This month’s Growth at Right Price (GARP) screen, once again includes several property companies. The price to earnings growth (PEG) ratio that is central to this screen’s methodology is less suitable to value these businesses. Screens are always the starting point for research and not a buy signal and this is very much the case with property companies in this screen.
- Out of other companies in our FTSE All Share screen, packaging specialist Macfarlane (MACF) and recruiter Page Group (PAGE) get full marks against our eight GARP criteria.
- From our small company screen, Simon Thompson’s latest Alpha pick, TClarke (CTO) passes all seven of our tests (there is one fewer test for indices without large-caps).
