backtests
We tested EV/EBITDA below 10x on 18 global exchanges with local benchmarks. 14 of 18 beat their local index. The value premium is broader than SPY comparison suggested.
value-investing
India is the best PEG ratio market we tested. Over 25 years, a quarterly-rebalanced portfolio of India's lowest-PEG stocks returned 13.68% CAGR. The Sensex returned 11.12% over the same period. That's a 2.56% annual advantage, measured against the correct local benchmark. Contents 1.
value-investing
The Stockholm Exchange delivered 9.99% CAGR for a PEG ratio strategy over 25 years, beating the OMX Stockholm 30 by 6.81%/yr. The Sharpe ratio of 0.391 towers over the OMX30's 0.060. Compared to its own local index, Sweden is one of the strongest
value-investing
South Africa delivered 7.21% CAGR for a PEG ratio strategy over 25 years, trailing SPY's 8.02% by 0.80%/yr. The strategy doesn't beat the S&P 500 on raw returns. What it does offer is a genuine diversification profile: beta of 0.
value-investing
Taiwan produced strong risk-adjusted returns in our DCF discount backtest. Over 20 invested years (2005-2024), the strategy returned 9.15% CAGR with a 0.398 Sharpe, beating the TAIEX's 3.05% by +6.10% annually. The max drawdown was -36.80%. A beta of 0.644 against the
value-investing
We tested Peter Lynch's PEG ratio across the full US equity universe, NYSE, NASDAQ, and AMEX, from 2000 to 2025. The result: 6.83% CAGR vs S&P 500's 8.02%. The strategy underperforms by 1.2% per year. Contents 1. The Strategy 2. Methodology
value-investing
Canada is the most consistently investable PEG ratio market we tested. Zero cash periods across 103 quarters. The portfolio always had 25+ qualifying stocks. 9.03% CAGR vs the TSX Composite's 5.08%, a +3.94%/yr advantage over 25 years. Contents 1. Why Canada Works for GARP
value-investing
We ran Peter Lynch's PEG ratio strategy across 14 exchanges globally, the same signal, same parameters, same time period. Then we did something most global backtests skip: we benchmarked each exchange against its own local index instead of the S&P 500. Contents 1. The Strategy 2.
value-investing
India's DCF Discount strategy returned 11.70% CAGR over 25 years. The BSE Sensex returned 11.49%. That's +0.21% annual excess. The alpha is essentially zero. Contents 1. Method 2. The Screen 3. What We Found 4. Year-by-Year 5. Key Observations 6. 2000-2004: Cash periods
value-investing
Canada produced one of the best risk/reward profiles of any developed market we tested. 11.49% CAGR over 25 years, a shallow -30.12% max drawdown, and zero cash periods. The portfolio captured 128.73% of upside while absorbing only 20.4% of downside vs the TSX Composite. $10,
backtests
We screened every German stock on XETRA for discount to intrinsic value using a Gordon Growth Model and backtested from 2000 to 2025. The strategy returned 9.28% CAGR vs 4.51% for the DAX, turning $10,000 into $91,877 vs $30,139. Germany's industrial value stocks