U-Ming Marine Transport (TPE:2606) GF Value Rank : 8 (As of May. 17, 2024)

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What is U-Ming Marine Transport GF Value Rank?

U-Ming Marine Transport has the GF Value Rank of 8.

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 U-Ming Marine Transport's GF Value Rank

For the Marine Shipping subindustry, U-Ming Marine Transport'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.

U-Ming Marine Transport's GF Value Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, U-Ming Marine Transport's GF Value Rank distribution charts can be found below:

* The bar in red indicates where U-Ming Marine Transport's GF Value Rank falls into.

U-Ming Marine Transport GF Value Rank Related Terms

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U-Ming Marine Transport (TPE:2606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » U-Ming Marine Transport Corp (TPE:2606) » Definitions » GF Value Rank

Traded in Other Exchanges

N/A

Address

No. 207, Section 2, Tun Hwa South Road, 29th Floor, Taipei, TWN, 106

Website

http://www.uming.com.tw

U-Ming Marine Transport Corp is a transportation and logistics company, domiciled in Taiwan. The company organizes itself into two segments: marine transportation and investment. The marine transportation segment, which contributes the vast majority of revenue, owns and operates a fleet of vessels to transport dry bulk cargo, including cement, oil, coal, iron ore, steel, grain, and other commodities.

U-Ming Marine Transport (TPE:2606) Headlines

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