Growth at a reasonable price screen

Growth at a reasonable price sits between value and growth investing: it looks for companies whose earnings are growing, but that the market has not yet priced as growth stocks. Peter Lynch made its best-known yardstick popular, the PEG ratio — the P/E divided by the expected growth rate — reckoning that a fairly priced company has a PEG of about one and a bargain less.

This screen asks for a trailing P/E below 15, a PEG below 1, analysts' expected earnings growth above 10% a year over the next five years, revenue growth above 5% over the last twelve months, and less debt than equity. The expected growth is the analysts' consensus, and forecasts are often wrong, so the screen finds companies that are cheap if the forecasts hold. The companies are ordered by PEG, lowest first.