AirBoss of America (AirBoss of America) GF Value Rank : 4 (As of Apr. 26, 2024)

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What is AirBoss of America GF Value Rank?

AirBoss of America has the GF Value Rank of 4.

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 AirBoss of America's GF Value Rank

For the Specialty Chemicals subindustry, AirBoss of America'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.

AirBoss of America's GF Value Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, AirBoss of America's GF Value Rank distribution charts can be found below:

* The bar in red indicates where AirBoss of America's GF Value Rank falls into.

AirBoss of America GF Value Rank Related Terms

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AirBoss of America (AirBoss of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AirBoss of America Corp (OTCPK:ABSSF) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

2S1:Germany BOS:Canada

Address

16441 Yonge Street, Newmarket, ON, CAN, L3X 2G8

Website

https://www.airboss.com

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments, 1) The Rubber Solutions segment includes the manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. 2) The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts. 3) The AirBoss Defense Group is engaged in the manufacturing and distributing of personal protection and safety products and the manufacture of semi-finished rubber-related products. The Company operates manufacturing facilities and sales offices in the United States and Canada, selling in North American markets.