PT Mitra Pedagang Indonesia Tbk (ISX:MPIX) GF Value Rank : 0 (As of Jun. 06, 2024)

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What is PT Mitra Pedagang Indonesia Tbk GF Value Rank?

PT Mitra Pedagang Indonesia Tbk 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.

PT Mitra Pedagang Indonesia Tbk GF Value Rank Related Terms

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PT Mitra Pedagang Indonesia Tbk (ISX:MPIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PT Mitra Pedagang Indonesia Tbk (ISX:MPIX) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Halim Perdana Kusuma, 2nd Floor, Ruko Khayangan Residence Blok RA-11, East Java, Bangkalan, IDN, 69119

Website

https://www.mpstore.co.id

PT Mitra Pedagang Indonesia Tbk is a solution provider for daily digital payments and transactions that helps MSMEs digitize traditional businesses by providing faster access through the "MPStore SuperApp MSME" platform. MPStore platform offers various products and services that can help MSMEs in various important aspects, namely in the form of (i) Digital Product Aggregator and Payment Channel, (ii) QRIS Merchant Services for MSMEs, (iii) Free Online Cashier Services, (iv) Services (Street Banking /MINI ATM), (v) E-commerce & E-grocery Services (Kulakan) (vi) Logistics Agent Services, (vii) Capital Access Services (People's Business Credit), (viii) to Quick commerce mini web to make it easier for MSMEs to sell to customers.

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