Ningxia Jiaze Renewables (SHSE:601619) GF Value Rank : 4 (As of Jun. 06, 2024)

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What is Ningxia Jiaze Renewables GF Value Rank?

Ningxia Jiaze Renewables has the GF Value Rank of 4.

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 Ningxia Jiaze Renewables's GF Value Rank

For the Utilities - Renewable subindustry, Ningxia Jiaze Renewables'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.

Ningxia Jiaze Renewables's GF Value Rank Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Ningxia Jiaze Renewables's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Ningxia Jiaze Renewables's GF Value Rank falls into.

Ningxia Jiaze Renewables GF Value Rank Related Terms

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Ningxia Jiaze Renewables (SHSE:601619) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ningxia Jiaze Renewables Corp Ltd (SHSE:601619) » Definitions » GF Value Rank

Traded in Other Exchanges

N/A

Address

Ningxia Hui Autonomous Region, Hongsipu District, Dahe Township, Xunzi, Wuzhong, CHN, 751999

Website

http://www.jzne.net.cn

Ningxia Jiaze Renewables Corp Ltd is engaged in the utility business. Its business includes the construction and operation of power plants for solar energy, wind energy, and bio-energy.

Executives

Chen Bo	Director
Han Xiao Dong	senior management
Zhao Ji Wei	Director
Zhang Jian Jun	Director
Ju Xin Tuan	senior management
Wang Qiang	senior management
Yang Ning	senior management
Yang Jie	Supervisors
Zhang Song	Supervisors
Yang Fan	Supervisors
An Zhen Min	senior management

Ningxia Jiaze Renewables (SHSE:601619) Headlines

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