PGIM Global High Yield Fund, (PGIM Global High Yield Fund,) GF Value Rank : 2 (As of May. 16, 2024)

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What is PGIM Global High Yield Fund, GF Value Rank?

PGIM Global High Yield Fund, has the GF Value Rank of 2.

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 PGIM Global High Yield Fund,'s GF Value Rank

For the Asset Management subindustry, PGIM Global High Yield Fund,'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.

PGIM Global High Yield Fund,'s GF Value Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, PGIM Global High Yield Fund,'s GF Value Rank distribution charts can be found below:

* The bar in red indicates where PGIM Global High Yield Fund,'s GF Value Rank falls into.

PGIM Global High Yield Fund, GF Value Rank Related Terms

Thank you for viewing the detailed overview of PGIM Global High Yield Fund,'s GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

PGIM Global High Yield Fund, (PGIM Global High Yield Fund,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PGIM Global High Yield Fund, Inc (NYSE:GHY) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

655 Broad Street, 6th Floor, Newark, NJ, USA, 07102

Website

https://www.pgim.com

PGIM Global High Yield Fund, Inc is a diversified, closed-end management investment company. The fund's investment objective is to provide a high level of current income. The fund seeks to provide a high level of current income by investing in higher-rated, below-investment-grade fixed income instruments of issuers located around the world, including emerging markets.

Executives

Robert Cignarella	other: Portfolio Manager	100 MULBERRY STREET, NEWARK NJ 07102
Barry H Evans	director	C/O PGIM INVESTMENTS, 655 BROAD STREET, NEWARK NJ 07102
Andrew Donohue	officer: Chief Compliance Officer	655 BROAD STREET, NEWARK NJ 07102
Brian J Lalli	other: Portfolio Manager	655 BROAD STREET, NEWARK NJ 07102
Robert Mccormack	officer: Assistant Treasurer	655 BROAD ST., NEWARK NJ 07102
Michael Lillard	other: Portfolio Manager	655 BROAD STREET, NEWARK NJ 07102
Isabelle Sajous	officer: Chief Compliance Officer	655 BROAD ST., NEWARK NJ 07102
Michael Joseph Gormally	other: Portfolio Manager	655 BROAD STREET, NEWARK NJ 07102
Gregory J Peters	other: Co-Chief Investment Officer	655 BROAD STREET, NEWARK NJ 07102
Craig C Dewling	other: Co-Chief Investment Officer	655 BROAD STREET, NEWARK NJ 07102
Brian Reid	director	C/O PGIM INVESTMENTS LLC, 655 BROAD STREET, NEWARK NJ 07102
Debra Rubano	officer: Assistant Secretary	655 BROAD STREET, PRUDENTIAL TOWER SOUTH, NEWARK NJ 07102
Patrick Mcguinness	officer: Assistant Secretary	655 BROAD STREET, PRUDENTIAL TOWER SOUTH, 17TH FLOOR, NEWARK NJ 07102
Melissa Gonzalez	officer: Assistant Secretary	655 BROAD STREET, NEWARK NJ 07102
Russ Shupak	officer: Assistant Treasurer	655 BROAD STREET, NEWARK NJ 07102

PGIM Global High Yield Fund, (PGIM Global High Yield Fund,) Headlines

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