Market Cap : 290.71 B | Enterprise Value : 418.59 B | PE Ratio : 11.32 | PB Ratio : 1.21 |
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Bank of America has the GF Value Rank of 7.
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.
For the Banks - Diversified subindustry, Bank of America'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.
For the Banks industry and Financial Services sector, Bank of America's GF Value Rank distribution charts can be found below:
* The bar in red indicates where Bank of America's GF Value Rank falls into.
Thank you for viewing the detailed overview of Bank of America's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.
Thompson Bruce R. | officer: Vice Chair, Head Ent Credit | 100 NORTH TRYON STREET CHARLOTTE NC 28255 |
Borthwick Alastair M | officer: Pres, Global Com Banking | 100 NORTH TRYON STREET CHARLOTTE NC 28255 |
Bhasin Aditya | officer: Chief Tech & Info Officer | 100 NORTH TRYON STREET CHARLOTTE NC 28255 |
Mogensen Lauren A | officer: Global Compl & Op Risk Exec | 100 NORTH TRYON STREET CHARLOTTE NC 28255 |
Koder Matthew M | officer: Pres, Gl Corp & Invest Banking | 100 NORTH TRYON STREET CHARLOTTE NC 28255 |
Scrivener Thomas M | officer: Chief Operations Executive | 100 NORTH TRYON STREET CHARLOTTE NC 28255 |
Mensah Bernard A | officer: President, International | 100 NORTH TRYON STREET CHARLOTTE NC 28255 |
Demare James P | officer: President, Global Markets | 100 NORTH TRYON STREET CHARLOTTE NC 28255 |
Boland Darrin Steve | officer: Chief Administrative Officer | 100 NORTH TRYON STREET CHARLOTTE NC 28255 |
Buffett Warren E | 10 percent owner | 3555 FARNAM ST STE 1440 OMAHA NE 68131 |
Berkshire Hathaway Inc | 10 percent owner | 3555 FARNAM STREET OMAHA NE 68131 |
Ramos Denise L | director | 870 WINTER STREET WALTHAM MA 02451 |
Bronstein Sheri B. | officer: Chief Human Resources Officer | 100 N TRYON STREET CHARLOTTE NC 28255 |
Knox Kathleen A. | officer: President, U.S. Trust | 100 N TRYON STREET CHARLOTTE NC 28255 |
Sieg Andrew M. | officer: Pres, Merill Lynch Wlth Mgmt | 100 N TRYON STREET CHARLOTTE NC 28255 |
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