Ascent Industries Co (Ascent Industries Co) GF Value Rank : 3 (As of May. 06, 2024)

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What is Ascent Industries Co GF Value Rank?

Ascent Industries Co 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 Ascent Industries Co's GF Value Rank

For the Steel subindustry, Ascent Industries Co'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.

Ascent Industries Co's GF Value Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ascent Industries Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Ascent Industries Co's GF Value Rank falls into.

Ascent Industries Co GF Value Rank Related Terms

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Ascent Industries Co (Ascent Industries Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ascent Industries Co (NAS:ACNT) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

SY4:Germany

Address

1400 16th Street, Suite 270, Oak Brook, IL, USA, 60523

Website

https://www.ascentco.com

Ascent Industries Co is engaged in the chemical and metal industry. The group operates into two reportable segments namely the Ascent Tubular Products and the Specialty Chemicals Segment. The Tubular Products segment serves markets through pipe and tube and customers in the appliance, architectural, automotive and commercial transportation, brewery, chemical, petrochemical and other industries. The Specialty Chemicals segment produces specialty products for the pulp and paper, coatings, adhesives, sealants and elastomers (CASE), textile, automotive, household and other industries. It manufactures welded pipe and tube, majorly from stainless steel, duplex, and nickel alloys. The company also produces specialty chemicals and dyes used in various end markets.

Executives

Zuppo John Robert Iii	other: Exec VP - Synalloy Chemicals	6095 OLD BRICK STORE RD, GREENSBORO NC 27455
William Steckel	officer: Chief Financial Officer	2972 STENDER WAY, SANTA CLARA CA 95054
Benjamin L Rosenzweig	director	50 OLD IVY ROAD SUITE 230, ATLANTA GA 30342
Mazzaferro Aldo John Jr	director	15 MIDWOOD ROAD, STONY BROOK NY 11790
Christopher Gerald Hutter	director	1400 16TH STREET, SUITE 250, OAK BROOK IL 60523
Privet Fund Lp	10 percent owner, other: See Explanation of Responses	3280 PEACHTREE ROAD NE, SUITE 2670, Atlanta GA 30305
Henry L Guy	director	89 SUMMIT AVENUE, SECOND FLOOR, SUMMIT NJ 07901
Aaron M Tam	officer: Chief Financial Officer	4510 COX ROAD, SUITE 201, GLEN ALLEN VA 23060
John Schauerman	director	26000 COMMERCENTRE DR., LAKE FOREST CA 92630
Tackett Glenn Douglas Jr	officer: Chief Legal Officer	4510 COX ROAD, SUITE 201, GLEN ALLEN VA 23060
David James Kuzy	other: EVP - Synalloy Chemicals	639 S. MAIN STREET, NAPERVILLE IL 60540
Timothy J Lynch	other: Exec VP - Synalloy Metals	13601 PERDIDO KEY DRIVE, UNIT 12 C, PENSACOLA FL 32507
Sarah M Cunningham	officer: VP Corporate Adinistration	14519 AUGUSTA LANE, ASHLAND X1 23005
Maria Haughton Roberson	other: President, ASTI	129 HONEYCUTT ROAD, TROUTMAN NC 28166
Anthony A Callander	director	PO BOX 5627, SPARTANBURG SC 29304