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Baldrige Stock Studies
From 1994 through 2004, the Baldrige Performance Excellence Program conducted studies around the stock of publicly traded Baldrige Award recipient and site-visited organizations:
The Baldrige Program discontinued the study in 2004, as the vast majority of Award recipients since then are either business units of larger publicly traded companies, privately held companies, or nonprofit organizations. Neither of the latter two types of organizations issues or trades stock on the public exchanges, and business units cannot be disaggregated from the corporation as a whole.
2004 Baldrige Stock Study
Baldrige Index and S&P Comparison (PDF version) / Methodology (PDF version)
2003 Baldrige Stock Study
NIST Tech Beat, April 2004 / Baldrige Index and S&P Comparison / Methodology
2002 Baldrige Stock Study
NIST Update, May 2003 / Baldrige Index and S&P Comparison / Methodology
2001 Baldrige Stock Study
"Baldrige Index" Outperforms S&P 500 by 3 to 1 / Baldrige Index and S&P Comparison and Methodology
2000 Baldrige Stock Study
"Baldrige Index" Outperforms S&P 500 by 4.4 to 1 / Baldrige Index and S&P Comparison
1999 Baldrige Stock Study
"Baldrige Index" Outperforms S&P 500 by Almost 5 to 1 / Baldrige Index and S&P Comparison
1998 Baldrige Stock Study
"Baldrige Index" Outperforms S&P 500 for Fifth Year / Baldrige Index and S&P Comparison
1997 Baldrige Stock Study
"Baldrige Index" Outperforms S&P 500 for Fourth Year / Baldrige Index and S&P Comparison
1996 Baldrige Stock Study
Third NIST Stock Investment Study Shows Quality Pays / Third NIST Stock Investment Study
1995 Baldrige Stock Study
Second NIST Stock Investment Study
1994 Baldrige Stock Study
First NIST Stock Investment StudyContact:
- A hypothetical sum was invested in each of the publicly traded Baldrige Award recipients' common stock in the year they applied for the Award.
- The investment was tracked from the first business day of the month following the Award announcement (or the date the recipient began public trading, if it is later) through December 1 of the study year.
The Baldrige Program discontinued the study in 2004, as the vast majority of Award recipients since then are either business units of larger publicly traded companies, privately held companies, or nonprofit organizations. Neither of the latter two types of organizations issues or trades stock on the public exchanges, and business units cannot be disaggregated from the corporation as a whole.
2004 Baldrige Stock Study
Baldrige Index and S&P Comparison (PDF version) / Methodology (PDF version)
2003 Baldrige Stock Study
NIST Tech Beat, April 2004 / Baldrige Index and S&P Comparison / Methodology
2002 Baldrige Stock Study
NIST Update, May 2003 / Baldrige Index and S&P Comparison / Methodology
2001 Baldrige Stock Study
"Baldrige Index" Outperforms S&P 500 by 3 to 1 / Baldrige Index and S&P Comparison and Methodology
2000 Baldrige Stock Study
"Baldrige Index" Outperforms S&P 500 by 4.4 to 1 / Baldrige Index and S&P Comparison
1999 Baldrige Stock Study
"Baldrige Index" Outperforms S&P 500 by Almost 5 to 1 / Baldrige Index and S&P Comparison
1998 Baldrige Stock Study
"Baldrige Index" Outperforms S&P 500 for Fifth Year / Baldrige Index and S&P Comparison
1997 Baldrige Stock Study
"Baldrige Index" Outperforms S&P 500 for Fourth Year / Baldrige Index and S&P Comparison
1996 Baldrige Stock Study
Third NIST Stock Investment Study Shows Quality Pays / Third NIST Stock Investment Study
1995 Baldrige Stock Study
Second NIST Stock Investment Study
1994 Baldrige Stock Study
First NIST Stock Investment Study
Award Recipient Information
Current Publications
Contact:
Baldrige Customer Service:
301.975.2036 Telephone
301.948.3716 Fax
baldrige [at] nist.gov (baldrige[at]nist[dot]gov) E-Mail
Created January 29, 2010, Updated August 21, 2025