Grand Ocean Advanced Resources Co (HKSE:00065) GF Value Rank : 0 (As of Jun. 14, 2024)

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What is Grand Ocean Advanced Resources Co GF Value Rank?

Grand Ocean Advanced Resources Co 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.

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Grand Ocean Advanced Resources Co (HKSE:00065) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Grand Ocean Advanced Resources Co Ltd (HKSE:00065) » Definitions » GF Value Rank

Traded in Other Exchanges

N/A

Address

255-257 Gloucester Road, Suite 1602, Sino Plaza, Hong Kong, HKG

Website

https://www.grandocean65.com

Grand Ocean Advanced Resources Co Ltd is an investment holding company that is engaged in the coal mining business. The Group has one reportable operating segment which is the Coal Mining Business. Majority of its revenue is generated from PRC except Hong Kong.

Executives

Cao Min	2201 Interest of corporation controlled by you
Yuan Nian Guo Ji Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Sungold Developments Group Limited	2101 Beneficial owner
Ninetynine Technology Service Limited	2101 Beneficial owner
Liu Chang Deng	2101 Beneficial owner
Xiao Bingnan	2101 Beneficial owner
Blossom International Investment Holdings Limited	2201 Interest of corporation controlled by you
Blossom Investment Consultant Limited	2101 Beneficial owner
Yang Fang	2201 Interest of corporation controlled by you

Grand Ocean Advanced Resources Co (HKSE:00065) Headlines

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