n the stock market’s worst year since 2008, many mid-cap stocks have minimized the damage. The S&P MidCap 400 Index is down 14% this year, not as bad as the S&P 500’s 18% decline or the 21% drop for the Russell 2000 Index of small cap stocks.
“The mid-cap market probably does have a smaller representation of the part of the market that suffered the most, which are really high growers, high-valuation stocks,” says Hunter Noble, portfolio manager for Hotchkis & Wiley’s $509 million mid cap value fund.
To find the best performers, Forbes used data from FactSet to compile its annual list of America’s Best Mid-Sized Companies. We screened more than 1,000 companies with a market value between $2 billion and $10 billion and only considered companies that also had positive sales growth over the past 12 months and a share price of at least $5. Financial institutions, REITs, utilities and limited partnerships were excluded, as were companies that have been public for less than one year.
The top 100 ranking is based on earnings growth, sales growth, return on equity and total stock return for the latest 12 months available and over the last five years. We gave more weight to the latest year’s data in the ranking. All data is as of December 9, 2022.
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