People's Insurance (COL:PINS.N0000) GF Value Rank : 9 (As of Apr. 28, 2024)

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What is People's Insurance GF Value Rank?

People's Insurance 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 People's Insurance's GF Value Rank

For the Insurance - Property & Casualty subindustry, People's Insurance'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.

People's Insurance's GF Value Rank Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, People's Insurance's GF Value Rank distribution charts can be found below:

* The bar in red indicates where People's Insurance's GF Value Rank falls into.

People's Insurance GF Value Rank Related Terms

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

People's Insurance (COL:PINS.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » People's Insurance PLC (COL:PINS.N0000) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 07, Havelock Road, Colombo, LKA, 05

Website

https://www.peoplesinsurance.lk

People's Insurance PLC operates as a non-life insurance provider. The principal activity of the Company is carrying out non-life (general) insurance business for both individual and corporate customers. It operates through Motor, Marine, Fire, and Miscellaneous insurance segments. Motor insurance generates most of the revenue for a firm which consists of cover for motor vehicles against loss or damage caused by accidents, fire and theft and legal liability to third parties in the event of bodily injuries or property damage.

People's Insurance (COL:PINS.N0000) Headlines

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