Tycoons Worldwide Group (Thailand) PCL (BKK:TYCN) GF Value Rank : 1 (As of May. 16, 2024)

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What is Tycoons Worldwide Group (Thailand) PCL GF Value Rank?

Tycoons Worldwide Group (Thailand) PCL has the GF Value Rank of 1.

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 Tycoons Worldwide Group (Thailand) PCL's GF Value Rank

For the Steel subindustry, Tycoons Worldwide Group (Thailand) PCL'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.

Tycoons Worldwide Group (Thailand) PCL's GF Value Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tycoons Worldwide Group (Thailand) PCL's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Tycoons Worldwide Group (Thailand) PCL's GF Value Rank falls into.

Tycoons Worldwide Group (Thailand) PCL GF Value Rank Related Terms

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Tycoons Worldwide Group (Thailand) PCL (BKK:TYCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tycoons Worldwide Group (Thailand) PCL (BKK:TYCN) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

911622:Taiwan

Address

99 Moo 1, Tambol Nikompattana, Amphur Nikompattana, Rayong, THA, 21180

Website

https://www.tycons.com

Tycoons Worldwide Group (Thailand) PCL is mainly engaged in the manufacture and distribution of steel wire rods, steel annealing wire, deformed bars, steel screws, and wire products. The company manufactures steel wire rods and reinforced concrete bars, Manufactures steel annealing wire, Manufacture screws and bolts, and Trading segments. It derives the majority of its revenues from the Manufacture of steel wire rods segment. The firm mainly operates in Thailand.

Tycoons Worldwide Group (Thailand) PCL (BKK:TYCN) Headlines

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