Group Eleven Resources (TSXV:ZNG) GF Value Rank : 0 (As of Dec. 11, 2024)

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What is Group Eleven Resources GF Value Rank?

Group Eleven 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.

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Group Eleven Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Group Eleven Resources Corp (TSXV:ZNG) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

GRLVF:USA 3GE:Germany

Address

885 West Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8

Website

https://www.groupelevenresources.com

Group Eleven Resources Corp is a Canada-based mining company. Principally, it is engaged in the business of exploration of mineral properties. The company's project consists of Ballinalack, PG West, Stonepark, and Silvermines among others.

Executives

David Andrew Furlong	Senior Officer
Brendan Thomas Cahill	Director
Michael Gentile	10% Security Holder
Mag Silver Corp.	10% Security Holder
Shaun Perin Heinrichs	Senior Officer
Bart Jaworski	Director

Group Eleven Resources Headlines

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