Newland Digital Technology Co (SZSE:000997) GF Value Rank : 7 (As of May. 28, 2024)

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What is Newland Digital Technology Co GF Value Rank?

Newland Digital Technology Co has the GF Value Rank of 7.

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 Newland Digital Technology Co's GF Value Rank

For the Software - Application subindustry, Newland Digital 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.

Newland Digital Technology Co's GF Value Rank Distribution in the Software Industry

For the Software industry and Technology sector, Newland Digital Technology Co's GF Value Rank distribution charts can be found below:

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

Newland Digital Technology Co GF Value Rank Related Terms

Thank you for viewing the detailed overview of Newland Digital Technology Co's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Newland Digital Technology Co (SZSE:000997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Newland Digital Technology Co Ltd (SZSE:000997) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Rujiang West Road, New World Science and Technology Park, Mawei District, Fujian Province, Fuzhou, CHN, 350015

Website

http://www.newlandcomputer.com

Newland Digital Technology Co Ltd, formerly Fujian Newland Computer Co Ltd is an IT products and services provider in China. It provides solutions for barcode recognition, financial payment, mobile and other communications, traffic information and internet finance activities. The company offers barcode recognition technology, POS machines for electronic financial payment, intelligent transportation solutions, cloud computing and big data services, online to offline two-dimensional code marketing services and other solutions. In addition, it provides solutions which integrates software development, hardware manufacturing and system integration in the field of food safety.

Executives

Wang Jing	Director
Liu Qing Tao	Executives
Chen Ji Sheng	Supervisors
Lin Jian	Directors, executives
Lin Jian Ping	Securities Affairs Representative
Wang Xian Fu	Supervisors
Xu Cheng Jian	Supervisors
Hu Gang	Director
Lin Xue Jie	Director
Lin Zheng Rong	Supervisors
Qi Hong	Executives
Sun Ya Li	Directors, executives
Zhang Tie Jun	Director
Xu Zhi Ling	Executives
Chen Xiang Jie	Executives

Newland Digital Technology Co (SZSE:000997) Headlines

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