Value Line is a financial research and publishing company. Its flagship product is the Value Line Investment Survey, a weekly publication with daily digital updates that covers thousands of U.S.-listed equities using proprietary "Timeliness" and "Safety" ranking systems, which score stocks 1-5 based on expected 12-month price performance and risk. Value Line sells subscriptions to individuals, financial advisers, and institutions, offered in tiered packages (Smart Investor, Savvy Investor, Pro Elite) for different customer types. Beyond the flagship Survey, Value Line sells niche newsletters, research software, and historical financial databases. Value Line also licenses its proprietary rankings and trademarks to ETF managers, unit investment trust sponsors, and variable annuity providers, who use Value Line's rankings to construct and brand their products — licensing fees fluctuate with the AUM of those products. Finally, Value Line holds a passive financial interest in EAM, an independent trust that manages the Value Line family of mutual funds (~$4.7B in AUM as of April 2025). Value Line does not control EAM but receives a non-voting revenues interest and a 50% non-voting profits interest, generating ongoing cash flows tied to EAM's performance. Subscriptions are the primary and most stable revenue source, while copyright licensing fees and EAM distributions both move with equity market levels. Value Line operates with 117 employees and a lean cost structure, and holds ~$43M in investment securities on its balance sheet.