Hefei Jianghang Aircraft Equipment Co (SHSE:688586) GF Value Rank : 7 (As of Sep. 22, 2024)

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What is Hefei Jianghang Aircraft Equipment Co GF Value Rank?

Hefei Jianghang Aircraft Equipment Co has the GF Value Rank of 7.

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 Hefei Jianghang Aircraft Equipment Co's GF Value Rank

For the Aerospace & Defense subindustry, Hefei Jianghang Aircraft Equipment 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.

Hefei Jianghang Aircraft Equipment Co's GF Value Rank Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Hefei Jianghang Aircraft Equipment Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Hefei Jianghang Aircraft Equipment Co's GF Value Rank falls into.

Hefei Jianghang Aircraft Equipment Co GF Value Rank Related Terms

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Hefei Jianghang Aircraft Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Hefei Jianghang Aircraft Equipment Co Ltd (SHSE:688586) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 35, Yan'an Road, Baohe Industrial Zone, Anhui Province, Hefei, CHN, 230051

Website

http://www.jianghang.com

Hefei Jianghang Aircraft Equipment Co Ltd is engaged in production of aviation equipments and special refrigeration. The company produces aviation oxygen system, air service oxygen system, aircraft cabin equipment facilities, emergency oxygen supply device, engine oxygen supplement system, inert protection system, aviation fuel tank system, landing gear, aerospace environmental control life support equipment, aerospace individual protective device, ground oxygen protection device, plug-in pod, aviation ground equipment, non-standard testing equipment, non-standard training equipment, oxygen generator, sensitive element, sensor, refrigeration equipment, civil oxygen generator, medical oxygen generator, air purifier, and water purification.

Executives

Li Chun Mu	Core technical personnel
Liu Wen Biao	Senior management, core technical personnel
Wang Yong Qian	senior management
Fang Ling	Core technical personnel
Wei Wei Dong	Core technical personnel
Deng Zhang Quan	Directors, senior managers

Hefei Jianghang Aircraft Equipment Co Headlines

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