Market Cap : 1.37 B | Enterprise Value : 1.95 B | PE Ratio : 71.35 | PB Ratio : 1.68 |
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Steelcase 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 Business Equipment & Supplies subindustry, Steelcase'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 Industrial Products industry and Industrials sector, Steelcase's GF Value Rank distribution charts can be found below:
* The bar in red indicates where Steelcase's GF Value Rank falls into.
Thank you for viewing the detailed overview of Steelcase's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.
Miller Steven Douglas | officer: VP, Chief Technology Officer | 901 44TH STREET SE GRAND RAPIDS MI 49508 |
Zondervan Robin L | officer: Corporate Controller and CAO | 901 44TH STREET SE GRAND RAPIDS MI 49508 |
Williams Linda K | director | 901 44TH STREET SE GRAND RAPIDS MI 49508 |
Flynn Donna K | officer: VP, Global Talent Management | 901 44TH STREET SE GRAND RAPIDS MI 49508 |
Schmelter Triona | director | 2021 SPRING ROAD SUITE 600 OAK BROOK IL 60523 |
Niemann Jennifer C | director | 901 44TH STREET SE GRAND RAPIDS MI 49508 |
Kelsey Todd P. | director | 55 JEWELERS PARK DRIVE NEENAH WI 54956 |
Brown Timothy C. E. | director | 901 44TH STREET SE GRAND RAPIDS MI 49508 |
Krestakos Robert G | officer: VP, Global Operations | 901 44TH STREET SE GRAND RAPIDS MI 49508 |
Lenhardt Terrence J | officer: VP, Chief Information Officer | 901 44TH STREET SE GRAND RAPIDS MI 49508 |
Moutrey Gale | officer: VP, Communications | 901 44TH STREET SE GRAND RAPIDS MI 49508 |
Khorramian Hamid | officer: Senior VP, Global Operations | 901 - 44TH STREET, SE GRAND RAPIDS MI 49508 |
Schmitt Eddy F | officer: Senior VP, Americas | 901 44TH STREET SE GRAND RAPIDS MI 49508 |
Alvarez Guillaume M | officer: Senior VP, EMEA | 901 44TH STREET SE GRAND RAPIDS MI 49508 |
Ludwig James N | officer: VP, Global Design & Prod Eng | 901 44TH STREET SE GRAND RAPIDS MI 49508 |
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