Zhejiang Double Arrow Rubber Co (SZSE:002381) GF Value Rank : 7 (As of Jun. 08, 2024)

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What is Zhejiang Double Arrow Rubber Co GF Value Rank?

Zhejiang Double Arrow Rubber 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 Zhejiang Double Arrow Rubber Co's GF Value Rank

For the Auto Parts subindustry, Zhejiang Double Arrow Rubber 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.

Zhejiang Double Arrow Rubber Co's GF Value Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang Double Arrow Rubber Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Zhejiang Double Arrow Rubber Co's GF Value Rank falls into.

Zhejiang Double Arrow Rubber Co GF Value Rank Related Terms

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Zhejiang Double Arrow Rubber Co (SZSE:002381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Double Arrow Rubber Co Ltd (SZSE:002381) » Definitions » GF Value Rank

Traded in Other Exchanges

N/A

Address

Zhou Quan town Industrial Zone, Tongxiang, Zhejiang, CHN, 314513

Website

http://www.doublearrow.net

Zhejiang Double Arrow Rubber Co Ltd is engaged as manufacturer of conveyor belts. The types of conveyor belts manufactured by company are acid and alkali resistant, high temperature resistant, flame retardant, oil resistant, heat resistant, tear resistant, puncture resistant, cold resistant, energy saving, and aramid.

Executives

Shen Kai Fei	Directors, executives
Shen Geng Liang	Director
Lang Hong Feng	Executives
Yan Hong Bin	Supervisors
Shen Hui Min	Directors, executives
Yu Ming Song	Director
Shen Lin Quan	Director
Lu Xin Hui	Supervisors
Shen Hong Fa	Directors, executives
Yu Bing Ren	Supervisors
Shen Hong Ming	Supervisors
Chen Bai Song	Directors, executives
Wu Jian Qin	Directors, executives
Yu Bing Ying	Executives
Xu Zhong Wei	Securities Affairs Representative

Zhejiang Double Arrow Rubber Co (SZSE:002381) Headlines

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