Veritec (Veritec) GF Value Rank : 0 (As of Jun. 10, 2024)

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What is Veritec GF Value Rank?

Veritec 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.

Veritec GF Value Rank Related Terms

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Veritec (Veritec) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Veritec Inc (OTCPK:VRTC) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

12445 Winnetka Avenue North, Golden Valley, MN, USA, 55427

Website

https://www.veritecinc.com

Veritec Inc is engaged in the development, marketing, sales, and licensing of products and rendering of professional services. The company renders professional services related to mobile banking technology. Its mobile banking technology is used to offer Prepaid Card Programs to sponsor banks and approved applicants/cardholders. The products and services offered by the company include MTC Debit Card - Visa Prepaid Card Programs, blinx ON-OFF Debit Card - Visa Prepaid Card Programs, Custom Branded Debit Card Programs, and blinxPay Mobile Wallet App. Geographically, it derives revenue from the United States.

Executives

Matthews Group, Llc	10 percent owner	2445 WINNETKA AVENUE, GOLDEN VALLEY MN 55427
Van Thuy Tran	director, 10 percent owner, officer: CEO & President	2445 WINNETKA AVENUE, GOLDEN VALLEY MN 55427
Lawrence J Johanns	10 percent owner	2445 WINNETKA AVENUE, GOLDEN VALLEY MN 55427
Laird E. Powers	director	530 HAWTHORNE COURT, LOS ALTOS CA 94024
David Christopher Reiling	director	4516 FREMONT AVENUE SOUTH, MINNEAPOLIS MN 55419
Robert W Junghans	director	2 SKILLMAN LANE, NORTH OAKS MN 55127
Jeffrey J Hattara	officer: Chief Executive Officer	319 BARRY AVENUE SOUTH, SUITE 300, WAYZATA MN 55391
Gerald David Fors	officer: CFO	7321-15TH AVE. SO., RICHFIELD MN 55423
Larry Matthews	director	7601 5TH AVE., RICHFIELD MN 55423
Charles E Boyer	director

Veritec (Veritec) Headlines

From GuruFocus

VERITEC SIGNED JOINT VENTURE WITH VIVA ENTERTAINMENT GROUP AKA VIVALIVETV (OTTV)

By PRNewswire PRNewswire • 05-23-2023