Basic Energy Services (Basic Energy Services) GF Value Rank : 0 (As of May. 24, 2024)

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What is Basic Energy Services GF Value Rank?

Basic Energy Services 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.

Basic Energy Services GF Value Rank Related Terms

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Basic Energy Services (Basic Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Basic Energy Services Inc (OTCPK:BASWQ) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 Cherry Street, Suite 2100, Fort Worth, TX, USA, 76102

Website

https://www.basices.com

Basic Energy Services Inc is a provider of well-site services to oil and natural gas drilling and producing companies. Its operating segments are Completion and Remedial Services, Well Servicing, and Water Logistics. The company generates maximum revenue from Well Servicing segment. Its Well Servicing segment performs a full range of services with a mobile well servicing rig, or workover rig, and ancillary equipment.

Executives

Reeb Robert J. Iii	officer: VP and General Counsel	801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Michael S Henry	officer: See Remarks	801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Pedro R. Buhigas	officer: See Remarks	801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Brandon B. Mcguire	officer: SVP, Central Region	801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Ross Solomon	director	299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Derek Jeong	director	299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Sterling Renshaw	officer: SVP, Western Region	3990 ROGERDALE RD., HOUSTON TX 77042
Lawrence A. First	director	C/O ASCRIBE CAPITAL 299 PARK AVENUE, 34TH FLOOR NEW YORK NY 10171
Ascribe Iii Investments Llc	10 percent owner	299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Ascribe Capital Llc	10 percent owner	590 MADISON AVENUE 38TH FLOOR NEW YORK NY 10022
American Securities Llc	10 percent owner	590 MADISON AVENUE, 38TH FLOOR, NEW YORK NY 10022
Keith L Schilling	director, officer: See Remarks	24955 INTERSTATE 45 NORTH, THE WOODLANDS TX 77380
David Scott Schorlemer	officer: See Remarks	16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084
Richard Scott Wegner	officer: See Remarks	801 CHERRY STREET, SUITE 2100, UNIT #21 FORT WORTH TX 76102
Adam Logan Hurley	officer: See Remarks	801 CHERRY STREET, SUITE 2100, UNIT #21 FORT WORTH TX 76102