Nobel Resources (Nobel Resources) GF Value Rank : 0 (As of Jun. 18, 2024)

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What is Nobel Resources GF Value Rank?

Nobel Resources 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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Nobel Resources (Nobel Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nobel Resources Corp (OTCPK:NBTRF) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

7Z00:Germany NBLC:Canada

Address

36 Lombard Street, Floor 4, Toronto, ON, CAN, M5C 2X3

Website

https://www.nobel-resources.com

Nobel Resources Corp is a mineral exploration and development company. It holds interests in the La Salvadora Property, Chile and Algarrobo Project, located in the coastal IOCG (Iron, Oxide, Copper, Gold) belt in northern Chile. Geographically, the company operates in Chile and Canada.

Nobel Resources (Nobel Resources) Headlines

From GuruFocus

Nobel Engages Generation IACP Inc. For Market Making Services

By GlobeNewswire GlobeNewswire • 03-22-2022

Nobel Announces Change to Board of Directors

By GlobeNewswire GlobeNewswire • 04-14-2023