CIE Automotive India (BOM:532756) GF Value Rank : 9 (As of May. 08, 2024)

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What is CIE Automotive India GF Value Rank?

CIE Automotive India has the GF Value Rank of 9.

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 CIE Automotive India's GF Value Rank

For the Auto Parts subindustry, CIE Automotive India'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.

CIE Automotive India's GF Value Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CIE Automotive India's GF Value Rank distribution charts can be found below:

* The bar in red indicates where CIE Automotive India's GF Value Rank falls into.

CIE Automotive India GF Value Rank Related Terms

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CIE Automotive India (BOM:532756) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CIE Automotive India Ltd (BOM:532756) » Definitions » GF Value Rank

Traded in Other Exchanges

CIEINDIA:India

Address

Off Western Express Highway, Suite F9D, Grand Hyatt Plaza (Lobby Level), Santacruz (East), Mumbai, MH, IND, 400 055

Website

https://www.cie-india.com

CIE Automotive India Ltd is engaged in the business of production and sale of automotive components to original equipment manufacturers and other customers (including suppliers of components) in India and overseas. The company has manufacturing facilities in India, Germany, Spain, Lithuania, Italy, and Mexico. The company has an established presence in each of these locations and supplies automotive components to its customers based there and export products to customers based in other countries as well. Geographically the company operates in two segments India and Europe.

CIE Automotive India (BOM:532756) Headlines

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