Conciseness

The body is efficient and assumes competence — it never explains what a DCF is or how discounting works — but includes minor trimmable overhead: the OD-native contract meta-framing ('It is an OD-native skill contract only; it does not assume Dexter tools...') and the untrusted-evidence note stated twice (Data Rules and the report's Evidence Note section). This fits anchor 4's 'minor instances of over-explanation that could be trimmed' rather than anchor 5's 'every token earns its place'.

Actionability

For an instruction-only skill the guidance is fully executable: concrete defaults ('Cap sustained explicit-period growth at 15%', 'default 2.5% terminal growth rate'), a precisely specified sensitivity matrix ('WACC (base +/- 1%) and terminal growth (2.0%, 2.5%, 3.0%)'), a labeled assumptions table format, and a copy-paste Markdown report template covering the common case. This matches anchor 5's copy-paste-ready, specific-examples-cover-common-cases standard.

Workflow Clarity

The 8-step workflow is clearly sequenced with a dedicated validation step (step 8: compare to observed EV, check terminal value percentage, cross-check FCF multiples) and a conditional data-gap step ('If data is incomplete, create an assumptions table'). It falls short of anchor 5 because there is no error-recovery feedback loop telling the agent what to do when a validation or cross-check fails, fitting anchor 4's 'clear sequence with most checkpoints present; minor validation gaps'.

Progressive Disclosure

The single bundle reference (references/sector-wacc.md) exists, is one level deep, is clearly signaled at its point of use in step 5 ('Use `references/sector-wacc.md` for the starting sector range'), and is appropriately split — the sector WACC table and adjustment factors belong outside the main file. The body itself is well-sectioned with no content that should be externalized inlined, matching anchor 5's well-signaled one-level-deep references with easy navigation.

Specificity

The description names the domain ('public companies') and two concrete actions ('Discounted cash flow valuation' and 'intrinsic value analysis'), matching anchor 3's '1-2 concrete actions, but not comprehensive'. It does not list several specific actions (e.g., forecast building, sensitivity analysis, report generation) required for anchor 4, yet is clearly above anchor 2's generic domain-only level.

Completeness

It explicitly answers both 'what' ('Discounted cash flow valuation and intrinsic value analysis for public companies') and 'when' ('Use when the brief asks for DCF, fair value, intrinsic value, price target, undervalued or overvalued analysis, or "what is this company worth?"'), with concrete trigger phrases matching anchor 5 exactly. It is above anchor 4 because the 'when' clause is already fully explicit and specific.

Trigger Term Quality

The description covers natural trigger terms comprehensively with synonyms: 'DCF', 'Discounted cash flow', 'fair value', 'intrinsic value', 'price target', 'undervalued or overvalued', plus the natural user phrasing "what is this company worth?". No common variation a user would say is missing.

Distinctiveness Conflict Risk

The DCF/intrinsic-value framing is a clear niche with mostly distinct triggers, but terms like 'price target' and 'undervalued or overvalued' could also fire a relative-valuation or comps-analysis skill, matching anchor 4's 'minor overlap risk with closely related skills' rather than anchor 5's minimal conflict risk.