[acconrad]

Yes, I agree! Metrics are extremely important in screening out for value stocks. What I'm saying simply is that there is no singular magical metric that can wipe out hours and hours of research. To simply list all stocks by EV/FCF ordered by cheapness will not automatically create a winning portfolio.

[aaavl2821]

There's a sort of common strategy that uses EV / FCF (or something like that) as a metric for cheapness and ROIC as a metric for "good" businesses (to avoid value traps). I believe it has done pretty well

[acconrad]

It's the Magic Formula (EV/EBIT and ROIC) and it has not always performed well:

https://seekingalpha.com/article/4116677-greenblatts-magic-w...