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Notes from the editorial desk.

Long-form essays, short dispatches, and methodology dives — written in the same voice as the Brief, with citations you can follow.

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Five States of a Premium: Watching a Stock's Valuation Story Change Before the Price Does

Diligence analysts usually notice a stretched valuation premium cracking only after the price has already moved, and LacunaIndex's five-state valuation-spread classification is built to flag that shift in peer-relative pricing before it shows up as a headline move.

By LacunaIndex Team · valuation · narrative-premium · multiples · benchmarks · diligence-workflow