NorthIsle Copper and Gold (NorthIsle Copper and Gold) GF Value Rank : 0 (As of Jun. 02, 2024)

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What is NorthIsle Copper and Gold GF Value Rank?

NorthIsle Copper and Gold 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.

NorthIsle Copper and Gold GF Value Rank Related Terms

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NorthIsle Copper and Gold (NorthIsle Copper and Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NorthIsle Copper and Gold Inc (OTCPK:NTCPF) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

0N4:Germany NCX:Canada

Address

1166 Alberni Street, Suite 1200, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.northisle.ca

NorthIsle Copper and Gold Inc is a mineral exploration company. The company's principal business activity is the exploration and development of its North Island Project on Vancouver Island.

NorthIsle Copper and Gold (NorthIsle Copper and Gold) Headlines

From GuruFocus

Northisle Announces Appointment of Sam Lee as President and CEO

By PRNewswire PRNewswire • 10-05-2020

Northisle Appoints Kevin O'Kane as Independent Non-Executive Director

By PRNewswire PRNewswire • 11-05-2020