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OmniTek Engineering (OmniTek Engineering) GF Value Rank : 0 (As of Apr. 27, 2024)


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What is OmniTek Engineering GF Value Rank?

OmniTek Engineering 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.

OmniTek Engineering GF Value Rank Related Terms

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OmniTek Engineering (OmniTek Engineering) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » OmniTek Engineering Corp (OTCPK:OMTK) » Definitions » GF Value Rank
Comparable Companies
FLES REII TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG SHSE:600660 XTER:CON LKQ SHSE:601689 SZSE:002920 TSE:7259 BWA XTER:HLE TSE:5802 ALV
Traded in Other Exchanges
N/A
Address
1345 Specialty Dr. No. E, Vista, CA, USA, 92081
Website
https://www.omnitekcorp.com
OmniTek Engineering Corp is a developer or manufacturer of patented hotwires spark plug wires. It develops and sells proprietary diesel-to-natural gas engine conversion systems and complementary products, including new natural gas engines that utilize the Company's technology. Omnitek products are available for stationary applications in the transportation industry, which includes light commercial vehicles, minibuses, heavy-duty trucks, municipal buses, as well as rail and marine applications.
Executives
Gary S Maier director 815 MORAGA DRIVE, SUITE 306, LOS ANGELES CA 90049
John M Palumbo director
Werner Funk director, 10 percent owner, officer: President, CEO and Secretary 1345 SPECIALTY DR., #E, VISTA CA 92081
Richard L Miller officer: CFO 1333 KEYSTONE WAY, #101, VISTA CA 92081
Janice M Quigley director, officer: Vice President 15-2819 INA STREET, PAHOA HI 96778
Alicia A Rolfe officer: CFO 1333 KEYSTONE WAY, #101, VISTA CA 92081
George G Chachas director
John D Garber 10 percent owner 7506 N BROADWAY EXTN, STE 505, OKLAHOMA CITY OK 73116