How is the 80% of the current price reference value used?

The “80% of the current price” figure is displayed in the Stock Selection Guide as a reference point to help you evaluate the reasonableness of your chosen projected low price. Said another way, it is recommended that the forecasted low price be at least 20% below the current price to account for normal market volatility. The 80% value is not applied automatically by the Online Tools—rather, it is shown so you can compare it to your calculated low price based on forecasted low P/E times low EPS. If 80% of the current price results in a lower forecasted low price value, you may choose to use it as a more conservative estimate. Ultimately, the projected low price is always selected by the user, not by the tool.