I analyzed all American and Chinese companies that were ever publicly traded from 1970s to today. I then grouped them into “U.S.” and “China” according to a company’s country of domicile. In total, my analysis covered over 21,000 listed stocks.

My findings can be summarized in the following tables. Here, the columns “Average ‘Baggers'” mean the number of times a stock has gone up (including dividends) during a given decade — for example, if that column shows 15, it means the average stock from that particular sector has gone up 15x during the given decade — i.e., your $1 of investment has turned into $15.

Then, how about 100-baggers, those stocks that returned 100x during any of these defined decades? There are not that many of them, actually. There are fewer than 60 of such stocks in the U.S. over the past 40 years until 2019; only four in total from China.

On the China side, the four are as such: Evergrande New Energy Vehicle (0708 HK; 2009-2019), Sunny Optical (2382 HK; 2009-2019), Inner Mongolia Yitai Coal (900948;1999-2009) and Hi Sun Technology (0818 HK; 1999-2009).

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