Spitznagel Faustmann Ratio

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This is a rough version of the Faustmann Ratio metric that Mark Spitznagel presents in The Dao of Capital. The purpose is to conservatively calculate the price of the company (market cap) relative to net worth. Over a medium term horizon, the theory is that companies which have a high ROIC (see my other script) combined with a low Faustmann Ratio (color coded to give you a rough idea) should generally outperform. Please don't take this short summary as an excuse to not read the full book. It's well worth your time. (I am not affiliated with the author in any way.)

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This update changes the indicator color to orange when the ratio drops below zero, as it is not necessarily a no-go but a sign of greater caution.

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Bug fixes:
* Numeric display of the Faustmann Ratio is now to 2 decimal places of precision. The graph was always correct, but previously TradingView would occasionally display only a whole number.

Enhancements:
* The study now works for corporations that report annually. PineScript has no feature to get the most recent balance sheet value, so I hacked this up for all values as many companies outside the US report only annually.