What is the Visno Score
The Visno Score is a rating from 0 to 10 assigned to every stock listed on B3. It condenses multiple fundamental indicators into a single number, making it easy to quickly compare companies across different sectors and sizes.
The score is made up of six pillars — each evaluating a different dimension of the company's financial health and attractiveness. The higher the score, the more soundness criteria the company meets.
The 6 Pillars
Profitability
Assesses the company's ability to generate returns on invested capital. Indicators considered include ROE and ROIC, compared against historical averages. Companies that generate consistent returns on capital tend to create value over the long term.
Liquidity
Measures the company's ability to meet short-term obligations, using indicators such as Current Ratio and Quick Ratio. Reflects the ability to honor commitments without compromising operations.
Leverage
Analyzes debt levels relative to cash generation and equity, with metrics such as Net Debt/EBITDA. Heavily indebted companies are more vulnerable during high-interest-rate cycles or revenue downturns.
Consistency
Assesses the predictability of results over time, considering earnings history and stability. Predictable results reduce the risk of the investment thesis.
Growth
Measures revenue growth over the years, focusing on consistent growth. Rising revenue signals market expansion and strategy execution.
Marketability
Analyzes the stock's liquidity in the market, considering trading volume and free float. Stocks with good liquidity allow investors to enter and exit without a major price impact.
How the Visno Score is calculated
Each pillar is converted into a score from 0 to 10 based on predefined quantitative ranges and criteria. These scores are combined into a weighted average to produce the final score.
The criteria were designed to balance return, risk, and liquidity, allowing for an objective and comparable evaluation across companies.
Marketability carries special weight: stocks with very low trading volume receive a score of zero on this pillar, which zeroes out the final score. This ensures the ranking highlights only companies with enough liquidity for investors to trade safely.
Data Sources
The data used is drawn from public, official sources:
- CVM — financial statements (DFP and ITR)
- B3 — market and trading data
Indicators and scores are updated daily based on the most recent information available from these sources.
The Role of Artificial Intelligence
Visno combines deterministic calculation with natural-language explanations, pairing numerical precision with accessibility.
- Visno Score — deterministic, auditable, and reproducible calculation, based on rules and financial indicators
- AI-written analysis — translates the numbers into accessible reading, putting each pillar's results in context for the investor
This separation ensures the score stays consistent and the interpretation stays clear and useful.
How to use the Visno Score
- Starting point for analysis — the score highlights companies with solid fundamentals; go deeper with qualitative analysis on governance, sector context, and news
- Complement with qualitative factors — management changes, macroeconomic conditions, and recent events aren't part of the calculation and should be evaluated separately
- History as a baseline — the indicators reflect past performance and serve as a reference for evaluating the company's trajectory
- Comparability across sectors — standardized criteria allow direct comparison between companies; account for sector-specific nuances when interpreting results
Legal Notice
The Visno Score and all platform content are for informational and educational purposes only. They do not constitute investment advice.
Decisions should be made by the investor, preferably with professional support.