Industrial Bank of Korea (XKRX:024110) GF Value Rank : 3 (As of Jun. 07, 2024)

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What is Industrial Bank of Korea GF Value Rank?

Industrial Bank of Korea has the GF Value Rank of 3.

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 Industrial Bank of Korea's GF Value Rank

For the Banks - Regional subindustry, Industrial Bank of Korea'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.

Industrial Bank of Korea's GF Value Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Industrial Bank of Korea's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Industrial Bank of Korea's GF Value Rank falls into.

Industrial Bank of Korea GF Value Rank Related Terms

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

Industrial Bank of Korea (XKRX:024110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Industrial Bank of Korea (XKRX:024110) » Definitions » GF Value Rank

Traded in Other Exchanges

N/A

Address

50 Euljiro 2-Ga, Joong-Gu, Seoul, KOR, 100-758

Website

https://www.ibk.co.kr

Industrial Bank of Korea is a financial institution domiciled in Korea. The company principally earns revenue from interest income. The bank organises itself into seven segments: retail, corporate, money market, investment banking, credit card, foreign exchange, and others. Corporate banking operations represent more than half consolidated revenue, with retail banking operations the next most significant segment. The vast majority of revenue is derived domestically. The Republic of Korea is a majority shareholder in Industrial Bank of Korea.

Industrial Bank of Korea (XKRX:024110) Headlines

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