Jinhua Chunguang Technology Co (SHSE:603657) GF Value Rank : 10 (As of Jun. 05, 2024)

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What is Jinhua Chunguang Technology Co GF Value Rank?

Jinhua Chunguang Technology Co 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 Jinhua Chunguang Technology Co's GF Value Rank

For the Consumer Electronics subindustry, Jinhua Chunguang Technology Co'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.

Jinhua Chunguang Technology Co's GF Value Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jinhua Chunguang Technology Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Jinhua Chunguang Technology Co's GF Value Rank falls into.

Jinhua Chunguang Technology Co GF Value Rank Related Terms

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Jinhua Chunguang Technology Co (SHSE:603657) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jinhua Chunguang Technology Co Ltd (SHSE:603657) » Definitions » GF Value Rank

Traded in Other Exchanges

N/A

Address

No. 420, Anwen Road, Zhejiang Province, Jinhua, CHN, 321000

Website

http://www.chinacgh.com

Jinhua Chunguang Technology Co Ltd is a research and development, and manufacturing company of hose assembly for cleaning appliances. The products of the company include central vacuum cleaner hose series, steel wire, extrusion hose, blow mould hose, wet vacuum hose, and vacuum cleaner accessories for home.

Executives

Lv Jing	Directors, senior managers
Wu Jian Kai	senior management
Fu Wei Cai	senior management
Wang Sheng Yong	Directors, senior managers
Zhang Chun Xia	Director
Chen Kai	Director
Chen Zheng Ming	Director

Jinhua Chunguang Technology Co (SHSE:603657) Headlines

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