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HangZhou Nbond Nonwovens Co (SHSE:603238) GF Value Rank : 10 (As of Jun. 21, 2024)


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What is HangZhou Nbond Nonwovens Co GF Value Rank?

HangZhou Nbond Nonwovens Co has the GF Value Rank of 10.

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 HangZhou Nbond Nonwovens Co's GF Value Rank

For the Textile Manufacturing subindustry, HangZhou Nbond Nonwovens 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.


HangZhou Nbond Nonwovens Co's GF Value Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, HangZhou Nbond Nonwovens Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where HangZhou Nbond Nonwovens Co's GF Value Rank falls into.



HangZhou Nbond Nonwovens Co GF Value Rank Related Terms

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HangZhou Nbond Nonwovens Co (SHSE:603238) Business Description

Traded in Other Exchanges
N/A
Address
No. 16 Hongda Road, Yuhang Economic and Technological Development Zone, Zhejiang Province, Hangzhou, CHN, 311102
HangZhou Nbond Nonwovens Co Ltd is a China based company engages in the production and sale of non-woven fabrics. Its nonwovens products cover various series and specifications, including beauty care materials, industrial materials, household wiping materials, medical materials, and various series of products for other fields and purposes.
Executives
Chen Wei Guo senior management
Zhang Jie Directors, senior managers
Lu Nian Fen senior management
Gong Jin Rui Directors, senior managers
Ren Jian Yong Directors, senior managers
Zhong Wei Cheng senior management
Zhang Guo Fu Supervisors
Ren Fu Jia Director
Wang Gang Director
Zhang Yong Tao Supervisors

HangZhou Nbond Nonwovens Co (SHSE:603238) Headlines

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