Foundational Statement
Structure precedes performance.
ABSA exists to correct a persistent analytical inversion: the habit of judging businesses by outcomes before establishing whether their financial structure can endure adverse conditions without forfeiting discretion.
ABSA does not estimate fair value. It establishes whether valuation arguments remain structurally meaningful.
ABSA does not issue recommendations. It classifies structural states and identifies disqualifying conditions.
ABSA is filings-first: 10-Ks, 10-Qs, and audited financial statements—interpreted with constraint discipline.
Primary Reference Page
The ABSA Scale Registry records classification across 25 systemic operating constituents. Systemic relevance is a selection criterion—not a structural verdict. Constituents may fall anywhere on the ABSA Scale (Class I–V). S.A.V. (Structural Autonomy Value) is withheld by doctrine.
Foundational memorandum: The Admissibility of Financial Analysis.
The operational doctrine—definitions, constraints, and classification thresholds—is disclosed only in The Forensic Lexicon (Vol. I).
Registry
ABSA Scale (Top 25)
The public registry of record: 25 systemic operating constituents, classified under ABSA doctrine. Minimal rationale. S.A.V. withheld. Filing-date keyed updates.
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Library
Filings Guides
Read corporate filings for structure—not for narrative. Learn where the evidence lives and what the statements can and cannot justify.
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Doctrine
Lexicon Preview
Conceptual definitions only. No formulas. No thresholds. Designed to impose discipline where language tends to drift.
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Framework Memoranda
Public summaries. Illustrative only.
These memoranda document interpretive posture and analytical sequence. They do not disclose operational tests, thresholds, weights, or worked classification examples.
The operational doctrine remains disclosed only in The Forensic Lexicon (Vol. I).
Constituent Protocol
Exclusions are not omissions. They are safeguards.
ABSA does not pursue coverage. It pursues structural consistency. Certain industries produce balance sheets whose meaning is inseparable from regulation, leverage mechanics, or asset-character distortions. In such cases, analysis becomes a semantic exercise rather than a structural one.
Excluded
Banks & Insurers
Structure is dominated by regulatory capital and funding mechanics.
Excluded
REITs & Real Estate Structures
Asset-operating conflation distorts interpretive signals.
Excluded
Price-First Valuation
Pricing before structure produces false precision and narrative capture.
Operational Disclosure
Acquire the doctrine. Apply it responsibly.
The public library establishes boundaries and corrects common analytical inversions. The operational doctrine—definitions, constraints, and classification thresholds—resides in The Forensic Lexicon (Vol. I).
No recommendations. No targets. Controlled vocabulary for structural reading of filings.