Polytec Holding AG (WBO:PYT) GF Value Rank : 2 (As of Apr. 28, 2024)

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What is Polytec Holding AG GF Value Rank?

Polytec Holding AG has the GF Value Rank of 2.

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 Polytec Holding AG's GF Value Rank

For the Auto Parts subindustry, Polytec Holding AG'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.

Polytec Holding AG's GF Value Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Polytec Holding AG's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Polytec Holding AG's GF Value Rank falls into.

Polytec Holding AG GF Value Rank Related Terms

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Polytec Holding AG (WBO:PYT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Polytec Holding AG (WBO:PYT) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

P4N:Germany

Address

Polytec-Strasse 1, Hoersching, AUT, 4063

Website

https://www.polytec-group.com

Polytec Holding AG is an Austria-based company focused on the automotive and plastics industry. It manufactures plastic parts globally. The operating segments are divided into four units namely Plastics, which supplies plastic components for the interior of passenger cars, engines, and the non-automotive industry. Composites provide exterior and engine parts for commercial and passenger vehicles. The car-Styling unit offers accessories, small parts, and systems for vehicles, and Industrial produces plastic molded components and others. It provides service in the field of injection molding, fiber-reinforced plastics, and the manufacturer of original accessory parts made of plastic and stainless steel. Geographical presence in Austria, Austria, UK, Sweden, Hungary, and Other countries.

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