How Spriggl scores work
Last updated: June 2026
Every stock on Spriggl carries two independent reads: the Spriggl Score, computed from the company's reported numbers, and the AI Score, an analyst-style judgment of the whole situation. They often agree. When they don't, we show you the gap rather than hiding it — a disagreement between the numbers and the narrative is usually the most useful thing on the page.
The Spriggl Score — five pillars, equally weighted
The Spriggl Score (0–100) combines five pillars, each scored 0–100 from the company's own reported financials. No analyst forecasts, no price targets — just what the accounts say, interpreted with care.
Health
Can the balance sheet take a punch?Liquidity, leverage, cash generation and the cushion between assets and liabilities — weighed against any signs of genuine distress such as sustained losses or cash burn an early-stage balance sheet can't support. A profitable company with net cash scores high; a loss-making company burning through a thin equity base scores low, however exciting the story.
Growth
Is the business getting bigger?Revenue and earnings trajectory over the company's reported history. We measure what has actually been delivered, not broker forecasts.
Quality
Is it a good business, not just a solvent one?Margins, returns on capital, and the consistency of both. Specialist company types are measured on their own terms — investment trusts on manager performance and costs, listed private-equity vehicles on whether their valuations are backed by real exits.
Value
What are you paying for it?Valuation relative to earnings, assets and yield. A wonderful company can still be a poor investment at the wrong price — this pillar is the counterweight to the other four.
Trend
Which way is it travelling?The direction of the fundamentals: margins, returns, cash flow and balance-sheet strength, each compared with the prior year. A company can be weak but improving, or strong but deteriorating — Trend captures the difference between where a business is and where it's heading.
One size does not fit all. Banks and insurers are scored on regulatory capital strength where we hold it — the measure their own regulators use — rather than ratios designed for industrial companies. Investment trusts, REITs and listed private-equity funds each run through calculators built for their structure. Where a company doesn't fit the standard mould, the methodology note on its page says so.
The AI Score — the narrative read
The AI Score (0–100) is produced by our AI analyst process reading the company in the round: the latest results announcements, the strategic situation, the risks the numbers can't see and the strengths they haven't caught up with yet. It answers a different question from the Spriggl Score — not "what do the numbers say?" but "what do we make of this company?"
That difference is deliberate. A funded biotech burning cash on the way to approvals can be weak on the numbers and promising in the round. A company with pristine accounts can face a threat the balance sheet won't show for years. Where the two reads diverge materially, the stock's page says so — we'd rather show you the judgment call than pretend there isn't one.
AI Scores on covered stocks are refreshed when significant news breaks and reviewed on a rolling cycle, with every report carrying its date.
Coverage tiers
UK full coverage — our flagship tier. Daily monitoring of regulatory news (RNS), full AI analyst reports, timelines and verdicts, with dividend declarations sourced from the announcements themselves. The pulsing green dot on a stock row means this.
US full coverage — full scoring, AI analysis and price tracking, refreshed on a rolling cycle rather than daily news monitoring. A bonus, honestly labelled as a lighter touch.
Algorithmic coverage — the quantitative scores and fundamentals without an AI dossier. These stocks are screenable and scored; they just don't carry a written analysis yet.
The data behind it
Fundamentals come from company accounts via established market-data providers, increasingly supplemented by figures we extract directly from companies' own results announcements — when a company reports, we'd rather use its numbers than wait for a vendor to catch up. Dividends on covered UK stocks are sourced from the declaring RNS itself. Prices update through the trading day. Where we override or correct vendor data, we do it from a primary source and keep the audit trail.
What we don't do
We don't give investment advice, and no score is a recommendation to buy, sell or hold. We don't publish price targets or forecasts — every number on Spriggl is grounded in what has actually been reported. We don't hide disagreement between our own instruments. And we don't pretend AI is infallible: reports can contain errors, which is why every figure links back toward its source and every report carries its date.