Recently I was reading about different fundamental analysis approaches, and specifically about Value Investing, as proposed by Ben Graham and David Dodd. This approach describes a strategy which based on finding "under-priced" securities using some for of fundamental analysis. This allows filtering out "good" companies which are more likely to gain profit on a long term.
I know that fundamental analysis could be based on global parameters such as the following, focusing on a whole industry sector or area:
- GDP growth rates
- Interest rates
- Exchange rates
- Energy prices, etc...
As well as focusing on a specific company and analyzing:
- The Income Statement
- The Balance Sheet
- The Cash Flow Statement
So I wonder where can I find a step-by step procedure, which describes the process of security evaluation(or as referred in Ben Graham theory - intrinsic value) using the above data? Specifically, I would like to see some practical guidance as how to use this data.