National Electronics Holdings (HKSE:00213) GF Value Rank : 0 (As of May. 26, 2024)

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What is National Electronics Holdings GF Value Rank?

National Electronics Holdings 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.

National Electronics Holdings GF Value Rank Related Terms

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National Electronics Holdings (HKSE:00213) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » National Electronics Holdings Ltd (HKSE:00213) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Pedder Street, The Landmark, Suite 3201, Gloucester Tower, Central, Hong Kong, HKG

Website

https://www.national.com.hk

National Electronics Holdings Ltd is an investment holding company. The company's operating segment includes the Manufacture of watches and trading of watch movements, Property development and investment, and Hotel operation. The property development and investment segment includes the development and sale of properties and the holding of properties for investment and leasing purposes. The company generates the majority of its revenue from sales of watches. The company has a Geographically presence in North America, Hong Kong, China, Europe, and Other Countries.

Executives

Lee Loewe Bon Chi
Lee Yuen Ching Jimmy
Fenmore Investments Limited	2101 Beneficial owner
Hsbc International Trustee Limited	2301 Trustee
Americus Holdings Limited	2101 Beneficial owner

National Electronics Holdings (HKSE:00213) Headlines

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