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BLOCKHAVEN

Research Note · Companies, Equities

Blockhaven research ledger

A public record of each Blockhaven Deep Dive family: the rating on Blockhaven's five-level scale, the valuation date and price, conditional unweighted reference values, the evidence date, the edition and the first publication date.

By
Blockhaven Research
Publication status
Reading time
5 min read
CompanyBlockhaven RatingValuation date and priceDownside / reference / upsideEvidence throughFirst publication
Costco Wholesale Corporation (COST)1/5 POORNovember 2, 2026, $1,040.55$305.08 / $428.58 / $592.69November 7, 2026November 9, 2026
Caterpillar Inc. (CAT)1/5 POORNovember 2, 2026, $613.62$213.44 / $346.89 / $466.04November 7, 2026November 9, 2026
Visa Inc. (V)3/5 BALANCEDNovember 2, 2026, $425.51$237.26 / $365.04 / $462.33November 7, 2026November 9, 2026
Intuitive Surgical, Inc. (ISRG)1/5 POORNovember 2, 2026, $436.87$118.22 / $193.46 / $268.49November 7, 2026November 9, 2026
Netflix, Inc. (NFLX)3/5 BALANCEDNovember 2, 2026, $62.34$48.26 / $68.29 / $84.97November 7, 2026November 9, 2026

Costco Wholesale Corporation (COST)

  • Edition: cost-rf-99334ca65e9348f17eff
  • Valuation basis: Nominal USD; reported GAAP history; unweighted scenarios; balance sheet of 2026-08-30 carried to 2026-11-02 at the discount rate less the 1.47 dividend.
  • Calibration: A calibration baseline for this edition was registered in Blockhaven's calibration ledger on November 10, 2026 at 03:39 UTC (recorded by the system clock). A release receipt confirms that the files of this edition are byte for byte the files the ledger record binds (verification status VERIFIED_FAMILY). The receipt verifies the identity of the files only: it is not an approval of the research, a professional clearance or a statement that the valuation is correct. The ledger declares no dated test events and six undated prospective tests for this edition.
  • Documents: Deep Dive · Research Note · Learning Companion · Technical Appendix

Caterpillar Inc. (CAT)

  • Edition: cat-rf-ac0d339110c9b44a49fa
  • Valuation basis: Nominal USD; reported GAAP history; unweighted scenarios; present values per share at 2026-11-02 on 461.4749 million shares, not future exit values and not price targets.
  • Calibration: A calibration baseline for this edition was registered in Blockhaven's calibration ledger on November 10, 2026 at 03:39 UTC (recorded by the system clock). A release receipt confirms that the files of this edition are byte for byte the files the ledger record binds (verification status VERIFIED_FAMILY). The receipt verifies the identity of the files only: it is not an approval of the research, a professional clearance or a statement that the valuation is correct. The ledger declares four dated test events (T1 and T2 on February 2, 2027; T3 on April 29, 2027; T4 on October 28, 2027) and two undated prospective tests for this edition.
  • Documents: Deep Dive · Research Note · Learning Companion · Technical Appendix

Visa Inc. (V)

  • Edition: v-rf-7d2a64019ed8fd97a71c
  • Valuation basis: Nominal USD; reported GAAP history; unweighted scenarios; fiscal 2026 figures as reported in the annual report filed 2026-11-05.
  • Calibration: A calibration baseline for this edition was registered in Blockhaven's calibration ledger on November 10, 2026 at 03:39 UTC (recorded by the system clock). A release receipt confirms that the files of this edition are byte for byte the files the ledger record binds (verification status VERIFIED_FAMILY). The receipt verifies the identity of the files only: it is not an approval of the research, a professional clearance or a statement that the valuation is correct. The ledger declares no dated test events and five undated prospective tests for this edition.
  • Documents: Deep Dive · Research Note · Learning Companion · Technical Appendix

Intuitive Surgical, Inc. (ISRG)

  • Edition: isrg-rf-e3c5b2a34f1986f6784a
  • Valuation basis: Nominal USD; reported history; unweighted, conditional scenarios; values dated 2026-11-02 and not rolled forward by the refresh.
  • Calibration: A calibration baseline for this edition was registered in Blockhaven's calibration ledger on November 10, 2026 at 03:39 UTC (recorded by the system clock). A release receipt confirms that the files of this edition are byte for byte the files the ledger record binds (verification status VERIFIED_FAMILY). The receipt verifies the identity of the files only: it is not an approval of the research, a professional clearance or a statement that the valuation is correct. The ledger declares no dated test events and six undated prospective tests for this edition.
  • Documents: Deep Dive · Research Note · Learning Companion · Technical Appendix

Netflix, Inc. (NFLX)

  • Edition: nflx-rf-cd010a79475fb314bf63
  • Valuation basis: Nominal USD; reported history after the ten-for-one split; unweighted, conditional scenarios; values dated 2026-11-02 and not rolled forward by the refresh.
  • Calibration: A calibration baseline for this edition was registered in Blockhaven's calibration ledger on November 10, 2026 at 03:39 UTC (recorded by the system clock). A release receipt confirms that the files of this edition are byte for byte the files the ledger record binds (verification status VERIFIED_FAMILY). The receipt verifies the identity of the files only: it is not an approval of the research, a professional clearance or a statement that the valuation is correct. The ledger declares no dated test events and five undated prospective tests for this edition.
  • Documents: Deep Dive · Research Note · Learning Companion · Technical Appendix

What a Blockhaven Rating means, and what it is not: Research disclosures. The collection page links every report.

Corrections and updates

No corrections or updates have been made to this piece.

Blockhaven research is published for information and education. It is not personalized investment advice.

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