China Come Ride New Energy Group (HKSE:08039) GF Value Rank : 0 (As of Jun. 18, 2024)

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What is China Come Ride New Energy Group GF Value Rank?

China Come Ride New Energy Group 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.

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China Come Ride New Energy Group (HKSE:08039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Come Ride New Energy Group Ltd (HKSE:08039) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Shing Yip Street, Unit E, 33rd Floor, Legend Tower, Kwun Tong, Hong Kong, HKG

Website

http://www.8039.com.hk

China Come Ride New Energy Group Ltd is principally engaged in the provision of comprehensive architectural and structural engineering consultancy services. Its service portfolio comprises licensing consultancy, alteration and addition works and minor works consultancy, inspection and certification, and other architecture-related consultancies.

Executives

New Energy Business Cluster Company Limited	2101 Beneficial owner
Zhou Renchao	2201 Interest of corporation controlled by you
Ke Yuexian	2101 Beneficial owner

China Come Ride New Energy Group (HKSE:08039) Headlines

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