ISS EVA Research Roundup: February 26th, 2026

Weekly Research

Names in the News: DPZ & DG FP (report)

This week we cover Domino’s Pizza, Inc. and Vinci SA. DPZ has been driven by strong U.S. same-store sales growth. The firm was upgraded to ‘Buy’ in the U.S.-relative PRVit framework in November 2025. DG FP’s announced that it has entered into exclusive talks with the French government for the concession of the A154 and A120 motorway link.

Successful Capital Discipline (report)

Capital discipline and economic Profitability is possible…. Capital discipline is an important part of the value creation story, particularly for those industries that are more capital intensive. Markets have been concerned over AI investment failing to give an appropriate EVA Margin in the future. We take the opportunity to screen our developed market coverage to see firms that have been able to grow Current Value Added without the need for growing Capital (Winners) and those that have grown Capital but have seen value creation come through (Justified).

Pharma Update: U.S. Large Cap (report)

Since our 2026 Roadmap was published in mid-January, six of the largest Pharma names have had new quarterly data ingested into our platform. Four of those six names saw an improvement in EVA Momentum, and two of those names saw their EVA Momentum go from declining to improving.

DM Consumer Staples: 8 Roadmap Picks With Improving EVA Trends (report)

We started off 2026 with an ‘Underweight’ stance on the global Consumer Staples sector in our 2026 Consumer Staples Roadmap. EVA Momentum (growth) showed some signs of recovery in Q3 2025 but failed to turn positive and rolled over again in the subsequent quarter, pressured by weakening P&L profitability that was somewhat offset by improving sales growth.

Electric Utilities: Expectations Temper as Capital Investment Hits 20-Year High (report)

The level of economic profitability for the global Electric Utilities industry has contracted over the past six quarters. The industry has seen a significant ramp up in net PP&E investment over the past three years as firms are moving to capitalize on increased energy demand linked to AI-related data center development.

Weekly Watchlist: Tracking the Top EVA Changes (report)

For this week’s improvers in the PRVit framework, we take a deep dive into three firms Koninklijke Ahold Delhaize (ADRNY)

U.S. Energy: EVA Fundamentals and the Oil Price (report)

The global energy landscape continues to be shaped by rising oil prices and increasing geopolitical instability amid U.S.-Iran tensions. In our 2026 Energy Sector Roadmap, we mentioned that the price of oil remains a key indicator for improving EVA. In this report, we discuss the implications of the recent outlook for lower oil prices, particularly, how expected stabilization in the $60–$70 range may influence future economic profitability and operating leverage for the sector.

Quant Report

Quant Corner: February 26, 2026 – New Format (report)

Through the fourth week of February, we see PRVit generating alpha everywhere except Europe and Japan. Profitability worked well in the U.S. and the U.K. Risk worked in the U.S., but investors were Risk-on everywhere else. Quality worked in the U.S. and the U.K., while cheap Value outperformed expensive Value in all regions except the U.S. and the U.K.

Chart of the Week

Spread between Value & Quality Peaking Out?

Value started performing in the 2H of 2025 and has driven returns so far for most of 2026. The spread between Quality and Value has continued to widen out. Could this be the turning point for Quality? See this week’s Quant Corner (new format!) for more on what factors are working across different regions.

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Originally Posted on February 26, 2026