Canstar Resources (TSXV:ROX) GF Value Rank : 0 (As of Dec. 15, 2024)

View and export this data going back to 2000. Start your Free Trial

What is Canstar Resources GF Value Rank?

Canstar Resources 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.

Canstar Resources GF Value Rank Related Terms

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

Canstar Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canstar Resources Inc (TSXV:ROX) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

CSRNF:USA

Address

220 Bay Street, Suite 550, Toronto, ON, CAN, M5J 2W4

Website

https://www.canstarresources.com

Canstar Resources Inc is focused on creating shareholder value through the discovery and development of economic mineral deposits in Newfoundland and Labrador, Canada. The company has interest in the Golden Baie Project in south-central Newfoundland and Buchans-Mary March project and other mineral exploration properties in Newfoundland.

Executives

John Paul Austin	Director
Juan Carlos Giron Jr	Senior Officer
Robert John Bruggeman	Director
Sam Yee Cheng Leung	Director
Christian Peter Kargl-simard	10% Security Holder
Christos Doulis	Senior Officer