Just Life Group (NZSE:JLG) GF Value Rank : 0 (As of Jun. 03, 2024)

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What is Just Life Group GF Value Rank?

Just Life 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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Just Life Group (NZSE:JLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Just Life Group Ltd (NZSE:JLG) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

130 Hugo Johnston Drive, Penrose, Auckland, NTL, NZL, 1061

Website

https://www.justlifegroup.co.nz

Just Life Group Ltd is a New Zealand based company that is focused on supplying products and services that enhance the lives of people. It has two operating segments: Healthy Living and Healthy Homes. Through these segments, it is engaged in the provision of filtered water solutions to customers including the sale of water and water-related products and enabling healthier homes with its Solatube daylighting products, the Cylinder Guy, Designer Tanks and Unovent home ventilation systems.

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