Thanachart Capital PCL (STU:NFPH) GF Value Rank : 0 (As of May. 26, 2024)

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What is Thanachart Capital PCL GF Value Rank?

Thanachart Capital PCL has the GF Value Rank of 0.

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.

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Thanachart Capital PCL (STU:NFPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Thanachart Capital PCL (STU:NFPH) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

TCAP:Thailand

Address

Phayathai Road, 444, 16-17th Floor, MBK Tower, Wangmai, Pathumwan, Bangkok, THA, 10330

Website

https://www.thanachart.co.th

Thanachart Capital PCL is an investment holding company domiciled in Thailand. Through its subsidiaries, the company offers banking products such as deposits and credit cards; personal, housing, business and corporate loans; funds transfer and Western Union services; and transaction accounts. Thanachart Capital provides securities services such as brokerage, proprietary trading, security borrowing, and lending and investment advisory services. In addition to banking and securities services, the company provides life insurance, health protection, and general insurance products to individuals, institutions, and organizations. The company derives almost all of its revenue domestically.

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