Holly Energy Partners LP (Holly Energy Partners LP) GF Value Rank : 3 (As of May. 05, 2024)

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What is Holly Energy Partners LP GF Value Rank?

Holly Energy Partners LP 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 Holly Energy Partners LP's GF Value Rank

For the Oil & Gas Midstream subindustry, Holly Energy Partners LP'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.

Holly Energy Partners LP's GF Value Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Holly Energy Partners LP's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Holly Energy Partners LP's GF Value Rank falls into.

Holly Energy Partners LP GF Value Rank Related Terms

Thank you for viewing the detailed overview of Holly Energy Partners LP's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Holly Energy Partners LP (Holly Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Holly Energy Partners LP (NYSE:HEP) » Definitions » GF Value Rank

Comparable Companies

VNOM NS INSW STNG GLNG HESM PAGP KNTK LPG TNK TSX:ENB EPD ET WMB LNG OKE KMI TSX:TRP MPLX CQP

Traded in Other Exchanges

N/A

Address

2828 N. Harwood, Suite 1300, Dallas, TX, USA, 75201-1507

Website

http://www.hollyenergy.com

Holly Energy Partners LP operates a network of refined products and crude oil pipelines, with attendant terminal assets, in several western and southwestern states. The company has two reportable segments namely Pipelines and Terminals and Refinery Processing Unit. It generates maximum revenue from the Pipelines and Terminals segment.

Executives

Robert I Jamieson	officer: SVP and COO	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Mark A Petersen	director	550 EAST SOUTH TEMPLE, SALT LAKE CITY UT 84102
Hf Sinclair Corp	10 percent owner, other: See remarks	2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201
Sinclair Companies	10 percent owner	550 EAST SOUTH TEMPLE, SALT LAKE CITY UT 84102
Carol Holding	10 percent owner	550 EAST SOUTH TEMPLE, SALT LAKE CITY UT 84102
James H Lee	director	10000 MEMORIAL DRIVE STE 600, HOUSTON TX 77024-3411
Larry R Baldwin	director	2828 N. HARWOOD STREET, SUITE 1300, DALLAS TX 75201
Michael Jennings	director	10000 MEMORIAL DRIVE, SUITE 600, HOUSTON TX 77024
Kenneth Norwood	officer: VP and Controller	2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201
Harrison John Wayne Jr	officer: SVP, CFO and Treasurer	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Vaishali S. Bhatia	officer: SVP, General Counsel & Sec	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Eric L Mattson	director	C/O REX ENERGY CORP, 366 WALKER DRIVE, STATE COLLEGE PA 16801
Christine B Lafollette	director	2828 N. HARWOOD, SUITE 1300, DALLAS X1 75201
Richard Kevin Hardage	director	2626 COLE AVE SUITE 705, DALLAS TX 75209
Holly Refining & Marketing Co - Woods Cross Llc	other: See Footnotes	2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201