M31 Technology (ROCO:6643) GF Value Rank : 3 (As of May. 16, 2024)

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What is M31 Technology GF Value Rank?

M31 Technology has the GF Value Rank of 3.

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 M31 Technology's GF Value Rank

For the Semiconductors subindustry, M31 Technology'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.

M31 Technology's GF Value Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, M31 Technology's GF Value Rank distribution charts can be found below:

* The bar in red indicates where M31 Technology's GF Value Rank falls into.

M31 Technology GF Value Rank Related Terms

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M31 Technology (ROCO:6643) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » M31 Technology Corp (ROCO:6643) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.8, Taiyuan 2nd Street, 9th Floor, Hsinchu County, Zhubei, TWN, 302

Website

https://www.m31tech.com

M31 Technology Corp is a professional silicon intellectual property (IP) provider. It focuses on providing high-speed interface IPs, memory compilers and standard cell library solutions. The company provides customers with differentiated IP solutions. These solutions help customers grasp market opportunities in short design cycles, low manufacturing costs, and high product competitiveness. The company operates in Taiwan, the United States and China.

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