Sinosteel Engineering & Technology Co (SZSE:000928) GF Value Rank : 4 (As of Jun. 22, 2024)

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What is Sinosteel Engineering & Technology Co GF Value Rank?

Sinosteel Engineering & Technology Co has the GF Value Rank of 4.

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 Sinosteel Engineering & Technology Co's GF Value Rank

For the Engineering & Construction subindustry, Sinosteel Engineering & Technology 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.

Sinosteel Engineering & Technology Co's GF Value Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Sinosteel Engineering & Technology Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Sinosteel Engineering & Technology Co's GF Value Rank falls into.

Sinosteel Engineering & Technology Co GF Value Rank Related Terms

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Sinosteel Engineering & Technology Co (SZSE:000928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sinosteel Engineering & Technology Co Ltd (SZSE:000928) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 8 Haidian Street, Beijing, CHN, 100080

Website

http://www.mecc.sinosteel.com

Sinosteel Engineering & Technology Co Ltd is a China-based company engaged in focusing on industrial engineering and service, municipal engineering and investment, energy saving and environment protection, as well as high-tech businesses.

Executives

Tang Fa Qi	Executives
Zhou Jian Hong	Executives
Ji Ai Dong	Independent director
Tian Hui	Independent director
Zhang Jian Hua	Executives
Xin Fang	Securities Affairs Representative
Du Jie	Director

Sinosteel Engineering & Technology Co (SZSE:000928) Headlines

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