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 | 2.85B | -3.38% | ||
| Industrials | Industrial Plant | 5.04B | +0.69% | ||
| Technology | E-commerce & Auction Services | 153B | -5.55% | ||
| Real Estate | Other Real Estate Services | 1.99B | +4.87% | ||
| Industrials | Other Business Support Services | 8.18B | +1.07% | ||
| Technology | Other IT Services & Consulting | 1.18B | +0.78% | ||
| Consumer Cyclical | Other Auto & Truck Manufacturers | 23.68B | -3.58% | ||
| Healthcare | Other Healthcare Facilities & Services | 12.45B | -7.90% | ||
| Consumer Cyclical | Other Construction Supplies & Fixtures | 5.7B | +2.97% | ||
| Industrials | Other Construction & Engineering | 2.63B | +1.60% | ||
| Technology | Other Software | 24.51B | -4.64% | ||
| Industrials | Heavy Trucks | 10.01B | +4.06% | ||
| Industrials | Construction Machinery | 1.95B | -3.41% | ||
| Consumer Cyclical | Residential Builders - Multifamily Homes | 1.15B | +2.69% | ||
| Consumer Cyclical | Other Auto & Truck Manufacturers | 29.13B | +1.63% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 23.91B | +19.05% | ||
| Consumer Non-Cyclical | Other Food Processing | 6.76B | +2.70% | ||
| Consumer Cyclical | Other Discount Stores | 1.75B | +6.75% | ||
| Industrials | Other Electrical Components & Equipment | 11.84B | +4.85% | ||
| Consumer Cyclical | Other Tires & Rubber Products | 6.5B | +9.19% | ||
| Basic Materials | Other Non-Paper Containers & Packaging | 1.09B | +2.71% | ||
| Financials | Other Investment Management & Fund Operators | 8.8B | +11.84% | ||
| Industrials | Other Environmental Services & Equipment | 1.18B | +3.39% | ||
| Consumer Cyclical | Other Restaurants & Bars | 1.86B | +15.15% | ||
| Consumer Non-Cyclical | Retail - Drugs without Grocery | 1.42B | -3.86% | ||
| Consumer Cyclical | Women's Apparel Retailers | 4.85B | +2.54% | ||
| Industrials | Other Business Support Services | 3.85B | +1.06% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 3.6B | +3.16% | ||
| Consumer Cyclical | Other Home Improvement Products & Services Retailers | 1.04B | +2.78% | ||
| Consumer Cyclical | Television Broadcasting | 6B | +1.45% | ||
| Basic Materials | Gold Mining | 3.31B | +2.74% | ||
| Industrials | Other Shipbuilding | 11.22B | +5.46% | ||
| Consumer Cyclical | Other Apparel & Accessories | 1.3B | +2.57% | ||
| Financials | Investment Management | 3.87B | +1.06% | ||
| Industrials | Integrated Logistics Operators | 4.76B | +3.39% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 19.09B | +2.19% | ||
| Consumer Non-Cyclical | Starch, Vegetable Fat & Oil Manufacturing | 1.79B | -6.67% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 4.45B | -1.97% | ||
| Technology | Other IT Services & Consulting | 3.35B | +0.83% | ||
| Consumer Cyclical | Other Auto Vehicles, Parts & Service Retailers | 5.04B | +9.05% | ||
| Industrials | Industrial Machinery | 4.85B | +6.95% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 6.58B | +5.81% | ||
| Basic Materials | Other Commodity Chemicals | 4.39B | +3.75% | ||
| Consumer Cyclical | Sports & Outdoor Footwear | 1.55B | -2.64% | ||
| Real Estate | Residential Real Estate Services | 1.8B | -4.48% | ||
| Industrials | Other Industrial Machinery & Equipment | 8.61B | +5.86% | ||
| Industrials | Other Ground Freight & Logistics | 1.1B | +0.15% | ||
| Industrials | Other Business Support Supplies | 1.45B | +5.36% | ||
| Consumer Cyclical | Footwear Retailers | 3.93B | -5.38% | ||
| Consumer Non-Cyclical | Food Ingredients | 1.07B | +1.89% | ||
| Consumer Cyclical | Other Casinos & Gaming | 1.98B | -9.55% | ||
| Services académiques et éducatifs | Miscellaneous Educational Service Providers | 3.05B | +8.89% | ||
| Healthcare | Generic Pharmaceuticals | 1.79B | +8.76% | ||
| Consumer Cyclical | Other Apparel & Accessories | 6.55B | +0.90% | ||
| Basic Materials | Gold Mining | 84.33B | +15.99% | ||
| Industrials | Electrical Measuring & Testing Instruments | 2.53B | +15.42% | ||
| Consumer Cyclical | Other Auto & Truck Manufacturers | 23.67B | -7.65% | ||
| Healthcare | Other Pharmaceuticals | 15.82B | +3.41% | ||
| Healthcare | Home Healthcare Services | 2.01B | +1.44% | ||
| Consumer Cyclical | Other Miscellaneous Specialty Retailers | 4.32B | -4.30% | ||
| Basic Materials | Gold Mining | 50.24B | +16.19% | ||
| Consumer Cyclical | Sportswear & Outdoors Clothing | 2.26B | +5.18% | ||
| Consumer Cyclical | Sportswear & Outdoors Clothing | 29.11B | +1.49% | ||
| Technology | Other Internet Services | 45.71B | +24.39% | ||
| Technology | Semiconductor Machinery Manufacturing | 1B | -0.32% | ||
| Financials | Other Investment Banking & Brokerage Services | 4.73B | +5.17% | ||
| Industrials | Other Employment Services | 4.05B | -0.55% | ||
| Technology | Other IT Services & Consulting | 4.39B | +8.12% | ||
| Real Estate | Other Real Estate Development & Operations | 6.39B | +2.34% | ||
| Basic Materials | Wood Products | 3.5B | +4.80% | ||
| Technology | Integrated Hardware & Software | 1.71B | +5.29% | ||
| Industrials | Wires & Cables | 2.08B | +7.25% | ||
| Industrials | Electric Equipment Wholesale | 13.46B | +15.61% | ||
| Healthcare | Other Healthcare Facilities & Services | 1.21B | -7.01% | ||
| Healthcare | Medical Equipment Wholesale | 1.57B | +3.71% | ||
| Healthcare | Other Pharmaceuticals | 3.7B | -0.63% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 6.51B | -3.13% | ||
| Technology | Other Electronic Equipment & Parts | 24.5B | -7.55% | ||
| Utilities | Natural Gas Distribution | 8.16B | -0.40% | ||
| Basic Materials | Other Commodity Chemicals | 2.71B | +12.59% | ||
| Industrials | Telecommunication Construction | 3.59B | +6.96% | ||
| Industrials | Other Heavy Electrical Equipment | 1.75B | +16.12% | ||
| Industrials | Security Services | 14.7B | +3.95% | ||
| Industrials | Office Supplies | 2.48B | +3.71% | ||
| Industrials | Transaction & Payment Services | 53.95B | -2.42% | ||
| Consumer Cyclical | Automotive Accessories | 5.12B | +1.12% | ||
| Energy | Other Oil Related Services and Equipment | 3.58B | +13.99% | ||
| Industrials | Courier Services | 17.76B | +7.42% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 8.67B | +0.91% | ||
| Consumer Non-Cyclical | Cigars & Cigarette Manufacturing | 65.35B | +3.37% | ||
| Consumer Cyclical | Other Advertising & Marketing | 1.75B | -0.41% | ||
| Healthcare | Medical Equipment Wholesale | 1.11B | +2.45% | ||
| Basic Materials | Other Specialty Chemicals | 1.42B | +2.30% | ||
| Consumer Non-Cyclical | Other Personal Products | 1.23B | +1.95% | ||
| Industrials | Testing & Measuring Equipment | 4.66B | +9.56% | ||
| Industrials | Other Industrial Machinery & Equipment | 6.82B | +11.67% | ||
| Financials | Health Insurance | 2.19B | -2.62% | ||
| Technology | Other IT Services & Consulting | 41.85B | +3.34% | ||
| Consumer Cyclical | Games, Toys & Children Vehicles | 1.61B | +5.26% | ||
| Consumer Cyclical | Automotive Body Parts | 4.68B | -1.07% | ||
| Industrials | Other Industrial Machinery & Equipment | 2.36B | +8.03% | ||
| Technology | Other Internet Services | 7.64B | +1.26% | ||
| Energy | Other Oil Related Services and Equipment | 2.77B | +15.03% | ||
| Basic Materials | Gold Mining | 4.02B | +14.47% | ||
| Consumer Non-Cyclical | Carbonated Soft Drinks | 21.19B | +7.13% | ||
| Consumer Cyclical | Quick Service Restaurants | 16.68B | +0.48% | ||
| Technology | Other Semiconductors | 2.09B | +10.93% | ||
| Consumer Cyclical | Discount Stores with Grocery | 1.48B | -5.32% | ||
| Basic Materials | Other Gold | 5.8B | +7.93% | ||
| Consumer Cyclical | Electric (Alternative) Vehicles | 121B | +3.93% | ||
| Technology | Other Semiconductor Equipment & Testing | 10.03B | +10.76% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 36.03B | -2.72% | ||
| Consumer Cyclical | New Car Dealers | 8.08B | -1.01% | ||
| Industrials | Industrial Plant | 2.96B | +10.23% | ||
| Technology | Other IT Services & Consulting | 1.73B | +9.53% | ||
| Industrials | Industrial Parts & Components | 4.53B | +6.70% | ||
| Industrials | Heating, Ventilation & Air Conditioning Systems | 36.46B | -1.64% | ||
| Technology | Other IT Services & Consulting | 20.27B | +3.25% | ||
| Industrials | Other Construction & Engineering | 13.52B | -1.27% | ||
| Financials | Other Life & Health Insurance | 61.6B | -1.90% | ||
| Technology | Other IT Services & Consulting | 6.44B | +0.23% | ||
| Industrials | Land Division & Subdivision | 1.39B | +12.02% | ||
| Basic Materials | Plastics | 2.94B | +1.08% | ||
| Technology | Other Integrated Telecommunications Services | 79.16B | -2.04% | ||
| Consumer Cyclical | Optical Goods Stores | 4.24B | -3.67% | ||
| Consumer Non-Cyclical | Food Ingredients | 1.72B | +10.56% | ||
| Consumer Cyclical | Sporting Goods Stores | 2.21B | -9.17% | ||
| Industrials | Other Industrial Machinery & Equipment | 23.35B | +9.57% | ||
| Consumer Cyclical | Other Homebuilding | 7.24B | +8.14% | ||
| Consumer Cyclical | Other Casinos & Gaming | 4.91B | -2.54% | ||
| Healthcare | Other Pharmaceuticals | 1.86B | +3.29% | ||
| Technology | Electronic Component | 9.94B | +5.59% | ||
| Consumer Cyclical | Other Apparel & Accessories | 1.7B | +3.14% | ||
| Basic Materials | Other Construction Materials | 47.51B | +5.29% | ||
| Consumer Cyclical | Other Apparel & Accessories | 6.4B | +4.71% | ||
| Technology | Other Integrated Telecommunications Services | 1.1B | -3.35% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 35.5B | -2.12% | ||
| Healthcare | Medical & Diagnostic Laboratories | 7.65B | +2.96% | ||
| Consumer Non-Cyclical | Dairy Products | 4.93B | +1.50% | ||
| Healthcare | Other Managed Healthcare | 82.86B | +7.21% | ||
| Consumer Non-Cyclical | Special Foods & Wellbeing Products | 1.94B | +4.88% | ||
| Financials | Insurance Brokers | 3.89B | -0.57% | ||
| Services académiques et éducatifs | School, College & University (NEC) | 1.32B | -4.57% | ||
| Healthcare | Other Pharmaceuticals | 3.73B | +3.82% | ||
| Consumer Non-Cyclical | Other Tobacco | 32.16B | -2.66% | ||
News of the components
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Calendar of the components
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