{"id":3307,"date":"2026-01-31T17:15:00","date_gmt":"2026-01-31T16:15:00","guid":{"rendered":"https:\/\/mueckinvest.de\/?p=3307"},"modified":"2026-01-31T17:13:26","modified_gmt":"2026-01-31T16:13:26","slug":"%f0%9f%92%bc-factor-strategy-value","status":"publish","type":"post","link":"https:\/\/mueckinvest.com\/en\/%f0%9f%92%bc-faktorstrategie-value\/","title":{"rendered":"\ud83d\udcbc Factor strategy: Value"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><strong>Investing in undervalued, solid companies<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The \u201eValue\u201c factor strategy focuses on shares that are favourably valued in relation to their fundamentals. Value ETFs filter companies according to key figures such as price\/earnings ratio, price\/book ratio or cash flow valuation. The aim is to systematically identify undervalued companies that have long-term catch-up potential.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udd0d What does \u201evalue\u201c mean?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Value indices select companies on the basis of classic valuation ratios. Typical criteria:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Low price\/earnings ratio (P\/E ratio)<\/li>\n\n\n\n<li>Low price-to-book ratio (P\/B ratio)<\/li>\n\n\n\n<li>High free cash flow<\/li>\n\n\n\n<li>Stable profits<\/li>\n\n\n\n<li>Solid balance sheet structure<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The idea: markets often exaggerate - value stocks can therefore be valued too favourably at times.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83e\udded Why is the value strategy interesting?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Value companies are characterised by:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Stable business models<\/li>\n\n\n\n<li>Often high dividends<\/li>\n\n\n\n<li>Lower valuation compared to the overall market<\/li>\n\n\n\n<li>Potential catch-up potential after weak phases<\/li>\n\n\n\n<li>Robust cash flows<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Historically, value shares have performed particularly well in certain market phases (e.g. rising interest rates, inflation).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcca Structure &amp; characteristics of a value ETF<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Index:<\/strong> z.e.g. MSCI World Value<\/li>\n\n\n\n<li><strong>Regions:<\/strong> global, focus on industrialised countries<\/li>\n\n\n\n<li><strong>Replication:<\/strong> Physical<\/li>\n\n\n\n<li><strong>Utilisation of earnings:<\/strong> mostly accumulating<\/li>\n\n\n\n<li><strong>TER:<\/strong> approx. 0.25-0.35 %<\/li>\n\n\n\n<li><strong>Sectors:<\/strong> Often overweight in financials, energy, industry<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Value ETFs differ significantly from traditional global ETFs as they specifically overweight favourably valued companies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcc8 Opportunities<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Attractive long-term return potential<\/li>\n\n\n\n<li>Favourable valuation compared to the overall market<\/li>\n\n\n\n<li>Often higher dividend yields<\/li>\n\n\n\n<li>Good performance in phases of rising interest rates<\/li>\n\n\n\n<li>Solid business models with stable cash flows<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">\u26a0\ufe0f Risks<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Value traps: favourable, but for good reason<\/li>\n\n\n\n<li>Possible underperformance in growth phases<\/li>\n\n\n\n<li>Sector distortions (e.g. financials, energy)<\/li>\n\n\n\n<li>not suitable as sole world ETF<\/li>\n\n\n\n<li>Valuation ratios can change quickly<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83e\udde9 Role in the portfolio<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Value is suitable as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Supplement to growth or quality strategies<\/li>\n\n\n\n<li>Equalisation for high-growth portfolios<\/li>\n\n\n\n<li>Long-term satellite for diversification<\/li>\n\n\n\n<li>Building block for dividend strategies<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The strategy is particularly interesting for investors who want to invest anti-cyclically and benefit from valuation differences.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcdd Conclusion<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The value strategy pools companies that are favourably valued in relation to their fundamentals. It offers long-term potential, higher dividends and stability in certain market phases. As a supplement to a broad global ETF, value can be a useful building block for a balanced portfolio.<\/p>","protected":false},"excerpt":{"rendered":"<p>Investieren in unterbewertete, solide Unternehmen Die Faktorstrategie \u201eValue\u201c konzentriert sich auf Aktien, die im Verh\u00e4ltnis zu ihren Fundamentaldaten g\u00fcnstig bewertet sind. Value\u2011ETFs filtern Unternehmen nach Kennzahlen wie Kurs\u2011Gewinn\u2011Verh\u00e4ltnis, Kurs\u2011Buchwert\u2011Verh\u00e4ltnis oder Cashflow\u2011Bewertung. Ziel ist es, systematisch unterbewertete Firmen zu identifizieren, die langfristig Aufholpotenzial besitzen. \ud83d\udd0d Was bedeutet \u201eValue\u201c? Value\u2011Indizes w\u00e4hlen Unternehmen anhand klassischer Bewertungskennzahlen aus. Typische [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[59],"tags":[242,132,249],"class_list":["post-3307","post","type-post","status-publish","format-standard","hentry","category-themen-deep-dive","tag-energie","tag-inflation","tag-zinsen","pmpro-has-access"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/mueckinvest.com\/en\/wp-json\/wp\/v2\/posts\/3307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mueckinvest.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mueckinvest.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mueckinvest.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mueckinvest.com\/en\/wp-json\/wp\/v2\/comments?post=3307"}],"version-history":[{"count":1,"href":"https:\/\/mueckinvest.com\/en\/wp-json\/wp\/v2\/posts\/3307\/revisions"}],"predecessor-version":[{"id":3308,"href":"https:\/\/mueckinvest.com\/en\/wp-json\/wp\/v2\/posts\/3307\/revisions\/3308"}],"wp:attachment":[{"href":"https:\/\/mueckinvest.com\/en\/wp-json\/wp\/v2\/media?parent=3307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mueckinvest.com\/en\/wp-json\/wp\/v2\/categories?post=3307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mueckinvest.com\/en\/wp-json\/wp\/v2\/tags?post=3307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}