Mega Uranium (TSX:MGA) GF Value Rank : 0 (As of Dec. 13, 2024)

View and export this data going back to 2006. Start your Free Trial

What is Mega Uranium GF Value Rank?

Mega Uranium has the GF Value Rank of 0.

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.

Mega Uranium GF Value Rank Related Terms

Thank you for viewing the detailed overview of Mega Uranium's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Mega Uranium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Mega Uranium Ltd (TSX:MGA) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

MGAFF:USA M6J:Germany

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.megauranium.com

Mega Uranium Ltd is a Canada-based exploration stage mineral resources company. The company is engaged in the acquisition and exploration of uranium prospective properties. Its properties include Ben Lomond, Georgetown, and Kintyre in Australia. Geographically, it operates in Canada and Australia.

Executives

Brigitte Linda Marie Berneche	Director
Christine Barwell	Senior Officer
Timothy George Johnston	Director
Ajay Kochhar	Director, Senior Officer
Deborah Keenan Simpson	Senior Officer
Larry Goldberg	Director
Arni Thomas Johannson	Director
Carmelo Marrelli	Senior Officer
Douglas Reeson	Director
Richard J Patricio	Senior Officer