# GigaValue — 2009Q4 Canonical: https://gigainvestors.com/value?q=2009Q4 Published as of: 2026-10-16T08:06:01.803Z. Quarter end: 2009-12-31. Quality code order: understandable (earnings resilience, evidence only), moat, economics, management, accounting. P = pass; F = fail; C/U = unresolved; N = not applicable. Buy now needs moat, economics, management and accounting passes, a profit record (no recurring losses, positive owner earnings) and a price at or below central value. History covers analysed companies from today’s selected indexes, with coverage varying by quarter. Held companies outside those indexes are not included. Today’s index membership and restated accounts create survivorship and hindsight bias. The fair-price count includes every buy-qualified company in that quarter and market scope. Headline gains are equal-weight average price changes for those picks and for all analysed index companies with available returns, including failed quality tests. Companies without a measured price change are excluded from averages. The headline follows the market switch, not the other list filters. Returns exclude dividends and are not annualised; overlapping cohorts are not an investable portfolio. Market scope: Western-accessible listings. 63 matching companies. | Company | Quality code | Buy qualified | Price per share | Price as of | Expected return per year | Subsequent price change | |---|---|---|---|---|---|---| | [Adobe Systems Incorporated (ADBE.US)](https://gigainvestors.com/s/ADBE) | PPPPP | no | $36.78 | 2009-12-31 | 7.9% | 584.3% to 2026-10-15 | | [Ametek Inc (AME.US)](https://gigainvestors.com/s/AME) | PPPPP | no | $17.00 | 2009-12-31 | 7.3% | 1362.3% to 2026-10-15 | | [Amphenol Corporation (APH.US)](https://gigainvestors.com/s/APH) | PPPPP | no | $2.89 | 2009-12-31 | 8.6% | 2723.4% to 2026-10-15 | | [Arcadis N.V. (ARCAD.AS)](https://gigainvestors.com/s/ARCAD.AS) | PPPPP | no | EUR 15.39 | 2009-12-31 | 11.6% | 166.9% to 2026-10-16 | | [AstraZeneca PLC (AZN.LSE)](https://gigainvestors.com/s/AZN.LSE) | PPPPP | yes | GBX 2,910.50 | 2009-12-31 | 13.0% | 327.4% to 2026-10-16 | | [AutoZone Inc (AZO.US)](https://gigainvestors.com/s/AZO) | PPPPP | no | $158.07 | 2009-12-31 | 13.2% | 1835.6% to 2026-10-15 | | [Bank of America Corp (BAC.US)](https://gigainvestors.com/s/BAC) | PPPPP | yes | $15.06 | 2009-12-31 | 16.7% | 243.3% to 2026-10-15 | | [A.G.Barr PLC (BAG.LSE)](https://gigainvestors.com/s/BAG.LSE) | PPPPP | no | GBX 297.83 | 2009-12-31 | 8.4% | 89.0% to 2026-10-16 | | [Barclays PLC (BARC.LSE)](https://gigainvestors.com/s/BARC.LSE) | PPPPP | yes | GBX 254.95 | 2009-12-31 | 19.2% | 69.4% to 2026-10-16 | | [British American Tobacco PLC (BATS.LSE)](https://gigainvestors.com/s/BATS.LSE) | PPPPP | no | GBX 2,016.50 | 2009-12-31 | 7.7% | 119.5% to 2026-10-16 | | [Becton Dickinson and Company (BDX.US)](https://gigainvestors.com/s/BDX) | PPPPP | no | $60.48 | 2009-12-31 | 10.9% | 220.3% to 2026-10-15 | | [Franklin Resources Inc (BEN.US)](https://gigainvestors.com/s/BEN) | PPPPP | no | $35.12 | 2009-12-31 | 7.4% | -10.6% to 2026-10-15 | | [Brown-Forman Corporation (BF-A.US)](https://gigainvestors.com/s/BF-A) | PPPPP | no | $11.22 | 2009-12-31 | 9.1% | 159.6% to 2026-10-15 | | [Bank of Nova Scotia (BNS.TO)](https://gigainvestors.com/s/BNS.TO) | PPPPP | yes | CAD 49.22 | 2009-12-31 | 12.5% | 162.5% to 2026-10-15 | | [Bunzl PLC (BNZL.LSE)](https://gigainvestors.com/s/BNZL.LSE) | PPPPP | no | GBX 675.00 | 2009-12-31 | 12.2% | 320.1% to 2026-10-16 | | [Brown & Brown Inc (BRO.US)](https://gigainvestors.com/s/BRO) | PPPPP | no | $8.98 | 2009-12-31 | | 656.6% to 2026-10-15 | | [Citigroup Inc. (C.US)](https://gigainvestors.com/s/C) | PPPPP | no | $33.10 | 2009-12-31 | | 272.2% to 2026-10-15 | | [Chemring Group PLC (CHG.LSE)](https://gigainvestors.com/s/CHG.LSE) | PPPPP | no | GBX 514.53 | 2009-12-31 | 4.3% | 4.4% to 2026-10-16 | | [CH Robinson Worldwide Inc (CHRW.US)](https://gigainvestors.com/s/CHRW) | PPPPP | no | $58.73 | 2009-12-31 | 6.7% | 144.9% to 2026-10-15 | | [Companhia Siderúrgica Nacional (CSNA3.SA)](https://gigainvestors.com/s/CSNA3.SA) | PPPPP | no | BRL 27.62 | 2009-12-31 | 12.0% | -78.3% to 2026-10-15 | | [Chevron Corp (CVX.US)](https://gigainvestors.com/s/CVX) | PPPPP | no | $76.99 | 2009-12-31 | 5.6% | 184.9% to 2026-10-15 | | [Danaher Corporation (DHR.US)](https://gigainvestors.com/s/DHR) | PPPPP | no | $25.27 | 2009-12-31 | 10.1% | 816.0% to 2026-10-15 | | [DaVita HealthCare Partners Inc (DVA.US)](https://gigainvestors.com/s/DVA) | PPPPP | no | $29.37 | 2009-12-31 | 6.9% | 544.1% to 2026-10-15 | | [Ecolab Inc (ECL.US)](https://gigainvestors.com/s/ECL) | PPPPP | no | $44.58 | 2009-12-31 | 6.3% | 552.3% to 2026-10-15 | | [Erie Indemnity Company (ERIE.US)](https://gigainvestors.com/s/ERIE) | PPPPP | no | $39.02 | 2009-12-31 | 10.6% | 511.7% to 2026-10-15 | | [Expeditors International of Washington, Inc. (EXPD.US)](https://gigainvestors.com/s/EXPD) | PPPPP | no | $34.77 | 2009-12-31 | 7.1% | 471.3% to 2026-10-15 | | [Fastenal Company (FAST.US)](https://gigainvestors.com/s/FAST) | PPPPP | no | $5.20 | 2009-12-31 | 7.4% | 867.9% to 2026-10-15 | | [FactSet Research Systems Inc (FDS.US)](https://gigainvestors.com/s/FDS) | PPPPP | no | $65.87 | 2009-12-31 | 8.5% | 358.2% to 2026-10-15 | | [General Dynamics Corporation (GD.US)](https://gigainvestors.com/s/GD) | PPPPP | yes | $68.17 | 2009-12-31 | 13.9% | 394.4% to 2026-10-15 | | [Goodwin PLC (GDWN.LSE)](https://gigainvestors.com/s/GDWN.LSE) | PPPPP | no | GBX 1,044.00 | 2009-12-31 | 12.4% | 1281.2% to 2026-10-16 | | [Gildan Activewear Inc. (GIL.TO)](https://gigainvestors.com/s/GIL.TO) | PPPPP | no | CAD 12.85 | 2009-12-31 | 9.6% | 363.6% to 2026-10-15 | | [Global Payments Inc (GPN.US)](https://gigainvestors.com/s/GPN) | PPPPP | no | $26.93 | 2009-12-31 | 3.9% | 212.6% to 2026-10-15 | | [Halma PLC (HLMA.LSE)](https://gigainvestors.com/s/HLMA.LSE) | PPPPP | no | GBX 243.00 | 2009-12-31 | 8.6% | 1301.6% to 2026-10-16 | | [Hormel Foods Corporation (HRL.US)](https://gigainvestors.com/s/HRL) | PPPPP | no | $9.61 | 2009-12-31 | 9.4% | 110.0% to 2026-10-15 | | [Infosys Ltd ADR (INFY.US)](https://gigainvestors.com/s/INFY) | PPPPP | no | $6.91 | 2009-12-31 | 5.4% | 75.6% to 2026-10-15 | | [Intertek Group PLC (ITRK.LSE)](https://gigainvestors.com/s/ITRK.LSE) | PPPPP | no | GBX 1,255.00 | 2009-12-31 | 5.7% | 371.3% to 2026-10-16 | | [Johnson Matthey PLC (JMAT.LSE)](https://gigainvestors.com/s/JMAT.LSE) | PPPPP | no | GBX 2,264.34 | 2009-12-31 | 5.3% | 10.9% to 2026-10-16 | | [Keller Group PLC (KLR.LSE)](https://gigainvestors.com/s/KLR.LSE) | PPPPP | yes | GBX 645.50 | 2009-12-31 | 14.2% | 375.3% to 2026-10-16 | | [Linde plc Ordinary Shares (LIN.US)](https://gigainvestors.com/s/LIN) | PPPPP | no | $80.31 | 2009-12-31 | 5.0% | 514.1% to 2026-10-15 | | [Lockheed Martin Corporation (LMT.US)](https://gigainvestors.com/s/LMT) | PPPPP | no | $75.35 | 2009-12-31 | 10.7% | 606.9% to 2026-10-15 | | [Microchip Technology Inc (MCHP.US)](https://gigainvestors.com/s/MCHP) | PPPPP | no | $14.53 | 2009-12-31 | 6.6% | 411.3% to 2026-10-15 | | [Manulife Financial Corp (MFC.TO)](https://gigainvestors.com/s/MFC.TO) | PPPPP | yes | CAD 19.33 | 2009-12-31 | 12.6% | 221.6% to 2026-10-15 | | [Marsh & McLennan Companies, Inc. (MRSH.US)](https://gigainvestors.com/s/MRSH) | PPPPP | no | $22.08 | 2009-12-31 | | 744.8% to 2026-10-15 | | [Metro Inc. (MRU.TO)](https://gigainvestors.com/s/MRU.TO) | PPPPP | no | CAD 13.07 | 2009-12-31 | 10.3% | 627.4% to 2026-10-15 | | [Mitie Group PLC (MTO.LSE)](https://gigainvestors.com/s/MTO.LSE) | PPPPP | no | GBX 118.44 | 2009-12-31 | 9.3% | 77.8% to 2026-10-16 | | [National Bank of Canada (NA.TO)](https://gigainvestors.com/s/NA.TO) | PPPPP | no | CAD 30.12 | 2009-12-31 | 10.9% | 578.4% to 2026-10-15 | | [National Australia Bank Ltd (NAB.AU)](https://gigainvestors.com/s/NAB.AU) | PPPPP | no | AUD 26.07 | 2009-12-31 | 9.7% | 50.9% to 2026-10-16 | | [Nike Inc (NKE.US)](https://gigainvestors.com/s/NKE) | PPPPP | no | $16.52 | 2009-12-31 | 8.8% | 124.9% to 2026-10-15 | | [Oracle Corporation (ORCL.US)](https://gigainvestors.com/s/ORCL) | PPPPP | no | $24.53 | 2009-12-31 | 9.5% | 448.2% to 2026-10-15 | | [Paychex Inc (PAYX.US)](https://gigainvestors.com/s/PAYX) | PPPPP | no | $30.64 | 2009-12-31 | 10.3% | 261.6% to 2026-10-15 | | [PepsiCo Inc (PEP.US)](https://gigainvestors.com/s/PEP) | PPPPP | no | $60.80 | 2009-12-31 | 7.2% | 111.2% to 2026-10-15 | | [Progressive Corp (PGR.US)](https://gigainvestors.com/s/PGR) | PPPPP | no | $17.99 | 2009-12-31 | 7.1% | 1088.2% to 2026-10-15 | | [PNC Financial Services Group Inc (PNC.US)](https://gigainvestors.com/s/PNC) | PPPPP | yes | $52.79 | 2009-12-31 | 17.9% | 307.2% to 2026-10-15 | | [Power Corporation Of Canada (POW.TO)](https://gigainvestors.com/s/POW.TO) | PPPPP | no | CAD 29.21 | 2009-12-31 | | 220.2% to 2026-10-15 | | [Reece Ltd (REH.AU)](https://gigainvestors.com/s/REH.AU) | PPPPP | no | AUD 4.81 | 2009-12-31 | 6.8% | 260.4% to 2026-10-16 | | [Rotork PLC (ROR.LSE)](https://gigainvestors.com/s/ROR.LSE) | PPPPP | no | GBX 118.60 | 2009-12-31 | 7.2% | 315.7% to 2026-10-16 | | [RTX Corporation (RTX.US)](https://gigainvestors.com/s/RTX) | PPPPP | no | $43.68 | 2009-12-31 | 10.4% | 328.0% to 2026-10-15 | | [Saputo Inc (SAP.TO)](https://gigainvestors.com/s/SAP.TO) | PPPPP | no | CAD 15.38 | 2009-12-31 | 7.8% | 159.4% to 2026-10-15 | | [Spirax Group plc (SPX.LSE)](https://gigainvestors.com/s/SPX.LSE) | PPPPP | no | GBX 1,335.38 | 2009-12-31 | 8.4% | 453.0% to 2026-10-16 | | [Standard Chartered PLC (STAN.LSE)](https://gigainvestors.com/s/STAN.LSE) | PPPPP | no | GBX 1,444.23 | 2009-12-31 | 10.0% | 47.8% to 2026-10-16 | | [UnitedHealth Group Incorporated (UNH.US)](https://gigainvestors.com/s/UNH) | PPPPP | no | $30.48 | 2009-12-31 | 11.2% | 1234.2% to 2026-10-15 | | [U.S. Bancorp (USB.US)](https://gigainvestors.com/s/USB) | PPPPP | no | $22.51 | 2009-12-31 | 12.0% | 155.0% to 2026-10-15 | | [Exxon Mobil Corp (XOM.US)](https://gigainvestors.com/s/XOM) | PPPPP | yes | $68.19 | 2009-12-31 | 12.2% | 156.2% to 2026-10-15 | Method: https://gigainvestors.com/value/method
2009 Q4: 9 at a fair price. Up 251% since; analysed index companies +760%.
Buy then 9
Expected return / yrBarclays
19.2%Since then +69%
Buy at or below GBX 632.63 · Then GBX 254.95PNC Financial Services Group
17.9%Since then +307%
Buy at or below $78.48 · Then $52.79Bank of America
16.7%Since then +243%
Buy at or below $26.09 · Then $15.06Keller Group
14.2%Since then +375%
Buy at or below GBX 675.45 · Then GBX 645.50