Shanghai Shimao Co (SHSE:600823) GF Value Rank : 2 (As of Jun. 17, 2024)

View and export this data going back to 1994. Start your Free Trial

What is Shanghai Shimao Co GF Value Rank?

Shanghai Shimao Co has the GF Value Rank of 2.

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 Shanghai Shimao Co's GF Value Rank

For the Real Estate - Development subindustry, Shanghai Shimao 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.

Shanghai Shimao Co's GF Value Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shanghai Shimao Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Shanghai Shimao Co's GF Value Rank falls into.

Shanghai Shimao Co GF Value Rank Related Terms

Thank you for viewing the detailed overview of Shanghai Shimao Co's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Shimao Co (SHSE:600823) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shanghai Shimao Co Ltd (SHSE:600823) » Definitions » GF Value Rank

Traded in Other Exchanges

N/A

Address

No.268, Nanjing West Road, Huangpu District, Shanghai, CHN, 200120

Website

http://www.shimaoco.com

Shanghai Shimao Co Ltd is engaged in the development, operation, and leasing of commercial properties in China. It focuses on the development of residential, hotel, office and commercial properties.

Executives

Zhang Jie	senior management
Dong Jing	Supervisors
Meng Jie	senior management
Li Jun Jie	senior management

Shanghai Shimao Co (SHSE:600823) Headlines

No Headlines