JTL Industries (BOM:534600) GF Value Rank : 10 (As of May. 17, 2024)

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What is JTL Industries GF Value Rank?

JTL Industries has the GF Value Rank of 10.

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 JTL Industries's GF Value Rank

For the Steel subindustry, JTL Industries'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.

JTL Industries's GF Value Rank Distribution in the Steel Industry

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

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

JTL Industries GF Value Rank Related Terms

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JTL Industries (BOM:534600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » JTL Industries Ltd (BOM:534600) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

JTLIND:India

Address

SCO 18-19, Sector 28-C, Chandigarh, PB, IND, 160 002

Website

https://www.jtlinfra.com

JTL Industries Ltd operates in the metal industry. The company manufactures and is involved in galvanized ERW Steel Pipes and Tubes, hollow sections, and structural steel extensively used in engineering and construction projects. Company has single reportable business segment i.e. manufacturing of iron/steel tubes, pipes and structures. The Company has a pan-India presence and is globally present in serving continents such as Europe, Africa, Asia, Australia and North America.

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