Greenlam Industries (BOM:538979) GF Value Rank : 9 (As of May. 16, 2024)

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What is Greenlam Industries GF Value Rank?

Greenlam Industries has the GF Value Rank of 9.

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 Greenlam Industries's GF Value Rank

For the Furnishings, Fixtures & Appliances subindustry, Greenlam Industries'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.

Greenlam Industries's GF Value Rank Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Greenlam Industries's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Greenlam Industries's GF Value Rank falls into.

Greenlam Industries GF Value Rank Related Terms

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Greenlam Industries (BOM:538979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Greenlam Industries Ltd (BOM:538979) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

GREENLAM:India

Address

Worldmark 1, Aerocity, 203, 2nd Floor. West Wing, IGI Airport Hospitality District, New Delhi, IND, 110 037

Website

https://www.greenlamindustries.com

Greenlam Industries Ltd manufactures laminate flooring. The company manufactures and sells laminates, decorative veneers, and their allied products which are used for homes, kitchens, offices and other premises. Its business activity includes work of Laminates, compact laminates, decorative veneers, engineered wood flooring, engineered door sets and door leaf and other allied products through its wholesale and retail network. The firm offers its products under the Greenlam, New Mika, Decowood, Mikasa Floors, and Mikasa Doors and Frames brand names. The operating segments of the company are Laminate and allied products and Veneer and allied products. Geographically, the group has a business presence in India and Outside India, of which a majority of its revenue is derived within India.

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