Aces Electronic Co (TPE:3605) GF Value Rank : 6 (As of May. 22, 2024)

View and export this data going back to 2009. Start your Free Trial

What is Aces Electronic Co GF Value Rank?

Aces Electronic Co has the GF Value Rank of 6.

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 Aces Electronic Co's GF Value Rank

For the Electronic Components subindustry, Aces Electronic Co'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.

Aces Electronic Co's GF Value Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Aces Electronic Co's GF Value Rank falls into.

Aces Electronic Co GF Value Rank Related Terms

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

Aces Electronic Co (TPE:3605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Aces Electronic Co Ltd (TPE:3605) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.13,Dongyuan Road, Zhongli District, Taoyuan, TWN, 32063

Website

http://www.acesconn.com

Aces Electronic Co Ltd is engaged in the electronic components business sector. The company offers connector solutions for various electronic applications like NB computers, cellular phones, digital cameras, and others. Aces provide shorter product development and production cycles for businesses. Its product portfolio consists of btb conn, card conn, battery conn, universal serial bus conn, power conn, and other. The Company has 4 reporting segments: connector, connector sets, metal stamping segment and other segment. The connector segment is mainly engaging in processing, manufacturing and selling of connectors. The connector sets segment is mainly engaging in manufacturing and sales of consumer electronics, communication peripherals and industrial connectors sets.

Aces Electronic Co (TPE:3605) Headlines

No Headlines