HyreCar (HyreCar) GF Value Rank : 0 (As of Jun. 06, 2024)

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What is HyreCar GF Value Rank?

HyreCar 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.

HyreCar GF Value Rank Related Terms

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HyreCar (HyreCar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » HyreCar Inc (OTCPK:HYREQ) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

915 Wilshire Boulevard, Suite 1950, Los Angeles, CA, USA, 90017

Website

https://www.hyrecar.com

HyreCar Inc is a peer-to-peer car-sharing marketplace that allows car owners to rent their idle cars to ride-sharing service drivers. The company generates its revenue in the form of transaction fees, insurance fee, and from other sources such as referrals, motor vehicle record fees, late rental fees, and other fees charged to drivers in specific situations. It operates in a single segment, which is Rental.

Executives

Vazquez Eduardo Iniguez	officer: Interim CFO	C/O HYRECAR INC. 915 WILSHIRE BLVD., SUITE 1950, LOS ANGELES CA 90017
Brian Allan	officer: President	355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Bock Serge De	officer: Chief Financial Officer	355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Arctis Global Llc	10 percent owner	AM TOWERS, 207 CALLE DEL PARQUE, 7TH FLOOR, SAN JUAN PR 00912-3242
Greg Tatem	officer: Chief Technology Officer	915 WILSHIRE BLVD., SUITE 1950, LOS ANGELES CA 90017
Jayaprakash Vijayan	director	25501 WEST VALLEY PARKWAY, SUITE 300, OLATHE KS 66061
Joseph Furnari	director, officer: CEO and CFO	C/O HYRECAR INC., 355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Michael Furnari	officer: CBD Officer	C/O HYRECAR INC., 355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Grace Wang	director	355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Robert Scott Brogi	officer: Chief Financial Officer	C/O HYRECAR INC., 355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Henry Park	officer: Chief Operating Officer	C/O HYRECAR INC., 355 SOUTH GRAND STREET, SUITE 1650, LOS ANGELES CA 90071
Michael Root	director	C/O HYRECAR INC., 355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Ken Grimes	officer: Chief Technology Officer	355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Anshu Bansal	director, 10 percent owner	C/O HYRECAR INC., 355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Brooke Skinner-ricketts	director	C/O HYRECAR, INC., 355 SOUTH GRAND AVE, SUITE 1650, LOS ANGELES CA 90071