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Athens International Airport (ATH:AIA) GF Value Rank : 0 (As of Dec. 15, 2024)


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What is Athens International Airport GF Value Rank?

Athens International Airport has the GF Value Rank of 0.

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.

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Athens International Airport Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Athens International Airport SA (ATH:AIA) » Definitions » GF Value Rank
Comparable Companies
Traded in Other Exchanges
9O1:Germany
Address
Athens International Airport, El. Venizelos SA, SPATA, Attica, Athens, GRC, 19019
Website
https://www.aia.gr
Athens International Airport SA is a company active in the financing, construction, and operation of civil airports and related activities. As a civil airport operator, the company manages the Athens International Airport in Spata, Greece. The company's operating segments are; Air activities and Non-air activities. The maximum revenue is generated from its Air activities segment which includes the provision at the Airport of any facilities like the landing, parking, or taking-off of aircraft; the servicing of aircraft; and the handling of passengers among others. The Non air activities segment represents revenues from non-air activities mainly consisting of car parking, food and beverage, duty-free, retail shops building/office rental, and other commercial services.