Steppe Gold (Steppe Gold) GF Value Rank : 0 (As of Jun. 07, 2024)

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What is Steppe Gold GF Value Rank?

Steppe Gold has the GF Value Rank of 0.

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.

Steppe Gold GF Value Rank Related Terms

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Steppe Gold (Steppe Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Steppe Gold Ltd (OTCPK:STPGF) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

2J9:Germany STGO:Canada

Address

Shangri-La office, Olympic street 19A, Suite 1201, Sukhbaatar District 1, Ulaanbaatar, MNG, 14241

Website

https://www.steppegold.com

Steppe Gold Ltd is a precious metals exploration and development company focused on opportunities in Mongolia. The company's commercially producing mine is the Altan Tsagaan Ovoo Property (the "ATO Project" or "ATO Mine"), located in Eastern Mongolia. The Company generates revenue from the sale of gold and silver , also majority of the company's revenue is derived from the sale of gold in Mongolia at spot rate.

Steppe Gold (Steppe Gold) Headlines

From GuruFocus

Director Lewis Marks Refuses to Comply With Steppe's Majority Voting Policy

By GlobeNewswire GlobeNewswire • 07-08-2019

Steppe Gold Announces Change of Auditor

By GlobeNewswire GlobeNewswire • 10-30-2021

Steppe Gold Files Technical Report for ATO Gold Project

By GlobeNewswire GlobeNewswire • 11-30-2021

Steppe Gold Announces Director Resignation

By GlobeNewswire GlobeNewswire • 08-20-2019

Steppe Gold Files Amended and Restated Technical Report for the Altan Tsagaan Ovoo Project

By GlobeNewswire GlobeNewswire • 06-10-2021

Steppe Gold President and CEO Announces Filing of Early Warning Report

By GlobeNewswire GlobeNewswire • 02-16-2022

Completion of the Feasibility Study for the ATO Gold Project Successfully Demonstrates a Robust, Long Life Operation

By GlobeNewswire GlobeNewswire • 10-27-2021