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H.I.G. Acquisition (H.I.G. Acquisition) GF Value Rank : 0 (As of Jun. 14, 2024)


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What is H.I.G. Acquisition GF Value Rank?

H.I.G. Acquisition has the GF Value Rank of 0.

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.

H.I.G. Acquisition GF Value Rank Related Terms

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H.I.G. Acquisition (H.I.G. Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » H.I.G. Acquisition Corp (NYSE:HIGA) » Definitions » GF Value Rank
Comparable Companies
LEAP RNER ENPC ARTA HCVI LHC CPAR PCPC TPGY TWLV GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
1450 Brickell Avenue, 31st Floor, Miami, FL, USA, 33131
Website
https://www.higacquisitioncorp.com
H.I.G. Acquisition Corp is a blank check company.
Executives
William Mitchell director 50 MARCUS DRIVE, MELVILLE NY 11747
Christopher J Oconnell director MEDTRONIC, INC., 710 MEDTRONIC PKWY, MINNEAPOLIS MN 55432
Sidney Taurel director ELI LILLY AND COMPANY, LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
Brian D Schwartz director, 10 percent owner, officer: CEO and Director 1450 BRICKELL AVE., 31ST FLOOR, MIAMI FL 33131
Richard Siegel officer: VP and General Counsel 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
Timur Akazhanov officer: Chief Financial Officer C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
H.i.g. Acquisition Advisors, Llc 10 percent owner 1450 BRICKELL AVENUE, MIAMI FL 33131
Robby B Wolfson director, 10 percent owner, officer: President and Director C/O H.I.G. ACQUISITION, 1450 BRICKELL AVENUE, MIAMI FL 33131
Anreas Beroutsos director C/O H.I.G. ACQUISITION, 1450 BRICKELL AVENUE, MIAMI FL 33131