Value and Growth Variables

Value attribute for index construction is defined using:
  • Book value to price ratio
  • 12-months forward earnings to price ratio
  • Dividend yield.

Growth attribute for index construction is defined using:

  • Long-term forward earnings per share (EPS) growth rate*
  • Short-term forward EPS growth rate
  • Current internal growth rate
  • Long-term historical EPS growth trend
  • Long-term historical sales per share growth trend.

*The long term forward EPS growth rate variable is not used to define the growth style characteristics of securities in the MSCI Global Small Cap Indices due to a lack of consistent availability of that variable.