Stornoway Diamond (Stornoway Diamond) GF Value Rank : 0 (As of Apr. 28, 2024)

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What is Stornoway Diamond GF Value Rank?

Stornoway Diamond 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.

Stornoway Diamond GF Value Rank Related Terms

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Stornoway Diamond (Stornoway Diamond) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Stornoway Diamond Corp (OTCPK:SWYDF) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1111 St. Charles Street West, Tour Ouest, Suite 400, Longueuil, QC, CAN, J4K 5G4

Website

http://www.stornowaydiamonds.com

Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.

Stornoway Diamond (Stornoway Diamond) Headlines

From GuruFocus

Stornoway Granted Approval and Vesting Order

By GlobeNewswire GlobeNewswire • 10-07-2019

Stornoway Diamond's 2016 Financial Report Reaffirms Its Position in the Industry

By Lovisa Alvin Lovisa Alvin • 02-27-2017

Stornoway Announces the Departure of Patrick Godin and Annie Torkia Lagacé, as Well as the Appointment of Patrick Sévigny as the Corporation's Chief Operating Officer

By GlobeNewswire GlobeNewswire • 06-25-2020

Stornoway Announces Board Appointment

By GlobeNewswire GlobeNewswire • 06-13-2018

Stornoway Announces Recommencement of Renard Mine Operations

By GlobeNewswire GlobeNewswire • 07-04-2018

Stornoway Receives Notice of Delisting Review by TSX

By GlobeNewswire GlobeNewswire • 08-22-2019