Fujian Fynex Textile Science & Technology Co (SHSE:600493) GF Value Rank : 5 (As of Sep. 23, 2024)

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What is Fujian Fynex Textile Science & Technology Co GF Value Rank?

Fujian Fynex Textile Science & Technology Co has the GF Value Rank of 5.

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.

Competitive Comparison of Fujian Fynex Textile Science & Technology Co's GF Value Rank

For the Textile Manufacturing subindustry, Fujian Fynex Textile Science & Technology Co's GF Value Rank, along with its competitors' market caps and GF Value Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fujian Fynex Textile Science & Technology Co's GF Value Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fujian Fynex Textile Science & Technology Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Fujian Fynex Textile Science & Technology Co's GF Value Rank falls into.

Fujian Fynex Textile Science & Technology Co GF Value Rank Related Terms

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Fujian Fynex Textile Science & Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Fujian Fynex Textile Science & Technology Co Ltd (SHSE:600493) » Definitions » GF Value Rank

Traded in Other Exchanges

N/A

Address

Fengzhu Industrial Zone, Qingyang, Jinjiang, Fujian, CHN, 362200

Website

http://www.fynex.com.cn

Fujian Fynex Textile Science & Technology Co Ltd is engaged in the production of fabrics, cheese yarns and environmental protection facilities. The company has a weaving factory, a dyeing factory, a bleaching and dyeing factory, a sewage treatment plant and a cotton spinning subsidiary. The product catalogue includes - Terry cloth set, Roman cloth, Fully lined stretch jersey, and Coffee carbon.

Executives

Li Chang Chun	Director
Chen Cheng Qing	Director
Lin Jian Cai	Director
Li Chun Xing	Director

Fujian Fynex Textile Science & Technology Co Headlines

No Headlines