it still overemphasizes raw graduation and outcome measures.
Of course it does. And they tell you that! This is the only ranking I’ve seen which is self-critical in that way and is transparent about its shortcomings.
The major flaw in all of these rankings is that they reduce everything to statistics, purporting to therefore be “objective”. Numbers don’t lie . . . Or do they? In the words of Mark Twain, “There are lies, damn lies, and statistics.”