12 U.S. stocks setting the pace for operational performance

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We are looking for undercover U.S. industry leaders identified with an economic value-added (EVA) methodology

leads our list with the highest EVA on capital, a remarkable 24.9 per cent, and an impressive SP performance score of 88.1. However, this exceptional performance comes with a notable price tag, as evidenced by Mastercard’s MVA to market capitalization ratio of 91.7 per cent. In practical terms, this means that for every dollar of market capitalization, just 8.3 per cent corresponds to tangible capital, which includes equity and debt. Mastercard and Visa Inc.

Investors are advised to do further research before investing in any of the companies listed in the accompanying table.Anthony Ménard, CFA, is vice-president of data management at Inovestor.

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