Codan (ASX:CDA) GF Value Rank: 1 (As of Jul. 09, 2026) — 67% Below Median


ASX:CDA Codan Ltd ASX:CDA
85 GF Score
Price A$43.00
GF Value A$20.90
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Codan GF Value Rank?

Codan ASX:CDA -1.58% 85 GF Value Rank is 1 as of Jul. 09, 2026, which is 67% below its 10-year median of 3.00. GuruFocus rates ASX:CDA with a GF Score™ of 85/100 and a GF Value™ of A$20.90 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Codan has the GF Value Rank of 1.

GF Value Rank evaluates the exclusive GuruFocus valuation and performance of a stock, rated on a scale from 1 to 10. It 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.

A higher score indicates a stock with a relatively low valuation and substantial potential for outperformance. Conversely, a lower score often reflects stocks that are either highly overvalued or deeply undervalued, both of which tend to underperform.

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

ASX:CDA vs COHR, KEYS, GRMN: GF Value Rank Comparison

For the Scientific & Technical Instruments subindustry, Codan'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.

Codan GF Value Rank vs Hardware Industry

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

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


ASX:CDA
85GF Score
Codan Ltd ASX:CDA
GF Value Rank is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about GF Value Rank →
What does a GF Value Rank of 1 mean?
Codan (ASX:CDA) has a GF Value Rank of 1 as of Jul. 09, 2026. GF Value Rank is given based on historical multiples along with past returns, growth and future estimates of the business' performance. View historical data on Codan and its competitors. This is 67% below median its historical median of 3.00. Over the past decade, Codan's GF Value Rank has ranged from 1.00 to 10.00.
Is Codan's GF Value Rank too high?
Codan's current GF Value Rank of 1 is 67% below median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 10.00. Overall, Codan has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Codan's GF Value Rank compare to COHR and KEYS?
Codan's GF Value Rank of 1 can be compared against companies in the Hardware industry. Historically, Codan's own GF Value Rank has ranged from 1.00 to 10.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good GF Value Rank for a Hardware company?
A good GF Value Rank depends on the Hardware industry context. However, GF Value Rank should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high GF Value Rank mean?
A high GF Value Rank can signal that a stock is expensive relative to its fundamentals. GF Value Rank is given based on historical multiples along with past returns, growth and future estimates of the business' performance. View historical data on Codan and its competitors. Codan's current GF Value Rank is 1, which is 67% below median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Codan stock overvalued right now?
Based on GuruFocus' analysis, Codan (ASX:CDA) is currently considered Significantly Overvalued. The stock's GF Value™ is A$20.90, compared to a current price of A$43.00 — trading 105.7% above its estimated fair value. The current GF Value Rank is 1, which is 67% below median its 10-year median of 3.00. Codan's overall GF Score™ is 85/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is GF Value Rank calculated?
GF Value Rank is calculated from a company's financial statements. For Codan (ASX:CDA), the current GF Value Rank is 1 as of Jul. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Codan (ASX:CDA) Overvalued in 2026?

Based on GuruFocus' analysis, Codan stock appears to be overvalued. The current stock price of A$43.00 is trading 105.7% above its estimated GF Value™ of A$20.90. GuruFocus considers Codan to be Significantly Overvalued.

Key valuation signals for ASX:CDA:

  • GF Value Rank: 1 (67% below median its 10-year median of 3.00)
  • GF Value™: A$20.90 vs. price of A$43.00 (105.7% above fair value)
  • GF Score™: 85/100 with 7 warning signs

No single metric tells the full story. See the ASX:CDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Codan Business Description

Other Exchanges UL4:Germany
Address Technology Park, 2 Second Avenue, Mawson Lakes, Adelaide, SA, AUS, 5095
Codan designs and sells communications products and metal detection devices. Its global customer base includes military, security, emergency responders, broadcasters, government, humanitarian organizations, utilities, and mining. Earnings are skewed to its communications business. This business provides command center technology used to coordinate public transport, emergency services, utilities, and broadcasting. Codan also produces lightweight radios suitable for attaching to drones. In metal detection, it produces hand-held metal detection devices, sold to organizations and individuals such as gold prospectors and hobbyist treasure hunters. Customers also use this equipment for safety and security. About half of group revenue comes from North America, and one-fourth is from Europe.
85GF Score

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GF Value Rank is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$43.00
Price
A$20.90
GF Value