Hyster-Yale Materials Handling (Hyster-Yale Materials Handling) GF Value Rank : 3 (As of Apr. 28, 2024)

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What is Hyster-Yale Materials Handling GF Value Rank?

Hyster-Yale Materials Handling has the GF Value Rank of 3.

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 Hyster-Yale Materials Handling's GF Value Rank

For the Farm & Heavy Construction Machinery subindustry, Hyster-Yale Materials Handling'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.

Hyster-Yale Materials Handling's GF Value Rank Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hyster-Yale Materials Handling's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Hyster-Yale Materials Handling's GF Value Rank falls into.

Hyster-Yale Materials Handling GF Value Rank Related Terms

Thank you for viewing the detailed overview of Hyster-Yale Materials Handling's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Hyster-Yale Materials Handling (Hyster-Yale Materials Handling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hyster-Yale Materials Handling Inc (NYSE:HY) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

HYEA:Germany

Address

5875 Landerbrook Drive, Suite 300, Cleveland, OH, USA, 44124-4069

Website

https://www.hyster-yale.com

Hyster-Yale Materials Handling Inc designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks and the products are market under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. The company operates through three geographical regions namely: the Americas, EMEA, JAPIC, of which Americas region accounts for the larger share of the revenue.

Executives

Susan Sichel	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Batcheler Colleen	director	ONE CONAGRA DRIVE, OMAHA NE 68102
Martha S Kelly	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Scott Minder	officer: SVP & Chief Financial Officer	5875 LANDERBROOK, SUITE 300, CLEVELAND OH 44124
Jon C Taylor	officer: Officer of a Subsidiary	5875 LANDERBROOK DRIVE, SUITE 300, CLEVELAND OH 44124
Gregory Breier	officer: Vice President-Tax	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD OH 44124
Patric Schroeter	officer: Officer of a Subsidiary	5875 LANDERBROOK DRIVE, SUITE 300, CLEVELAND OH 44124
Butler John C Jr	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Helen Rankin Butler	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
David B Williams	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Clara R Williams	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Rankin Alfred M Et Al	director, officer: Chairman	5875 LANDERBROOK DR, MAYFIELD HEIGHTS OH 44124
Victoire G Rankin	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Chloe O Rankin	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Claiborne R Rankin	director, other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124