Forest Water Environmental Eng'g Co (TPE:8473) GF Value Rank : 3 (As of Sep. 27, 2024)

View and export this data going back to 2015. Start your Free Trial

What is Forest Water Environmental Eng'g Co GF Value Rank?

Forest Water Environmental Eng'g Co has the GF Value Rank of 3.

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 Forest Water Environmental Eng'g Co's GF Value Rank

For the Waste Management subindustry, Forest Water Environmental Eng'g 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.

Forest Water Environmental Eng'g Co's GF Value Rank Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Forest Water Environmental Eng'g Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Forest Water Environmental Eng'g Co's GF Value Rank falls into.

Forest Water Environmental Eng'g Co GF Value Rank Related Terms

Thank you for viewing the detailed overview of Forest Water Environmental Eng'g Co's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Forest Water Environmental Eng'g Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Forest Water Environmental Eng'g Co Ltd (TPE:8473) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 99 Jilin Road, 3rd Floor, Zhongshan District, Taipei, TWN

Website

https://www.mfw.com.tw

Forest Water Environmental Eng'g Co Ltd is engaged includes engineering projects for environmental protection, sewage treatment, waste treatment and recycling, and the recycling and decomposition of compostable food waste. It also provides the construction of a water purification plant, the construction of a sewage treatment plant in the scientific industrial park, and the construction of a sewage treatment plant.

Forest Water Environmental Eng'g Co Headlines

No Headlines