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Lynch-style GARP (Growth at a Reasonable Price)

Source: Reproduces the PEG criterion from Peter Lynch, One Up on Wall Street (1989)

Lynch's bar of a PEG ratio at or below 1.0 — cheap relative to earnings growth — combined with 3-year revenue CAGR of 15%+. This tool proxies the growth rate in PEG with 3-year net income CAGR, which lets companies whose growth was inflated by one-off gains slip through. Requiring revenue growth separately is what this combination is for: it cuts down those false positives.

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Data comes from annual securities reports disclosed on EDINET (Japan FSA), via EDINET DB. Price-related values are as of each company's fiscal year-end (back-calculated from the disclosed trailing PER), not live quotes. Coverage: all TSE-listed companies, with names added progressively.

About the metrics used here

Lynch-style PEG

PEG ratio (PER divided by earnings growth) of 1.0 or below means cheap relative to growth (GARP). Growth is proxied by 3-year CAGR of net income. One-off gains can inflate this growth figure, so cross-checking against revenue growth is recommended. (Source: Peter Lynch, One Up on Wall Street (1989))

Loss Years in Last 5 Years

Number of the last 5 fiscal years (0-5) in which net income was negative. 3+ flags chronic losses. A quick check that a seemingly-cheap stock isn't a habitual underperformer, and also a building block of the Graham-style defensive investor criteria (no losses in the last 5 years). (Source: This tool's core design)

Metrics we deliberately left out

Rule of 40

A rule of thumb: revenue growth (3-year CAGR) plus operating margin at or above 40% signals a good balance of growth and profitability. Widely used to evaluate SaaS companies abroad, and applies directly to screening Japanese SaaS names too. (Source: Common rule of thumb in the global SaaS industry)

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