1 files changed, 29 insertions, 0 deletions
diff --git a/backend/tests/test_api.py b/backend/tests/test_api.py
index 0054c49..395bc12 100644
--- a/backend/tests/test_api.py
+++ b/backend/tests/test_api.py
@@ -598,3 +598,32 @@ def test_financials_route_period_param(monkeypatch) -> None:
     monkeypatch.setattr(main.data_service, "get_financials", mock_get_financials)
     main.ticker_financials("AAPL", period="quarterly")
     assert captured == ["quarterly"]
+
+
+def test_valuation_schema_structure() -> None:
+    from app.schemas import DcfResult, MultipleResult, ValuationResponse
+
+    dcf_unavail = DcfResult(available=False)
+    assert dcf_unavail.available is False
+    assert dcf_unavail.wacc == 0.10
+    assert dcf_unavail.terminal_growth == 0.03
+    assert dcf_unavail.error is None
+    assert dcf_unavail.intrinsic_value_per_share is None
+
+    mult_unavail = MultipleResult(available=False)
+    assert mult_unavail.available is False
+    assert mult_unavail.implied_price_per_share is None
+
+    resp = ValuationResponse(
+        symbol="AAPL",
+        current_price=150.0,
+        shares_outstanding=15_000_000_000.0,
+        dcf=DcfResult(available=True, intrinsic_value_per_share=182.0, growth_rate_used=0.082),
+        ev_ebitda=MultipleResult(available=True, implied_price_per_share=178.0, multiple_used=20.0),
+        ev_revenue=MultipleResult(available=False),
+        price_to_book=MultipleResult(available=False),
+    )
+    assert resp.symbol == "AAPL"
+    assert resp.dcf.intrinsic_value_per_share == 182.0
+    assert resp.ev_ebitda.multiple_used == 20.0
+    assert resp.ev_revenue.available is False