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Petroleum Industrial & Civil Construction JSC (HSTC:PXI) GF Value Rank : 0 (As of Jun. 13, 2024)


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What is Petroleum Industrial & Civil Construction JSC GF Value Rank?

Petroleum Industrial & Civil Construction JSC 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.

Petroleum Industrial & Civil Construction JSC GF Value Rank Related Terms

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Petroleum Industrial & Civil Construction JSC (HSTC:PXI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Petroleum Industrial & Civil Construction JSC (HSTC:PXI) » Definitions » GF Value Rank
Comparable Companies
Traded in Other Exchanges
N/A
Address
35D 30/4 Road Ward 9, TP Vung Tau Tinh Ba Ria, Vung Tau, VNM
Website
http://www.pvc-ic.com.vn
Petroleum Industrial & Civil Construction JSC is a construction Company. It is engaged in building petroleum plants and equipment's. The firm constructs commercial, residential and office buildings, along with industrial buildings, plants and storage facilities for usage in the oil and gas industry.

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