Beijing Jingcheng Machinery Electric Co (SHSE:600860) GF Value Rank : 9 (As of Jun. 23, 2024)

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What is Beijing Jingcheng Machinery Electric Co GF Value Rank?

Beijing Jingcheng Machinery Electric Co has the GF Value Rank of 9.

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 Beijing Jingcheng Machinery Electric Co's GF Value Rank

For the Specialty Industrial Machinery subindustry, Beijing Jingcheng Machinery Electric 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.

Beijing Jingcheng Machinery Electric Co's GF Value Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Beijing Jingcheng Machinery Electric Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Beijing Jingcheng Machinery Electric Co's GF Value Rank falls into.

Beijing Jingcheng Machinery Electric Co GF Value Rank Related Terms

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Beijing Jingcheng Machinery Electric Co (SHSE:600860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing Jingcheng Machinery Electric Co Ltd (SHSE:600860) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

00187:Hong Kong

Address

No. 2 Huo Xian Nan San Road, Huo Xian Town, Tongzhou District, Beijing, CHN, 101109

Website

https://www.jingchenggf.com.cn

Beijing Jingcheng Machinery Electric Co Ltd is a manufacturer of gas storage and transportation equipment. It offers various services including the development, design, installation, and maintenance of cryogenic containers, compressors; machinery equipment, and electrical equipment. The company's products include seamless cylinders, wrapped composite cylinders, portable oxygen supply units for medical purposes, LNG fuel tanks, cryogenic gas cylinders, bottle and cylinder gasifiers, refueling stations, and systematic solutions among others. It has a sales network in the United States, Singapore, Korea, India, Australia, and other countries.

Executives

Tian Fu Ren	Supervisors
Xue Ke Xin	Supervisors

Beijing Jingcheng Machinery Electric Co (SHSE:600860) Headlines

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