Hagerty (Hagerty) GF Value Rank : 0 (As of May. 28, 2024)

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What is Hagerty GF Value Rank?

Hagerty has the GF Value Rank of 0.

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.

Hagerty GF Value Rank Related Terms

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Hagerty (Hagerty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hagerty Inc (NYSE:HGTY) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

121 Drivers Edge, Traverse, MI, USA, 49684

Website

https://www.hagerty.com

Hagerty Inc is a provider of specialty automotive insurance. It offers insurance for cars, boats, trucks, motorcycles, tractors, motorsports and others. Substantial revenue is derived from Commission and fees. Geographically it serves Europe, Canada and the United States.

Executives

Laurie Harris	director	C/O SYNCHRONOSS TECHNOLOGIES INC., 200 CROSSING BOULEVARD, BRIDGEWATER TOWNSHIP NJ 08807
Patrick Mcclymont	officer: Chief Financial Officer	902 BROADWAY, 20TH FLOOR, IMAX CORPORATION, NEW YORK NY 10010-6002
Kenneth Ahn	officer: President, Hagerty Marketplace	C/O BRIMSTONE ACQUISITION HOLDINGS CORP., 500 SOUTH POINTE DRIVE, SUITE 240, MIAMI BEACH FL 33139
William H Swanson	director	870 WINTER STREET, WALTHAM MA 02451
Kelly Edward Smith	officer: Chief Strategy Officer	2310 W. THREE LAKES DR., MERIDIAN ID 83646
John Carlisle Butcher	officer: President	18 THOMASINA LN., DARIEN CT 06820
Hagerty Holding Corp.	10 percent owner	121 DRIVERS EDGE, TRAVERSE CITY MI 49684
Mika Salmi	director	GSTEIGSTRASSE 17, ERLENBACH V8 8703
Mckeel Hagerty	director, officer: Chief Executive Officer	175 WILSON RD., TRAVERSE CITY MI 49686
Frederick Turcotte	officer: Chief Financial Officer	579 HIDDEN RIDGE DR., TRAVERSE CITY MI 49686
Champagne Collette	officer: Chief Operating Officer	510 SIXTH ST., TRAVERSE CITY MI 49684
Barbara E Matthews	officer: SVP, Gen. Counsel & Corp Secr.	323 GREEN ACRES LN., ELK RAPIDS MI 49629
Paul Rehrig	officer: Pres. of Hagerty Media & Entmt	13821 W. 87TH DR., ARVADA CO 80005
Michael L. Tipsord	director	STATE FARM INSURANCE COMPANYS, 1 STATE FARM PLAZA, BLOOMINGTON IL 61710
Sabrina Kay	director	30930 RUSSELL RANCH ROAD, SUITE 300, WESTLAKE VILLAGE CA 91362