requirements are satisfied.
A higher score represents stronger conditions across the factors MarketRipple evaluates. It is not a prediction of future share-price returns and not a buy/sell recommendation.
The Score
What makes up the score?
Every MarketRipple Score — bank or non-bank — is the same weighted blend of three pillars, using exact fixed weights: 8/15 Financial Strength, 4/15 Valuation, 3/15 Market Behaviour. All three must be available or no headline number is shown at all; MarketRipple never blends a subset of them with adjusted weights.
Financial Strength
Sector-specific financial health and operating performance, built from real, verified regulatory and market data — the raw inputs differ by sector, the weight doesn't.
Valuation
Valuation relative to the eligible peer universe for that sector, plus the company's own historical valuation range.
Market Behaviour
Real, current price behaviour and relative performance.
Current Intelligence — shown separately, never part of the score
Real evidence from MarketRipple's event and company-intelligence system — published analysis and tracked opportunity signals — appears in full on every company page, but structurally cannot affect the MarketRipple Score number, present or not. It answers a different question (how much current evidence exists about this company) than the score does (its financial/valuation/market condition).
One Formula, Sector-Specific Inputs
Which sectors does MarketRipple Score cover?
Banking and 19 non-bank sectors share the exact same headline formula, rating bands and missing-pillar rule above — only the Financial Strength pillar's own raw inputs differ, since a bank is never scored on inventory turnover and a real-estate company is never scored on Net NPA.
Banking — 7 real inputs, this quarter's latest filing
- Gross NPA %NSE regulatory filing
- Net NPA %NSE regulatory filing
- CET1 RatioNSE regulatory filing
- ROANSE regulatory filing
- ROEMarket data
- NII GrowthMarket data
- Profit GrowthMarket data
Five real, originally-proposed Banking metrics aren't yet part of the score — either the source doesn't carry them at all, or there isn't enough real history yet for a genuine growth rate: CASA Ratio, Provision Coverage Ratio, Total CAR, Deposit Growth, Advances Growth.
Non-Bank Sectors — 6 real inputs
- Revenue Growth %Market data
- Profit Growth %Market data
- ROEMarket data
- ROCEMarket data
- Debt-to-EquityMarket data
- Interest CoverageMarket data
Applies to: Technology, FMCG, Automotive, Pharmaceuticals, Chemicals, Consumer, Metals, Infrastructure, Power, Energy, Real Estate, Telecom, Media, Cement, Healthcare, Textiles, Electronics, Retail, Defence. Finance, Insurance and any other sector not listed here don't have an approved methodology yet — their companies show an honest "not yet supported" state, never a fabricated score.
Peer Groups
Why can a score change when a sector grows?
Valuation and Financial Strength are measured against the other companies in the same sector, as a percentile. The score describes where a company stands among its peers, not an absolute grade.
When MarketRipple adds companies to a sector, every company in it is re-ranked against the larger group. A company whose own financials did not change can therefore move up or down, and can cross a rating band. Each company page shows the date the score was calculated and how many peers it was ranked against.
A company that has no score shows the specific reason: not calculated yet, financial data awaiting an update, insufficient price history or coverage, or a business type MarketRipple does not score yet. Nothing is estimated to fill the gap.
Evidence Quality
How does MarketRipple validate the data it scores?
MarketRipple validates source financial data before it becomes eligible for scoring.
Excluded, never corrected
A value that fails a quality check is excluded from that score entirely — MarketRipple never estimates, corrects, or silently replaces a value it doesn't trust.
Insufficient evidence, no score
If too much evidence is excluded, MarketRipple may choose not to publish a score for that company at all, rather than publish one built on weak evidence.
Evidence Coverage
What does "Evidence coverage" mean?
Evidence coverage is not a confidence score.
It indicates how much of the evidence expected by the methodology was available and eligible when the score was calculated — not how sure MarketRipple is about its interpretation. A company can have high coverage and a low score, or lower coverage and a strong score; the two numbers answer different questions.
Publication Requirements
When does MarketRipple publish a score?
A score is published only once a company clears all of the following — the same rules for every supported sector, just measured against that sector's own real Financial Strength metric count (7 for Banking, 6 for non-bank sectors).
Enough real Financial Strength metrics
At least 5 of 7 for Banking, or 4 of 6 for a non-bank sector — a real, verified value for each.
At least 65% overall evidence coverage
Enough real evidence across Financial Strength, Valuation and Market Behaviour combined.
A real, eligible financial reporting period
At least one recent, verified financial period free of quality issues.
Financial Strength always required
Every other pillar can tolerate some missing evidence — Financial Strength cannot be absent.
A company that doesn't clear these requirements shows "MarketRipple Score unavailable" with a plain-language reason — never a score built on evidence MarketRipple doesn't trust.
Ratings
What do the rating labels mean?
Every published score also carries one of four labels, based on the same 0–100 score.
| Rating | Score range |
|---|---|
| Strong | 75 – 100 |
| Positive | 60 – 74 |
| Neutral | 45 – 59 |
| Cautious | 0 – 44 |
How often does the score update?
Scores are recalculated as underlying MarketRipple data is refreshed. Different components update at different frequencies — Financial Strength changes around financial reporting cycles, Market Behaviour can change much more frequently, and Current Intelligence evolves as new evidence enters MarketRipple.
What the MarketRipple Score Does — and Doesn't Do
Does
- Combine real financial, valuation, market and intelligence evidence into one score
- Disclose how much real evidence went into each score
- Exclude data it can't verify, rather than estimate it
- Withhold publication when evidence is insufficient
Does Not
- Predict future share-price returns
- Provide a buy/sell recommendation
- Estimate missing data to complete a score
- Cover every sector yet
Questions
Frequently Asked Questions
Why doesn't every company have a MarketRipple Score?
MarketRipple Score covers Banking and 19 non-bank sectors today. A company in a sector without an approved methodology yet (Finance and Insurance today, due to their fundamentally different balance-sheet structure) shows an honest "not yet supported" state — never a fabricated score. Its real evidence still appears on its Company page under Current Intelligence, just not under the MarketRipple Score name.
Why does a bank sometimes show "MarketRipple Score unavailable"?
A score is only published once a company clears MarketRipple's minimum evidence requirements (see Publication Requirements above). If verified financial data is insufficient, or overall evidence coverage is too thin, MarketRipple does not publish a score for that company rather than publishing one built on weak evidence.
Is evidence coverage the same as confidence?
No. Evidence coverage measures how much of the evidence the methodology expects was actually available and eligible when the score was calculated. It says nothing about how certain MarketRipple is in its interpretation — those are two different questions, and MarketRipple doesn't collapse them into one number.
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