Why don't you just list the stocks with the biggest discounts?

Because the biggest apparent discounts are usually model errors or value traps, not bargains. Raw discount-sorting surfaces exactly the names you should avoid.

Sorting by raw discount to fair value is how stock lists lie. The top of that sort is dominated by:

• Data artifacts — a stale input producing a fictional +150% "upside" • Value traps — businesses genuinely cheap because they are genuinely deteriorating • Model failures — companies whose economics the methods cannot capture

That is why the published screen caps the margin of safety at +60% (beyond it, the gap is usually an artifact), demands quality evidence alongside the discount, and multiplies the rank of any stock down more than 30% over twelve months by a value-trap penalty.

The honest headline is a short list of credible names, not a long list of exciting numbers.

Source: Intrinsic Investor (https://www.intrinsic-investor.com)

This answer is for educational purposes only, not investment advice.