If you are looking for a profitable portfolio of stocks offering the best of value and growth investing, try the growth at a reasonable price or GARP strategy. The strategy helps investors gain exposure to undervalued stocks with impressive prospects. Unlike a blend strategy, a portfolio that uses GARP investing is expected to include stocks that offer the best value and growth investing. Booz Allen Hamilton (NYSE: BAH), Ameriprise Financial (NYSE: AMP), CrediCorp (NYSE: BAP) and AECOM (NYSE: ACM) are some GARP stocks that hold promise. GARP Metrics — Mix of Growth & Value Metrics The GARP strategy seeks to offer an ideal investment by utilizing the best features of value and growth investing. Investors adopting the GARP approach prefer buying stocks priced below the market or any reasonable target determined by fundamental analysis. These stocks also have solid prospects in terms of cash flow, revenues, earnings per share and so on. Growth Metrics A strong earnings growth history and impressive earnings prospects are the main concepts that GARP investors borrow from the growth investing strategy. However, instead of super-normal growth rates, pursuing stocks with a more stable and reasonable growth rate is a tactic of GARP investors. Hence, growth rates between 10% and 20% are considered ideal under the GARP strategy. Another metric that growth and GARP investors consider is the return on equity (ROE). GARP investors look for ...