Pax Global Technology (HKSE:00327) GF Value Rank : 5 (As of May. 05, 2024)

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What is Pax Global Technology GF Value Rank?

Pax Global Technology has the GF Value Rank of 5.

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 Pax Global Technology's GF Value Rank

For the Business Equipment & Supplies subindustry, Pax Global Technology'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.

Pax Global Technology's GF Value Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pax Global Technology's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Pax Global Technology's GF Value Rank falls into.

Pax Global Technology GF Value Rank Related Terms

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Pax Global Technology (HKSE:00327) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pax Global Technology Ltd (HKSE:00327) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

PXGYF:USA P8X:Germany

Address

30 Harbour Road, 25th Floor, Room 2504, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

https://www.paxglobal.com.hk

Pax Global Technology Ltd sells a variety of electronic payment devices. The company's products can be organized into three categories based on product type. The E-payment terminals, which generate the majority of revenue, are wireless handheld devices that enable users to pay through the swipe through or insert of a credit or debit card. The E-payment terminals are used by restaurants and retailers. The consumer activated devices are used to support a variety of connection options for the E-payment terminals. Contactless devices enable users to pay without having to swipe or insert a card.

Pax Global Technology (HKSE:00327) Headlines

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