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Spectrum Group International 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.
Thank you for viewing the detailed overview of Spectrum Group International's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory N Roberts | director, 10 percent owner, officer: President and CEO | 2625 ST ANDREWS, TUSTIN CA 92660 |
Carol Meltzer | officer: General Counsel and EVP | 775 PASSAIC AVE, WEST CALDWELL NJ 07006 |
Jeffrey D Benjamin | director | 9 WEST 57TH STREET, 43TH FLOOR, NEW YORK NY 10019 |
William A Richardson | 10 percent owner | 2880 LAS VEGAS BLVD SOUTH, LAS VEGAS NV 89109 |
William Montgomery | director | 767 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10153 |
Joel R Anderson | director | 202 NORTH COURT STREET, FLORENCE AL 35630 |
Ellis Landau | director | CO PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148 |
Jess M Ravich | director | 11766 WILSHIRE BOULEVARD, SUITE 870, LOS ANGELES CA 90025 |
Silver Bow Ventures Llc | 10 percent owner | C/O SPECTRUM GROUP INTERNATIONAL, 1063 MCGAW, IRVINE CA 92614 |
Moorhead John | director | 5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801 |
Nolan Christopher William Sr | director | 15 TILGHMAN DRIVE, WAYNE NJ 07470 |
Thor Gjerdrum | officer: Chief Financial Officer & EVP | 5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801 |
Mark B Segall | director | 251 WEST 89TH STREET APT 20, NEW YORK NY 10024 |
Matthew M Walsh | officer: CFO AND EXE. V.P. | ALLERGAN, 5 GIRALDA FARMS, MADISON NJ 07940 |
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