Headwater Exploration (Headwater Exploration) GF Value Rank : 9 (As of Apr. 29, 2024)

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

What is Headwater Exploration GF Value Rank?

Headwater Exploration has the GF Value Rank of 9.

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 Headwater Exploration's GF Value Rank

For the Oil & Gas E&P subindustry, Headwater Exploration'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.

Headwater Exploration's GF Value Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Headwater Exploration's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Headwater Exploration's GF Value Rank falls into.

Headwater Exploration GF Value Rank Related Terms

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

Headwater Exploration (Headwater Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Headwater Exploration Inc (OTCPK:CDDRF) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

C6V:Germany HWX:Canada

Address

500 - 4th Avenue S.W, Suite 1200, Calgary, AB, CAN, T2P 2V6

Website

https://www.headwaterexp.com

Headwater Exploration Inc is an oil and gas exploration and development company. It is engaged in the exploration, development, and production of petroleum and natural gas onshore in McCully Field, New Brunswick and Marten Hills, Alberta. The firm generates substantial revenue from the sale of commodities which include crude oil, natural gas and natural gas liquids.

Headwater Exploration (Headwater Exploration) Headlines

From GuruFocus

Corridor Announces 2018 Year End Results and Reserves

By GlobeNewswire GlobeNewswire • 03-27-2019

Corridor Announces Second Quarter Results

By GlobeNewswire GlobeNewswire • 08-13-2019

Corridor Comments on Recent Developments in New Brunswick

By GlobeNewswire GlobeNewswire • 06-06-2019