Bangkok Commercial Property Fund (BKK:BKKCP) GF Value Rank : 5 (As of May. 22, 2024)

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What is Bangkok Commercial Property Fund GF Value Rank?

Bangkok Commercial Property Fund has the GF Value Rank of 5.

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 Bangkok Commercial Property Fund's GF Value Rank

For the REIT - Office subindustry, Bangkok Commercial Property Fund'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.

Bangkok Commercial Property Fund's GF Value Rank Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Bangkok Commercial Property Fund's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Bangkok Commercial Property Fund's GF Value Rank falls into.

Bangkok Commercial Property Fund GF Value Rank Related Terms

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Bangkok Commercial Property Fund (BKK:BKKCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Bangkok Commercial Property Fund (BKK:BKKCP) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Rama 1 Road, 989 Siam Piwat Tower, 24th Floor, Patumwan, Bangkok, THA, 10330

Website

https://www.one-asset.com

Bangkok Commercial Property Fund is a closed-end fund investing in property and property lease rights. The primary objective of the fund is to maintain an appropriate capital structure in order to provide returns for unitholders in accordance with the fund's establishment objective. The company invests in properties such as office suites and commercial apartments in Charn Issara Tower and Charn Issara Tower II. Geographically it operates through the region of Thailand.

Bangkok Commercial Property Fund (BKK:BKKCP) Headlines

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