In 2022, some top growth stocks still represent a good value for investors. Even if the prices of these companies keep rising, they all remain solid investments in this bad economy, especially if you plan to hold them for a long time.

I believe the top growth stocks from 2022 are still valuable.

Dollarama

For years, Dollarama (TSX:DOL) has been recommended as a fantastic investment during a recession. Customers frequently switch to Dollarama stock to save some money rather than purchasing goods at pricey stores. Additionally, it is often one of the last businesses to raise prices in times of inflation.

This business, however, is more than just one of the best growth stocks. Because it keeps adding new store locations and has a new Latin American chain under its wing, revenue keeps increasing yearly.

Shares of Dollarama stock are now up 22% year to date and currently trade at 31 times earnings.

Saputo

Saputo (TSX:SAP) is another of the best growth stocks to think about since, if there’s one thing we’ll always need, it’s food. Saputo stock has a long number of brand names that are sold in nations all over the world, despite its primary focus on dairy goods. And it just keeps getting bigger and bigger.

Saputo stock’s second-quarter earnings were up 48% year over year to $0.35 per diluted share. With adjusted net earnings of $177 million, revenue increased by 21% to $4.46 billion. Increased prices in all industries, particularly in the United States, contributed partly to the growth. In yet another quarter, Saputo stock outperformed earnings forecasts.

Shares of Saputo stock are up 23% year to date and trade at 36 times earnings.

Fairfax

Last but not least, investors might think about Fairfax Financial Holdings (TSX:FFH), one of the best growth stocks. Although cheap, it promises growth that you may anticipate for years. This is a result of its widespread presence in the insurance sector.

Investors should be aware that even though a net loss was reported for the most recent quarter, it was caused by bond investments as interest rates rose. Despite the loss, revenue increased from $6.71 billion to $6.84 billion from the previous year.

Shares of Fairfax stock are up 20% year to date, trading at 31 times earnings.

Bottom line

All three growth stocks have a price-to-earnings ratio (P/E) in the 30s while having double-digit gains. This wouldn’t add value by itself. However, I still think these stocks are valued in a recessionary economy like the one we’re in.

The performance of each of these businesses over the long term accounts for a portion of this. Fairfax, Saputo, and Dollarama stocks have all been around for a long time. In that time, each has experienced exponential growth and is expected to do so for many more years.

In actuality, the shares of Dollarama, Saputo, and Fairfax have increased by 2,423%, 783%, and 742%, respectively, over the past two decades. With such phenomenal growth, these top growth stocks will remain solid investments for many years.