Transparent Value


	Do you know how many iPods Apple has to sell, auctions eBay has to list, and packages FedEx has to ship to support their stock prices?

WHY IS THIS IMPORTANT?

Because the number of iPods Apple has to sell, or auctions eBay has to list, or packages FedEx has to ship, are the Required Business Performance® components for these companies and knowing these numbers is critical to understanding the value of these companies.

Required Business Performance^® (RBP^®) is the revenue necessary to support a given stock price for a given company. It not only tells us the revenue that is necessary, it works all the way back to the RBP® components to tell us at the most granular level how many iPods, desktops and portables Apple has to sell, or how many auctions eBay has to list, or how many packages FedEx has to ship to support their stock prices.


	Do you know how many iPods Apple has to sell to support a $194.12 share price?

WHY IS THIS IMPORTANT?
Because selling iPods, desktops, portables and iPhones is what Apple does on a day-to-day basis and knowing how much they need to sell to support their stock price and the likelihood that management can actually deliver the performance is the cornerstone of both the Transparent Value investing philosophy and the Dow Jones RBP^® Indexes methodology.

RBP PROBABILITY
There is a 76.83 % chance that Apple's management will deliver the required business performance to support a $194.12 stock price.


	Do you know how many listings eBay needs to support a $22.49 share price?

WHY IS THIS IMPORTANT?
Because getting more listings, users, accounts and payments is what eBay does on a day-to-day basis and knowing how many they need to support their stock price and the likelihood that management can actually deliver the performance is the cornerstone of both the Transparent Value investing philosophy and the Dow Jones RBP^® Indexes methodology.

RBP PROBABILITY
There is a 34.18 % chance that eBay's management will deliver the required business performance to support a $22.49 stock price.


	Do you know how many overnight boxes FedEx has to ship to support a $76.69 share price?

WHY IS THIS IMPORTANT?
Because shipping boxes, envelopes and freight is what FedEx does on a day to day basis and knowing how much they need to ship to support their stock price and the likelihood that management can actually deliver the performance is the cornerstone of both the Transparent Value investing philosophy and the Dow Jones RBP^® Indexes methodology.

RBP PROBABILITY
There is a 13.89 % chance that Fedex's management will deliver the required business performance to support a $76.69 stock price.


	Do you know how many website advertising clicks Google has to generate to support a $533.47 share price?

WHY IS THIS IMPORTANT?
Because generating more website advertising (ad) clicks and licensing revenue is what Google does on a day-to-day basis and knowing how much they need to have to support their stock price and the likelihood that management can actually deliver the performance is the cornerstone of both the Transparent Value investing philosophy and the Dow Jones RBP^® Indexes methodology.

RBP PROBABILITY
There is a 43.56 % chance that Google's management will deliver the required business performance to support a $533.47 stock price.


	Do you know how much revenue per available room night Marriot needs to support a $25.95 share price?

WHY IS THIS IMPORTANT?
Because generating more revenue per available room night is what Marriott does on a day-to-day basis and knowing how much revenue they need to generate to support their stock price and the likelihood that management can actually deliver the performance is the cornerstone of both the Transparent Value investing philosophy and the Dow Jones RBP^® Indexes methodology. Learn more >>

RBP PROBABILITY
There is a 76.83 % chance that Apple's management will deliver the required business performance to support a $194.12 stock price.


	Do you know how many stores Starbucks has to open to support a $21.91 share price?

RBP PROBABILITY There is a 76.83 % chance that Apple's management will deliver the required business performance to support a $194.12 stock price.

WHY IS THIS IMPORTANT?
Because opening stores is what Starbucks does on a day-to-day basis and knowing how many stores they need to open to support their stock price and the likelihood that management can actually deliver the performance is the cornerstone of both the Transparent Value investing philosophy and the Dow Jones RBP^® Indexes methodology. Learn more >>