Ningbo Yongxin Optics Co (SHSE:603297) GF Value Rank : 8 (As of Jun. 01, 2024)

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What is Ningbo Yongxin Optics Co GF Value Rank?

Ningbo Yongxin Optics 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 Ningbo Yongxin Optics Co's GF Value Rank

For the Scientific & Technical Instruments subindustry, Ningbo Yongxin Optics 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.

Ningbo Yongxin Optics Co's GF Value Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ningbo Yongxin Optics Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Ningbo Yongxin Optics Co's GF Value Rank falls into.

Ningbo Yongxin Optics Co GF Value Rank Related Terms

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Ningbo Yongxin Optics Co (SHSE:603297) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ningbo Yongxin Optics Co Ltd (SHSE:603297) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.385 Mingzhu Road, Hi-tech Industry Park, Zhejiang, Ningbo, CHN, 315040

Website

http://www.yxopt.com

Ningbo Yongxin Optics Co Ltd is a Chinese microscope manufacturer. It is engaged in manufacturing and selling biological microscopes and industrial microscopes, strips Code scanner lens, planar optics, and professional imaging optics components under the brands NOVEL, JIANGNAN, and INOVO. The company exports its products throughout Europe, America, Japan, Singapore, and other countries and regions.

Executives

Lin Guang Kao

senior management

Ningbo Yongxin Optics Co (SHSE:603297) Headlines

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