Investment Themes
The GARP style stands for Growth at a reasonable price. Companies of sufficient size and liquidity that meet quantitative criteria relating to sales growth and earnings per share over the medium and long term, based on past data as well as estimates for the future, are selected.
Next, a valuation filter is applied to ensure that only companies with a reasonable valuation are selected. The valuation filter then ranks companies by price, comparing their capitalization and/or enterprise value with their sales (EV/Sales), operating income (EV/EBIT), net income (P/E) and free cash flow (P/FCF), to retain only the least expensive.
Several geographical zones are proposed. The global list includes companies listed on the world's main financial markets. The other lists are regional: North America (USA, Canada), Europe, Asia (Japan, Australia, Singapore, Hong Kong), Emerging Markets, UK, France, Germany, Switzerland, Netherlands and Italy.
Our selection
| Healthcare | Biopharmaceuticals | 2.84B | +10.59% | ||
| Industrials | Integrated Logistics Operators | 4.56B | +0.68% | ||
| Industrials | Industrial Plant | 4.9B | +55.57% | ||
| Real Estate | Residential Real Estate Development | 6.53B | +66.49% | ||
| Industrials | Other Business Support Services | 7.79B | +7.12% | ||
| Technology | Other IT Services & Consulting | 1.17B | +40.77% | ||
| Technology | Other IT Services & Consulting | 4.22B | +43.88% | ||
| Consumer Cyclical | Other Auto & Truck Manufacturers | 21.97B | +16.53% | ||
| Healthcare | Other Healthcare Facilities & Services | 14.38B | +28.52% | ||
| Consumer Cyclical | Other Construction Supplies & Fixtures | 5.48B | -9.40% | ||
| Industrials | Other Construction & Engineering | 2.13B | +47.01% | ||
| Financials | Health Insurance | 2.26B | +22.45% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 20.86B | +68.35% | ||
| Consumer Non-Cyclical | Other Food Processing | 6.79B | -0.84% | ||
| Consumer Cyclical | Other Discount Stores | 1.54B | +12.18% | ||
| Industrials | Other Electrical Components & Equipment | 10.37B | +26.67% | ||
| Consumer Cyclical | Other Tires & Rubber Products | 6.33B | +75.68% | ||
| Basic Materials | Other Specialty Chemicals | 1.38B | +2.67% | ||
| Basic Materials | Other Non-Paper Containers & Packaging | 1.07B | +20.38% | ||
| Financials | Other Investment Management & Fund Operators | 8.05B | +20.33% | ||
| Industrials | Other Environmental Services & Equipment | 1.16B | +46.84% | ||
| Industrials | Other Ground Freight & Logistics | 1.03B | -3.43% | ||
| Consumer Non-Cyclical | Retail - Drugs without Grocery | 1.54B | +60.17% | ||
| Consumer Cyclical | Other Restaurants & Bars | 1.77B | +2.80% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 3.47B | +18.04% | ||
| Consumer Cyclical | Other Home Improvement Products & Services Retailers | 1.03B | +2.72% | ||
| Industrials | Other Shipbuilding | 10.34B | +14.38% | ||
| Financials | Investment Management | 3.74B | +23.50% | ||
| Real Estate | Other Real Estate Services | 2.07B | -5.08% | ||
| Technology | E-commerce & Auction Services | 166B | +20.45% | ||
| Consumer Cyclical | Sportswear & Outdoors Clothing | 2.58B | -1.54% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 17.94B | +34.85% | ||
| Consumer Non-Cyclical | Starch, Vegetable Fat & Oil Manufacturing | 1.94B | +48.57% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 4.57B | +6.02% | ||
| Basic Materials | Diversified Chemicals | 4.46B | +3.90% | ||
| Technology | Semiconductor Machinery Manufacturing | 1.11B | -1.35% | ||
| Technology | Other IT Services & Consulting | 3.53B | +17.69% | ||
| Industrials | Industrial Machinery | 4.56B | +7.01% | ||
| Industrials | Heavy Trucks | 10.24B | +30.53% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 6.26B | +21.98% | ||
| Industrials | Other Construction & Engineering | 6.36B | +106.65% | ||
| Consumer Cyclical | Sports & Outdoor Footwear | 1.58B | +40.33% | ||
| Consumer Cyclical | Residential Builders - Multifamily Homes | 1.2B | +22.88% | ||
| Real Estate | Residential Real Estate Services | 1.8B | +14.10% | ||
| Consumer Cyclical | Footwear Retailers | 4.3B | -16.03% | ||
| Industrials | Other Industrial Machinery & Equipment | 8.15B | +43.70% | ||
| Consumer Cyclical | Women's Apparel Retailers | 5.23B | +25.03% | ||
| Consumer Non-Cyclical | Food Ingredients | 1.09B | -6.26% | ||
| Consumer Cyclical | Television Broadcasting | 6.09B | +38.05% | ||
| Basic Materials | Gold Mining | 2.85B | +213.83% | ||
| Basic Materials | Gold Mining | 6.23B | +203.90% | ||
| Basic Materials | Gold Mining | 42.18B | +261.27% | ||
| Consumer Cyclical | Other Apparel & Accessories | 1.37B | +16.53% | ||
| Healthcare | Generic Pharmaceuticals | 1.59B | +80.37% | ||
| Services académiques et éducatifs | Miscellaneous Educational Service Providers | 2.65B | -41.29% | ||
| Industrials | Electrical Measuring & Testing Instruments | 1.82B | +98.04% | ||
| Consumer Cyclical | Other Auto & Truck Manufacturers | 23.6B | +7.10% | ||
| Basic Materials | Gold Mining | 68.39B | +156.21% | ||
| Healthcare | Other Pharmaceuticals | 14.44B | +18.81% | ||
| Technology | Other Internet Services | 7.13B | -27.01% | ||
| Consumer Cyclical | Other Casinos & Gaming | 2.12B | +0.42% | ||
| Consumer Cyclical | Other Miscellaneous Specialty Retailers | 4.31B | +7.98% | ||
| Technology | Other Internet Services | 37.42B | +61.91% | ||
| Technology | Other IT Services & Consulting | 9.67B | +176.46% | ||
| Industrials | Other Commercial Printing Services | 8.52B | +9.67% | ||
| Financials | Other Investment Banking & Brokerage Services | 3.96B | +113.20% | ||
| Consumer Cyclical | Sportswear & Outdoors Clothing | 30.36B | +6.36% | ||
| Technology | Other Semiconductor Equipment & Testing | 8.56B | +45.31% | ||
| Industrials | Other Employment Services | 4.05B | +16.74% | ||
| Technology | Integrated Hardware & Software | 1.5B | +36.63% | ||
| Consumer Cyclical | Other Auto & Truck Manufacturers | 29.47B | +28.66% | ||
| Industrials | Industrial Plant | 2.58B | +11.97% | ||
| Healthcare | Medical Equipment Wholesale | 1.55B | +16.26% | ||
| Consumer Non-Cyclical | Other Personal Products | 1.24B | +10.82% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 7.24B | +22.86% | ||
| Basic Materials | Other Commodity Chemicals | 2.33B | +26.74% | ||
| Industrials | Telecommunication Construction | 3.15B | +30.25% | ||
| Industrials | Other Business Support Services | 3.86B | +10.31% | ||
| Industrials | Security Services | 14.25B | -0.93% | ||
| Industrials | Transaction & Payment Services | 57.3B | -27.67% | ||
| Energy | Other Oil Related Services and Equipment | 3.16B | -21.25% | ||
| Basic Materials | Wood Products | 3.36B | +20.10% | ||
| Industrials | Wires & Cables | 2.08B | +46.97% | ||
| Consumer Cyclical | Automotive Accessories | 5.04B | -19.53% | ||
| Consumer Cyclical | Other Advertising & Marketing | 1.6B | -30.57% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 8.54B | +28.70% | ||
| Industrials | Other Industrial Machinery & Equipment | 2.24B | -22.86% | ||
| Healthcare | Other Healthcare Facilities & Services | 1.19B | +36.20% | ||
| Technology | Other Wireless Telecommunications Services | 1.65B | +25.93% | ||
| Healthcare | Medical Equipment Wholesale | 1.13B | -7.36% | ||
| Healthcare | Other Pharmaceuticals | 3.57B | -15.48% | ||
| Utilities | Natural Gas Distribution | 8.35B | -11.43% | ||
| Technology | Other Integrated Telecommunications Services | 87B | +22.59% | ||
| Industrials | Other Industrial Machinery & Equipment | 6.04B | +63.09% | ||
| Consumer Cyclical | Optical Goods Stores | 4.2B | +3.99% | ||
| Technology | Other IT Services & Consulting | 38.24B | +4.29% | ||
| Industrials | Courier Services | 16.31B | +7.47% | ||
| Consumer Cyclical | Games, Toys & Children Vehicles | 1.59B | -38.61% | ||
| Consumer Cyclical | Automotive Body Parts | 4.91B | +120.50% | ||
| Energy | Other Oil Related Services and Equipment | 2.11B | +17.00% | ||
| Basic Materials | Gold Mining | 2.85B | +97.66% | ||
| Consumer Cyclical | Other Apparel & Accessories | 7.55B | +27.58% | ||
| Consumer Cyclical | Quick Service Restaurants | 16.87B | -3.26% | ||
| Technology | Other Semiconductors | 1.95B | +44.56% | ||
| Consumer Non-Cyclical | Carbonated Soft Drinks | 18.88B | +17.14% | ||
| Consumer Cyclical | Other Apparel & Accessories | 1.55B | +14.46% | ||
| Consumer Cyclical | Discount Stores with Grocery | 1.49B | +25.45% | ||
| Basic Materials | Other Gold | 4.65B | +72.71% | ||
| Consumer Cyclical | Electric (Alternative) Vehicles | 119B | +10.90% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 43.87B | +3.25% | ||
| Industrials | Other Construction & Engineering | 13.44B | +40.40% | ||
| Industrials | Electric Equipment Wholesale | 13.16B | +49.92% | ||
| Consumer Cyclical | New Car Dealers | 7.9B | -9.07% | ||
| Consumer Cyclical | Other Homebuilding | 14.17B | -11.69% | ||
| Industrials | Industrial Parts & Components | 3.89B | -5.32% | ||
| Industrials | Other Heavy Electrical Equipment | 1.39B | +17.31% | ||
| Industrials | Telecommunication Construction | 4.31B | +5.04% | ||
| Consumer Cyclical | Other Casinos & Gaming | 4.95B | -38.31% | ||
| Technology | Other IT Services & Consulting | 19.42B | -18.78% | ||
| Consumer Cyclical | Sporting Goods Stores | 2.46B | +6.85% | ||
| Financials | Other Life & Health Insurance | 60.04B | +23.80% | ||
| Technology | Other IT Services & Consulting | 6.38B | +41.35% | ||
| Basic Materials | Plastics | 2.88B | +30.85% | ||
| Industrials | Heating, Ventilation & Air Conditioning Systems | 37.34B | +6.19% | ||
| Industrials | Integrated Logistics Operators | 2.18B | -4.07% | ||
| Consumer Cyclical | New Car Dealers | 5.08B | -3.12% | ||
| Technology | Other IT Services & Consulting | 27.16B | -9.77% | ||
| Industrials | Other Industrial Machinery & Equipment | 22.31B | -5.46% | ||
| Basic Materials | Other Construction Materials | 44.53B | +82.73% | ||
| Consumer Non-Cyclical | Special Foods & Wellbeing Products | 1.9B | -51.92% | ||
| Consumer Cyclical | Other Homebuilding | 6.83B | -6.11% | ||
| Consumer Non-Cyclical | Food Ingredients | 1.55B | -18.97% | ||
| Consumer Cyclical | Other Apparel & Accessories | 5.62B | +2.92% | ||
| Technology | Other Integrated Telecommunications Services | 1.13B | -38.76% | ||
| Healthcare | Other Pharmaceuticals | 1.78B | +23.81% | ||
| Technology | Electronic Component | 10.05B | -15.72% | ||
| Services académiques et éducatifs | School, College & University (NEC) | 1.38B | -4.28% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 38.5B | +22.73% | ||
| Consumer Non-Cyclical | Dairy Products | 4.85B | -0.95% | ||
| Healthcare | Other Managed Healthcare | 73.51B | -9.60% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 36.73B | +10.16% | ||
| Healthcare | Medical & Diagnostic Laboratories | 7.54B | -14.62% | ||
| Consumer Non-Cyclical | Other Tobacco | 34.58B | +29.26% | ||
| Financials | Insurance Brokers | 3.62B | -12.24% | ||
| Healthcare | Other Pharmaceuticals | 3.91B | -15.79% | ||
| Healthcare | Other Pharmaceuticals | 1.04B | +27.28% | ||
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