APAC Opto Electronics (ROCO:4908) GF Value Rank : 1 (As of May. 16, 2024)

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What is APAC Opto Electronics GF Value Rank?

APAC Opto Electronics has the GF Value Rank of 1.

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 APAC Opto Electronics's GF Value Rank

For the Communication Equipment subindustry, APAC Opto Electronics'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.

APAC Opto Electronics's GF Value Rank Distribution in the Hardware Industry

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

* The bar in red indicates where APAC Opto Electronics's GF Value Rank falls into.

APAC Opto Electronics GF Value Rank Related Terms

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APAC Opto Electronics (ROCO:4908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » APAC Opto Electronics Inc (ROCO:4908) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Tzu Chiang Road, Hsinchu Industrial Park, Hukow, Hsinchu Hsien, TWN

Website

https://www.apacoe.com.tw

APAC Opto Electronics Inc is a manufacturer of high-performance fiber optical transmission components for Local Area Networks (LANs), Wide Area Networks (WANs), Storage Networks (SANs), Metropolitan Area Networks (MANs), and Access Networks (ANs) in Taiwan. The products of the company include optical extender modules, optical transceiver modules, and copper transceiver modules. The company is engaged in the manufacture of wired and wireless communication equipment and electronic components, and the wholesale and retail of telecommunications equipment and electronic materials.

APAC Opto Electronics (ROCO:4908) Headlines

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