Chongqing Construction Engineering Group Co (SHSE:600939) GF Value Rank : 8 (As of Jun. 03, 2024)

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What is Chongqing Construction Engineering Group Co GF Value Rank?

Chongqing Construction Engineering Group Co has the GF Value Rank of 8.

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 Chongqing Construction Engineering Group Co's GF Value Rank

For the Engineering & Construction subindustry, Chongqing Construction Engineering Group Co'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.

Chongqing Construction Engineering Group Co's GF Value Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chongqing Construction Engineering Group Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Chongqing Construction Engineering Group Co's GF Value Rank falls into.

Chongqing Construction Engineering Group Co GF Value Rank Related Terms

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Chongqing Construction Engineering Group Co (SHSE:600939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chongqing Construction Engineering Group Co Ltd (SHSE:600939) » Definitions » GF Value Rank

Traded in Other Exchanges

N/A

Address

No.1596, Jinkai Avenue, Liangjiang New District, Economic Development Zone, Chongqing, CHN, 401122

Website

http://www.cceg.cn

Chongqing Construction Engineering Group Co Ltd is a China based civil engineering construction company. It is engaged in the housing construction and highway construction. The company is involved in the industrial field of building installation field, municipal infrastructure, construction industry and logistics, construction project investment management, building technology, and construction finance. The company has a business presence in China, and various other countries. It focuses on the construction of high-rise buildings, highways, large span bridges and tunnel construction, commodity concrete production, construction machinery manufacturing and other core technologies.

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