* Forward-looking multiples, calculated by taking the latest closing price and dividing by the next fiscal year's analyst projections
Despite having no limitations in our screen regarding stock price performance, the average year-to-date total return for the companies in our group is 8.5 per cent, which far exceeds the aforementioned average return of minus 17.9 per cent. Interestingly, seven of the nine companies passing our screen were classified as either utilities or telecommunications, according to FactSet.
The information in this article is not investment advice. FactSet assumes no liability for any consequence relating directly or indirectly to any action or inaction taken based on the information contained above.Arjun Deiva, CFA, is a vice-president at FactSet Canada’s consulting division. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.
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