A2Z Smart Technologies (A2Z Smart Technologies) GF Value Rank : 2 (As of Apr. 26, 2024)

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What is A2Z Smart Technologies GF Value Rank?

A2Z Smart Technologies 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 A2Z Smart Technologies's GF Value Rank

For the Aerospace & Defense subindustry, A2Z Smart Technologies'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.

A2Z Smart Technologies's GF Value Rank Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, A2Z Smart Technologies's GF Value Rank distribution charts can be found below:

* The bar in red indicates where A2Z Smart Technologies's GF Value Rank falls into.

A2Z Smart Technologies GF Value Rank Related Terms

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A2Z Smart Technologies (A2Z Smart Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » A2Z Smart Technologies Corp (NAS:AZ) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

AZ:Canada

Address

559 Briar Hill Avenue, Toronto, ON, CAN, M5N 1N1

Website

https://www.a2zas.com

A2Z Smart Technologies Corp is a technology company in Israel providing products to the Israeli Defense and Security Forces, specializing in military unmanned robotics and state-of-the-art automation and electronics technology. The company commenced the development of two products for the automotive market. The first product is a capsule that can be placed in a fuel tank to prevent gas tank explosions. The second product under development is a vehicle cover device that will protect automobiles from extreme weather conditions while the vehicle is not in use. The company also provides maintenance services to both external and in-house complex electronic systems and products.