PM Thoresen Asia Holdings PCL (BKK:PMTA) GF Value Rank : 3 (As of May. 15, 2024)

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What is PM Thoresen Asia Holdings PCL GF Value Rank?

PM Thoresen Asia Holdings PCL 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 PM Thoresen Asia Holdings PCL's GF Value Rank

For the Agricultural Inputs subindustry, PM Thoresen Asia Holdings 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.

PM Thoresen Asia Holdings PCL's GF Value Rank Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, PM Thoresen Asia Holdings PCL's GF Value Rank distribution charts can be found below:

* The bar in red indicates where PM Thoresen Asia Holdings PCL's GF Value Rank falls into.

PM Thoresen Asia Holdings PCL GF Value Rank Related Terms

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PM Thoresen Asia Holdings PCL (BKK:PMTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » PM Thoresen Asia Holdings PCL (BKK:PMTA) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

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Address

Soi Chidlom, Ploenchit Road, 26/26-27 Orakarn Building, 8th Floor, Lumpinee, Pathumwan, Bangkok, THA, 10330

Website

https://www.pmthoresenasia.com

PM Thoresen Asia Holdings PCL is a Thailand-based investment holding company. The primary activities of the company and its subsidiaries include the manufacture of nitrogen-phosphorus-potassium (NPK) synthesized chemical and micro-element fertilizers, distribution of new seeds and agricultural materials, as well as manufacture, import, and export of plant protection chemicals and macronutrient products. It has two products segments: Manufacture of Fertilizer and crop care products and Factory area management services. The company earns majority of its revenue through the manufacture of fertilizer and crop care products. It has a business presence in Vietnam and other countries.

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