BGRIMM Technology Co (SHSE:600980) GF Value Rank : 9 (As of May. 23, 2024)

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What is BGRIMM Technology Co GF Value Rank?

BGRIMM Technology Co has the GF Value Rank of 9.

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 BGRIMM Technology Co's GF Value Rank

For the Other Industrial Metals & Mining subindustry, BGRIMM Technology 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.

BGRIMM Technology Co's GF Value Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, BGRIMM Technology Co's GF Value Rank distribution charts can be found below:

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

BGRIMM Technology Co GF Value Rank Related Terms

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BGRIMM Technology Co (SHSE:600980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BGRIMM Technology Co Ltd (SHSE:600980) » Definitions » GF Value Rank

Traded in Other Exchanges

N/A

Address

No. 188, South Fourth Ring Road West, 4th Floor, Building 23, Area 18, Fengtai District, Beijing, CHN, 100160

Website

http://www.magmat.com

BGRIMM Technology Co Ltd, formerly BGRIMM Magnetic Materials & Technology Co Ltd is a China-based company. Its business activities are divided into mining equipment and magnetic materials division. Mining equipment division is engaged in research and development, production, and supporting technical consulting services for mining equipment. Its business scope includes flotation equipment, magnetic separation equipment, ore dressing auxiliary equipment, leaching tanks and other mining and smelting products. Magnetic materials division is engaged in the research and development, production, sales and comprehensive services of magnetic materials and devices. Magnetic material products include sintering permanent magnet ferrite, injection magnetic, and magnetic information recording material.

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