Horng Terng Automation Co (ROCO:7751) GF Value Rank : 0 (As of Dec. 11, 2024)

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What is Horng Terng Automation Co GF Value Rank?

Horng Terng Automation Co 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.

Horng Terng Automation Co GF Value Rank Related Terms

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Horng Terng Automation Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Horng Terng Automation Co Ltd (ROCO:7751) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 61, Jingliu 6th Road, Nanzi Export Processing Zone, Nantze District, Kaohsiung, TWN, 81170

Website

https://www.hta.com.tw

Horng Terng Automation Co Ltd is a Company that concentrates all its efforts on continuous research and development and upgrading of skills, providing complete technologies and equipment to customers, and providing customized equipment development and design, detection efficiency improvement, equipment integration and application, and other immediate and complete solutions based on customer development trends. It focuses on the research and development of various semiconductor equipment to enhance industrial competitiveness, and provides customers with high-quality customized products and semiconductor equipment integration services.

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