Market Cap : 15.14 B | Enterprise Value : 14.91 B | PE Ratio : At Loss | PB Ratio : 1.70 |
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Bio-Rad Laboratories has the GF Value Rank of 7.
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.
For the Medical Devices subindustry, Bio-Rad Laboratories'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.
For the Medical Devices & Instruments industry and Healthcare sector, Bio-Rad Laboratories's GF Value Rank distribution charts can be found below:
* The bar in red indicates where Bio-Rad Laboratories's GF Value Rank falls into.
Thank you for viewing the detailed overview of Bio-Rad Laboratories's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.
Dahowski Diane | officer: EVP, Global Supply Chain | C/O BIO-RAD LABORATORIES, INC. 1000 ALFRED NOBEL DRIVE HERCULES CA 94547 |
Allison Schwartz | director | C/O BIO-RAD LABORATORIES, INC. 1000 ALFRED NOBEL DRIVE HERCULES CA 94547 |
May Simon | officer: EVP, President, LSG | C/O BIO-RAD LABORATORIES, INC. 1000 ALFRED NOBEL DRIVE HERCULES CA 94547 |
Last Andrew J. | officer: EVP, Chief Operating Officer | 3420 CENTRAL EXPRESSWAY SANTA CLARA CA 95051 |
Ramalingam Ajit | officer: SVP, Chief Accounting Officer | C/O BIO-RAD LABORATORIES, INC. 1000 ALFRED NOBEL DRIVE HERCULES CA 94547 |
Daskal Ilan | officer: EVP, Chief Financial Officer | 1000 ALFRED NOBEL DRIVE HERCULES CA 94547 |
Ernst Timothy S | officer: EVP, General Counsel & Sec | 1000 ALFRED NOBEL DRIVE HERCULES CA 94547 |
Wright Dara | officer: Executive Vice President | C/O BIO-RAD LABORATORIES, INC. 1000 ALFRED NOBEL DRIVE HERCULES CA 94547 |
Crowley Michael | officer: EVP, GBL Commercial Operations | 1000 ALFRED NOBEL DRIVE HERCULES CA 94547 |
Schwartz Norman D | director, 10 percent owner, officer: Chairman, President, and CEO | 1000 ALFRED NOBEL DRIVE HERCULES CA 94547 |
Schwartz Steven D | 10 percent owner | 1000 ALFRED NOBEL DRIVE HERCULES CA 94547 |
Schwartz Alice N | director, 10 percent owner | |
Tumolo Annette | officer: Executive Vice President | C/O BIO-RAD LABORATORIES, INC. 1000 ALFRED NOBEL DRIVE HERCULES CA 94547 |
Hinckley Gregory K | director | C/OMENTOR GRAPHICS CORP 8005 SW BOECKMAN ROAD WILSONVILLE OR 97070-7777 |
Pei Melinda Litherland | director | 1000 ALFRED NOBEL DRIVE HERCULES CA 94547 |
From GuruFocus
By John Dorfman 12-14-2020
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