Published on 25 Apr 2024 on Simply Wall St. via Yahoo Finance
Passive investing in index funds can generate returns that roughly match the overall market. But the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, the Acuity Brands, Inc. (NYSE:AYI) share price is up 75% in the last five years, slightly above the market return. We're also happy to report the stock is up a healthy 65% in the last year.
Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.