Apax Global Alpha (CHIX:APAXL) GF Value Rank : 2 (As of May. 20, 2024)

View and export this data going back to 2018. Start your Free Trial

What is Apax Global Alpha GF Value Rank?

Apax Global Alpha has the GF Value Rank of 2.

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 Apax Global Alpha's GF Value Rank

For the Asset Management subindustry, Apax Global Alpha'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.

Apax Global Alpha's GF Value Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Apax Global Alpha's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Apax Global Alpha's GF Value Rank falls into.

Apax Global Alpha GF Value Rank Related Terms

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

Apax Global Alpha (CHIX:APAXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Apax Global Alpha Ltd (CHIX:APAXl) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

APAX:UK

Address

East Wing, Trafalgar Court, P.O. Box 656, Les Banques, Saint Peter Port, GGY, GY1 3PP

Website

https://www.apaxglobalalpha.com

Apax Global Alpha Ltd is a closed-ended investment company that invests in a diversified portfolio of private equity funds and Derived Investments. The company's investment objective is to provide shareholders with capital appreciation from its investment portfolio and regular dividends. It is targeting an annualized Total Return across economic cycles of nearly 12-15%, which includes net fees and expenses. Once fully invested, the company aims to pay an annualized dividend yield of about 5% of Net Asset Value per annum. Geographically, it derives a majority of revenue from North America.

Apax Global Alpha (CHIX:APAXL) Headlines

No Headlines