AAC Clyde Space AB (FRA:MKC0) GF Value Rank : 2 (As of May. 15, 2024)

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What is AAC Clyde Space AB GF Value Rank?

AAC Clyde Space AB 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 AAC Clyde Space AB's GF Value Rank

For the Aerospace & Defense subindustry, AAC Clyde Space AB'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.

AAC Clyde Space AB's GF Value Rank Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AAC Clyde Space AB's GF Value Rank distribution charts can be found below:

* The bar in red indicates where AAC Clyde Space AB's GF Value Rank falls into.

AAC Clyde Space AB GF Value Rank Related Terms

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AAC Clyde Space AB (FRA:MKC0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AAC Clyde Space AB (FRA:MKC0) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

ACCMF:USA AAC:Sweden

Address

Dag Hammarskjolds vag 48, Uppsala Science Park, Uppsala, SWE, SE-751 83

Website

https://www.aac-clyde.space

AAC Clyde Space AB is engaged in advanced nanosatellite spacecraft, mission services, and reliable subsystems. The group has six reportable segments: AAC Clyde Space (Swedish operation); Clyde Space (Scottish operation); Hyperion Space (Netherland operation); SpaceQuest, operations in the US; Omnisys Instruments, operations in Gothenburg, Sweden; and AAC Space Africa, operations in South Africa. Its geographical segments are Sweden, the United Kingdom, the Rest of Europe, the United States, Asia, and the Rest of the world.

AAC Clyde Space AB (FRA:MKC0) Headlines

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