Cayman Engley Industrial Co (TPE:2239) GF Value Rank : 2 (As of Jun. 22, 2024)

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What is Cayman Engley Industrial Co GF Value Rank?

Cayman Engley Industrial Co has the GF Value Rank of 2.

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 Cayman Engley Industrial Co's GF Value Rank

For the Auto Parts subindustry, Cayman Engley Industrial 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.

Cayman Engley Industrial Co's GF Value Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cayman Engley Industrial Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Cayman Engley Industrial Co's GF Value Rank falls into.

Cayman Engley Industrial Co GF Value Rank Related Terms

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Cayman Engley Industrial Co (TPE:2239) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cayman Engley Industrial Co Ltd (TPE:2239) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhuoyue Street, High-tech Zone, No. 2379, Changchun City, TWN, 130000

Website

http://www.engley.com

Cayman Engley Industrial Co Ltd operates in the automobile part industry. The Company operates the manufacture and sale of automobile parts and related products of molds. Its main products are long and short glass-fiber reinforcement plastic parts, metal stamping parts, rolling parts, and cockpit carrier welding parts. The firm derived revenue by producing and selling auto parts, stamping products, hot pressing molding products, and so on. It earns maximum revenues from China.

Cayman Engley Industrial Co (TPE:2239) Headlines

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