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Plum Acquisition I 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.
Thank you for viewing the detailed overview of Plum Acquisition I's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.
Brian Kevin Turner | director | C/O MICROSOFT CORPORATION, ONE MICROSOFT WAY, REDMOND WA 98052-6399 |
Ursula M Burns | director, 10 percent owner, officer: Executive Chairwoman | 200 SE MIZNER BLVD, UNIT 703, BOCA RATON FL 33432 |
Jennifer Ceran | director | C/O QUOTIENT TECHNOLOGY INC., 400 LOGUE AVE, MOUNTAIN VIEW CA 94043 |
Lane Bess | director | C/O ZSCALER INC, 110 ROSE ORCHARD WAY, SAN JOSE CA 95134 |
Kelly Wright | director | C/O TABLEAU SOFTWARE, INC., 837 NORTH 34TH ST., SUITE 200, SEATTLE WA 98103 |
Alok Sama | director | C/O BLUERIVER ACQUSITION CORP., 250 WEST NOTTINGHAM DRIVE SUITE 400, SAN ANTONIO TX 78209 |
Plum Partners, Llc | director, 10 percent owner | 2021 FILLMORE STREET, SUITE 2089, SAN FRANCISCO CA 94115 |
Mike John Dinsdale | director, 10 percent owner, officer: See Remarks | C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610 |
Kanishka Roy | director, 10 percent owner, officer: President | C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610 |
Vinodka Murria | director | C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610 |
Clay Whitehead | director, 10 percent owner, officer: Chief Executive Officer | C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610 |
From GuruFocus
By GlobeNewswire • 11-13-2023
By GuruFocus Research • 07-12-2023
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