Pacific Millennium Packaging Group (HKSE:01820) GF Value Rank : 3 (As of May. 03, 2024)

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What is Pacific Millennium Packaging Group GF Value Rank?

Pacific Millennium Packaging Group 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 Pacific Millennium Packaging Group's GF Value Rank

For the Packaging & Containers subindustry, Pacific Millennium Packaging Group'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.

Pacific Millennium Packaging Group's GF Value Rank Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Pacific Millennium Packaging Group's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Pacific Millennium Packaging Group's GF Value Rank falls into.

Pacific Millennium Packaging Group GF Value Rank Related Terms

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Pacific Millennium Packaging Group (HKSE:01820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pacific Millennium Packaging Group Corp (HKSE:01820) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 398, Tian Lin Road, A303, 3rd Floor, Block 2, Shanghai, CHN, 200233

Website

http://www.pmpgc.com

Pacific Millennium Packaging Group Corp is an investment holding company engaged in the manufacture and sale of packaging materials. Its product offering includes; Corrugated packaging products like corrugated boxes, pallets, display stands, heavy-duty packaging, specialized packaging products; and Corrugated sheet boards. It caters to different industries such as Food and beverage, Paper and packaging, Non-food-and-beverage-consumables, Supplier chain solutions, E-commerce, Home electronics, and Others include home furniture, computer, and electronic device such as mobile phones, cameras, textiles, machinery, medical products, etc. The company generates the majority of its revenue from China.

Pacific Millennium Packaging Group (HKSE:01820) Headlines

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