Elegant Home-tech Co (SHSE:603221) GF Value Rank : 9 (As of May. 26, 2024)

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What is Elegant Home-tech Co GF Value Rank?

Elegant Home-tech 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 Elegant Home-tech Co's GF Value Rank

For the Furnishings, Fixtures & Appliances subindustry, Elegant Home-tech 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.

Elegant Home-tech Co's GF Value Rank Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Elegant Home-tech Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Elegant Home-tech Co's GF Value Rank falls into.

Elegant Home-tech Co GF Value Rank Related Terms

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Elegant Home-tech Co (SHSE:603221) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Elegant Home-tech Co Ltd (SHSE:603221) » Definitions » GF Value Rank

Traded in Other Exchanges

N/A

Address

Hexing Street,Jinfeng Town, Jiangsu, Zhangjiagang, CHN, 215616

Website

http://www.eletile.com

Elegant Home-tech Co Ltd formerly known as Zhangjiagang Elegant Home-Tech Co Ltd is a manufacturer of Vinyl Floor Tiles in China. The company has both residential and commercial collections with more than 1,000 patterns for customer characterized by the look and feel of natural wood, stone, ceramic & carpet. Its products range includes Vinyl planks in wooden designs, Vinyl planks In-registered, Vinyl tiles in stone, marble, granite designs, Vinyl tiles in Carpet design, and Anti slip & Solid color Vinyl tiles.

Executives

Yang Wen Hai

Supervisors

Elegant Home-tech Co (SHSE:603221) Headlines

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