Havila Shipping ASA (OSL:HAVI) GF Value Rank : 5 (As of May. 22, 2024)

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What is Havila Shipping ASA GF Value Rank?

Havila Shipping ASA 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 Havila Shipping ASA's GF Value Rank

For the Marine Shipping subindustry, Havila Shipping ASA'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.

Havila Shipping ASA's GF Value Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Havila Shipping ASA's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Havila Shipping ASA's GF Value Rank falls into.

Havila Shipping ASA GF Value Rank Related Terms

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Havila Shipping ASA (OSL:HAVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Havila Shipping ASA (OSL:HAVI) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

HAVIO:Sweden H4S:Germany

Address

P.O Box 215, Fosnavag, NOR, N-6099

Website

https://www.havilashipping.no

Havila Shipping ASA along with its subsidiaries is engaged in the shipping business. The company manages and operates offshore service vessels. The group is involved in the operation of approximately 27 vessels. Its segment includes Anchor handling tug service, Anchor handling tug service - Asia, Platform supply vessel, Rescue recovery vessel and Subsea operations vessels. It operates in five geographical areas namely The Norwegian, British and Danish sectors of the North Sea, Asia, Brazil, Africa and the Netherlands. The group generates revenue mainly from customers located in Norway, the UK, Denmark, Asia, and Brazil.

Havila Shipping ASA (OSL:HAVI) Headlines

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