Modernform Group PCL (BKK:MODERN) GF Value Rank : 10 (As of May. 21, 2024)

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What is Modernform Group PCL GF Value Rank?

Modernform Group PCL has the GF Value Rank of 10.

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 Modernform Group PCL's GF Value Rank

For the Furnishings, Fixtures & Appliances subindustry, Modernform Group PCL'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.

Modernform Group PCL's GF Value Rank Distribution in the Furnishings, Fixtures & Appliances Industry

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

* The bar in red indicates where Modernform Group PCL's GF Value Rank falls into.

Modernform Group PCL GF Value Rank Related Terms

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Modernform Group PCL (BKK:MODERN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Modernform Group PCL (BKK:MODERN) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

699 Srinakarindr Road, Modernform Tower, 1st - 4th Floor, Phatthanakan Subdistrict, Suan Luang District, Bangkok, THA, 10250

Website

https://www.modernform.co.th

Modernform Group PCL is a Thailand-based company, involved in the manufacturing and distribution of home and office furniture. The business of the group is operated through four segments: furniture business, furniture fitting and other materials business, rental and service business, and architectural design and construction business of which furniture business accounts for the majority of revenue. Its furniture business consists of office furniture products, residential furniture products, kitchen furniture products; bathroom furniture products, and others. All the operations functioned throughout the region of Thailand.

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