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AT&S Austria Technologie & Systemtechnik AG (STU:AUS) GF Value Rank : 8 (As of Jun. 23, 2024)


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What is AT&S Austria Technologie & Systemtechnik AG GF Value Rank?

AT&S Austria Technologie & Systemtechnik AG has the GF Value Rank of 8.

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 AT&S Austria Technologie & Systemtechnik AG's GF Value Rank

For the Electronic Components subindustry, AT&S Austria Technologie & Systemtechnik AG'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.

AT&S Austria Technologie & Systemtechnik AG's GF Value Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AT&S Austria Technologie & Systemtechnik AG's GF Value Rank distribution charts can be found below:

* The bar in red indicates where AT&S Austria Technologie & Systemtechnik AG's GF Value Rank falls into.


AT&S Austria Technologie & Systemtechnik AG GF Value Rank Related Terms

Thank you for viewing the detailed overview of AT&S Austria Technologie & Systemtechnik AG's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

AT&S Austria Technologie & Systemtechnik AG (STU:AUS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AT&S Austria Technologie & Systemtechnik AG (STU:AUS) » Definitions » GF Value Rank
Comparable Companies
FRA:CPU2 STU:SBV XTER:G6P XTER:BEZ XTER:SWA XTER:UUU XTER:IBU XTER:ECK XTER:4DS HAM:C9T APH TPE:2317 TEL TSE:6981 SZSE:002475 GLW TPE:2308 SZSE:000725 XKRX:006400 TSE:6762
Traded in Other Exchanges
ASAAF:USA ATSv:UK 0O5C:UK AUS:Germany AUS:Germany AUS:Germany ATS:Czech Republic ATS:Austria
Address
Fabriksgasse 13, Leoben-Hinterberg, AUT, 8700
Website
https://www.ats.net
AT&S Austria Technologie & Systemtechnik AG manufactures printed circuit boards and operates through three segments: Mobile Devices and Substrates; Automotive, Industrial and Medical; and Others. The products are manufactured in the European and Asian markets and are directly distributed to original equipment manufacturers as well as contract electronic manufacturers. It has a wide geographical reach with production facilities in Austria (Leoben and Fehring) and plants in India (Nanjangud), China (Shanghai, Chongqing) and Korea (Ansan, near Seoul). Majority of its revenues are derived from the Mobile Devices and Substrates segment, which is responsible for the production of printed circuit boards.