Flex (FLEX) GF Value Rank

: 1 (As of Today)

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Flex has the GF Value Rank of 1.

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

For the Electronic Components subindustry, Flex'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.

Flex GF Value Rank Distribution

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

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

Flex GF Value Rank Related Terms

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Flex (FLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Flex Ltd (NAS:FLEX) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

FLEX:Mexico FXI:Germany FXI:Germany

Address

2 Changi South Lane, Singapore, SGP, 486123

Website

https://www.flex.com

Flex Ltd is a contract manufacturing company providing comprehensive electronics design, manufacturing, and product management services to global electronics and technology companies. The company's operating segments include Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. Flex Agility Solutions segment includes markets such as Communications, Enterprise and Cloud; Lifestyle; and Consumer Devices. Flex Reliability Solutions segment includes markets such as Automotive, Health Solutions, and Industrial. The Nextracker segment provides solar tracker technologies that optimize and increase energy production. The company's geographical segments include China, Mexico, the United States, Brazil, Malaysia, Hungary, and Others.

Executives

Erin Mcsweeney	director	EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
David Scott Offer	officer: EVP, General Counsel	6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Paul Lundstrom	officer: Chief Financial Officer	222 N. SEPULVEDA BLVD., SUITE 500, EL SEGUNDO CA 90245
Revathi Advaithi	director, officer: Chief Executive Officer	EATON HOUSE, 30 PEMBROKE ROAD, DUBLIN 4 L2 -
Kwang Hooi Tan	officer: Group President	6201 AMERICA CENTER DRIVE, ATTN: LEGAL, SAN JOSE CA 95002
Michael P Hartung	officer: President, Agility Solutions	6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Daniel Wendler	officer: Chief Accounting Officer	6201 AMERICA CENTER DRIVE, ATTN: LEGAL, SAN JOSE CA 95002
Rebecca Sidelinger	officer: Group President	6201 AMERICA CENTER DRIVE, ATTN: LEGAL, SAN JOSE CA 95002
Stevens Charles K. Iii	director	300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Maryrose Sylvester	director	C/O 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
Pat Ward	director	500 JACKSON STREET, COLUMBUS IN 47201
Francois Barbier	officer: President, Global Operations	ONE MARINA BOULEVARD, #28-00, SINGAPORE U0 018989
David P Bennett	officer: Chief Accounting Officer	3616 NICOLE AVE, PLEASANTON CA 94588
Todd Fruchterman	officer: Pres, Reliability Solutions	C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET, GUILFORD CT 06437
John D Harris	director	C/O FLEXTRONICS INTERNATIONAL USA, INC., 6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002