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Oil and water don’t mix. But value and growth can. The two leading schools of stock-market investing are often perceived of as foes. But some of the best stocks have one foot in each camp.

Every year, I try to bring you some stocks that exemplify both value (a price no more than 15 times earnings) and growth (earnings and sales growth of 12% or better the past five years).

This is the 13th column I have written on the subject, and results to date have been pleasing. The average 12-month total return on my selections has been 14.96%. That compares to 10.85% for the Standard & Poor’s 500 Index. Ten of the 12 columns have been profitable and eight have beaten the S&P 500.

Bear in mind that my column recommendations are theoretical and don’t reflect actual trades, trading costs or taxes. Their results shouldn’t be confused with the performance of portfolios I manage for clients. And past performance doesn’t predict future results.

Here are five stocks that show both value and growth characteristics now.

Walgreens Boots Alliance (WBA) owns the American drugstore chain Walgreens and its British counterpart, Boots. It has more than 13,000 drugstores in 11 countries and has wholesale operations in additional countries. Drugstores have an advantage over other retailers in that people come in to fill prescriptions and linger to buy general merchandise.

Walgreens has grown its earnings at an average of 18% a year for the past five years, and sales at 14%. Yet the stock sells for only 13 times earnings.

A debt-free choice is little Argan (AGX), based in Rockville, Maryland. The company designs and builds energy plants–mostly fueled by natural gas, but also some that use biodiesel, wind or solar power. I had also mentioned Argan last year.

Argan has grown its earnings by about 22%…