Novation (Novation) GF Value Rank : 0 (As of May. 16, 2024)

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What is Novation GF Value Rank?

Novation 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.

Novation GF Value Rank Related Terms

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Novation (Novation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Novation Companies Inc (OTCPK:NOVCQ) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

9229 Ward Parkway, Suite 340, Kansas City, MO, USA, 64114

Website

http://novationcompanies.com

Novation Companies Inc provides outsourced health care staffing and related services in the State of Georgia. Services are performed by medical staff on-site at the company's clients' facilities.

Executives

Lee D Keddie	director	1110 W. LAKE COOK ROAD SUITE 220 BUFFALO GROVE IL 60089
David William Pointer	director, officer: Chief Executive Officer	PO BOX 402, NEWMAN LAKE WA 99025
Howard Amster	director	23811 CHAGRIN BLVD # 200, BEACHWOOD OH 44122-5525
Barry Igdaloff	director
Howard Timothy Eriksen	director	567 WILDROSE CIRCLE, LYNDEN WA 98264
Jeffrey E. Eberwein	director, officer: Executive Chairman	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Charles M Gillman	director	1223 WILSHIRE BOULEVARD, OFFICE 648, SANTA MONICA CA 90402
Robert G. Pearse	director	100 CANAL POINTE BLVD., SUITE 108, PRINCETON NJ 08540
Carolyn K. Campbell	officer: Chief Financial Officer	C/O NOVATION COMPANIES, INC. 500 GRAND BOULEVARD, SUITE 201B KANSAS CITY MO 64106
Richard Rector	other: See Remarks	C/O NOVATION COMPANIES, INC. 500 GRAND BOULEVARD, SUITE 201B KANSAS CITY MO 64106
W Lance Anderson	officer: President and COO	2114 CENTRAL ST STE 600 KANSAS CITY MO 64108
Gregory T Barmore	director	C/O NOVASTAR FINANCIAL INC, 8140 WARD PARKWAY, STE 300, KANSAS CITY MO 64114
Steve M Haslam	officer: Chief Operating Officer	2114 CENTRAL STREET SUITE 600 KANSAS CITY MO 64108
Edward W Mehrer	director	C/O NOVASTAR FINANCIAL INC 8140 WARD PARKWAY, STE 300 KANSAS CITY MO 64114
Art N Burtscher	director	C/O NOVASTAR FINANCIAL INC 8140 WARD PARKWAY, STE 300 KANSAS CITY MO 64114

Novation (Novation) Headlines

From GuruFocus

Novation Companies Announces Date of 2018 Annual Meeting of Shareholders

By PRNewswire PRNewswire • 08-02-2018