Coherent (Coherent) GF Value Rank : 5 (As of Jun. 01, 2024)

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What is Coherent GF Value Rank?

Coherent has the GF Value Rank of 5.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Coherent's GF Value Rank

For the Scientific & Technical Instruments subindustry, Coherent's GF Value Rank, along with its competitors' market caps and GF Value Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Coherent's GF Value Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Coherent's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Coherent's GF Value Rank falls into.

Coherent GF Value Rank Related Terms

Thank you for viewing the detailed overview of Coherent's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Coherent (Coherent) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Coherent Corp (NYSE:COHR) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

H7B:Germany H7B:Germany

Address

375 Saxonburg Boulevard, Saxonburg, PA, USA, 16056

Website

https://www.ii-vi.com

Coherent Corp manufactures engineered materials, optoelectronic components and products used in industrial, optical communications, military, semiconductor, consumer, and life science applications. The firm operates in two segments Photonic Solutions Segment and Compound Semiconductors Segment. The Photonic Solutions Segment leverages II-VI's compound semiconductor technology platforms to deliver components and subsystems. The Compound Semiconductors Segment is a market leader in differentiated materials and devices.

Executives

Christopher Koeppen	officer: Chief Innovation Officer	C/O COHERENT CORP., 375 SAXONBURG BOULEVARD, SAXONBURG PA 16056
Howard H. Xia	director	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Julie Sheridan Eng	officer: Chief Technology Officer	C/O COHERENT CORP., SAXONBURG PA 16056
Bashaw Walter Robert Ii	officer: General Counsel	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Richard J. Martucci	officer: Interim CFO & Treasurer	C/O COHERENT CORP., 375 SAXONBURG BOULEVARD, SAXONBURG PA 16056
Elizabeth Patrick	director	6400 POPLAR AVE, MEMPHIS TN 38197
Michelle M Sterling	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Ilaria Mocciaro	officer: SVP, CAO and Corp Controller	2301 PATRIOT BLVD, GLENVIEW IL 60026
Mary Jane Raymond	officer: Chief Financial Officer	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Ronald Basso	officer: Chief Legal & Compliance Off.	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Mattera Vincent D Jr	officer: Vice President	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
David L Motley	director	517 AVONWORTH HEIGHTS DRIVE, PITTSBURGH PA 151237
Joseph J Corasanti	director	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Francis J Kramer	director, officer: President & C.O.O.	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP