Global Strong Past Earnings Growth, P/E Ratio Below 20

Novo Nordisk

Market Cap: DKK 1.7t

Engages in the research and development, manufacture, and distribution of pharmaceutical products in Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, North America, and internationally.

Novartis

Market Cap: CHF 202.3b

Researches, develops, manufactures, distributes, markets, and sells pharmaceutical medicines in Switzerland and internationally.

QUALCOMM

Market Cap: US$164.9b

Engages in the development and commercialization of foundational technologies for the wireless industry worldwide.

Anheuser-Busch InBev

Market Cap: €100.0b

Produces, distributes, exports, markets, and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific.

Al Rajhi Banking and Investment

Market Cap: ر.س426.4b

Provides banking and investment services in the Kingdom of Saudi Arabia and internationally.

AIA Group

Market Cap: HK$735.1b

Provides life insurance based financial services in Hong Kong.

Cigna Group

Market Cap: US$80.3b

Provides insurance and related products and services in the United States.

Midea Group

Market Cap: CN¥551.9b

Manufactures and sells home appliances, and robotic and automation systems in China and internationally.

Meituan

Market Cap: HK$600.4b

Operates as a technology driven retail company in the People’s Republic of China, Hong Kong, Macao, Taiwan, and internationally.

ITOCHU

Market Cap: JP¥11.7t

Trades and imports/exports various products worldwide.

Travelers Companies

Market Cap: US$60.8b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally.

3i Group

Market Cap: UK£42.5b

A private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins.

Manulife Financial

Market Cap: CA$75.0b

Provides financial products and services in the United States, Canada, Asia, and internationally.

CMOC Group

Market Cap: HK$364.9b

Engages in the mining, beneficiation, smelting, and refining of base and rare metals in China, the Netherlands, Korea, Taiwan, Belgium, Bulgaria, Finland, France, Germany, Greece, Italy, Slovenia, Spain, Sweden, Switzerland, Turkey, the United Arab Emirates, the United States, Canada, Brazil, Mexico, South Africa, Australia, Japan, the United Kingdom, Singapore, Chile, Malaysia, Thailand, and internationally.

Trip.com Group

Market Cap: US$46.2b

Through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, in-destination, corporate travel management, and other travel-related services in China and internationally.

China Pacific Insurance (Group)

Market Cap: CN¥325.1b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

JD.com

Market Cap: US$45.2b

Operates as a supply chain-based technology and service provider in the People’s Republic of China.

Holcim

Market Cap: CHF 35.8b

Provides building materials and solutions worldwide.

Baidu

Market Cap: US$41.8b

Provides online marketing and non-marketing value added services through an internet platform in the People’s Republic of China.

DENSO

Market Cap: JP¥5.9t

Engages in the manufacture and sale of automotive parts in Japan, Rest of Asia, North America, Europe, and internationally.

Hannover Rück

Market Cap: €31.4b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Emaar Properties PJSC

Market Cap: د.إ122.9b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

Talanx

Market Cap: €28.9b

Provides insurance and reinsurance products and services worldwide.

Seven & i Holdings

Market Cap: JP¥4.8t

Operates convenience stores, superstores, and department stores in Japan, North America, and internationally.

China Hongqiao Group

Market Cap: HK$240.8b

An investment holding company, manufactures and sells aluminum products.

Ryanair Holdings

Market Cap: €26.5b

Provides scheduled-passenger airline services in Ireland, Italy, Spain, the United Kingdom, and internationally.

CRRC

Market Cap: CN¥212.4b

CRRC Corporation Limited, with its subsidiaries, engages in the research and development, design, manufacture, refurbishment, sale, leasing, and technical servicing of railway locomotives in Mainland China and internationally.

Wipro

Market Cap: ₹2.6t

Operates as an information technology (IT), consulting, and business process services company worldwide.

Alpha Dhabi Holding PJSC

Market Cap: د.إ105.0b

Engages in the construction, healthcare, real estate, and hospitality businesses in the United Arab Emirates and internationally.

S.F. Holding

Market Cap: CN¥203.6b

Engages in the logistics and freight forwarding services in China and internationally.

Suzuki Motor

Market Cap: JP¥4.2t

Engages in the manufacture and sale of automobiles, motorcycles, outboard motors, electric wheelchairs, and other products in Japan and internationally.

NAVER

Market Cap: ₩38.5t

Provides online search portal and information services in South Korea and internationally.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł93.1b

Provides various banking products and services in Poland and internationally.

ADNOC Drilling Company P.J.S.C

Market Cap: د.إ92.0b

Engages in the provision of drilling and construction services in in the United Arab Emirates.

Fuyao Glass Industry Group

Market Cap: CN¥173.6b

Engages in the provision of safety glass solutions and automotive accessories for various transportation vehicles in China and internationally.

Zoom Communications

Market Cap: US$24.0b

Provides an Artificial Intelligence-first work platform for human connection in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.