Jiangsu lettall Electronic Co (SHSE:603629) GF Value Rank : 1 (As of Jun. 04, 2024)

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What is Jiangsu lettall Electronic Co GF Value Rank?

Jiangsu lettall Electronic Co has the GF Value Rank of 1.

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 Jiangsu lettall Electronic Co's GF Value Rank

For the Electronic Components subindustry, Jiangsu lettall Electronic 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.

Jiangsu lettall Electronic Co's GF Value Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jiangsu lettall Electronic Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Jiangsu lettall Electronic Co's GF Value Rank falls into.

Jiangsu lettall Electronic Co GF Value Rank Related Terms

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Jiangsu lettall Electronic Co (SHSE:603629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiangsu lettall Electronic Co Ltd (SHSE:603629) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xu Li Yixing path on the 8th, Industrial Zone homes, Jiangsu Province, Yixing, CHN, 214241

Website

http://www.lettall.com

Jiangsu Litong Electronics Co Ltd is a manufacturer of eletcronic household and appliances. The ocmpany's products include color TV, LCD TV and air conditioning and other household electrical appliances supporting electronic components, LCD module metal structure and switching power supply and other products.

Executives

Shi Ji	Directors, senior managers
Qian Xu	senior management
Xu Li Qun	senior management
Wu Kai Jun	senior management
Yang Bing	Director
Shao Qiu Ping	Director
Shao Shu Wei	Director
Shi Xu Ping	senior management
Tang Jing Bo	Supervisors
Zhang De Feng	Supervisors

Jiangsu lettall Electronic Co (SHSE:603629) Headlines

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