Taihei Dengyo Kaisha (TSE:1968) GF Value Rank : 3 (As of Dec. 15, 2024)

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What is Taihei Dengyo Kaisha GF Value Rank?

Taihei Dengyo Kaisha 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 Taihei Dengyo Kaisha's GF Value Rank

For the Infrastructure Operations subindustry, Taihei Dengyo Kaisha'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.

Taihei Dengyo Kaisha's GF Value Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Taihei Dengyo Kaisha's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Taihei Dengyo Kaisha's GF Value Rank falls into.

Taihei Dengyo Kaisha GF Value Rank Related Terms

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Taihei Dengyo Kaisha Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Taihei Dengyo Kaisha Ltd (TSE:1968) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

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Address

2-4, Kanda, Jimbo-cho, Chiyoda-ku, Tokyo, JPN, 101-8416

Website

http://www.taihei-dengyo.co.jp

Taihei Dengyo Kaisha Ltd is a Japan-based company mainly engaged in the construction business. It is involved in the construction and maintenance of thermal, nuclear, gas-turbine, and diesel engine power plants, steel mill, petrochemical, sugar refining, cement and other industrial plants as well as dioxin and sludge treatment. Additionally, the company also design, manufacture, install and maintain the various electrical system, sub-station, control system, optical fiber communication system, air conditioning and utility sanitary system. Further, it also creates, procures and fabricates machined products such as tanks, piping, electrical and control panels.

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