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VIP Entertainment Technologies (TSXV:VIP) GF Value Rank : 0 (As of May. 26, 2024)


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What is VIP Entertainment Technologies GF Value Rank?

VIP Entertainment Technologies 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.

VIP Entertainment Technologies GF Value Rank Related Terms

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VIP Entertainment Technologies (TSXV:VIP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » VIP Entertainment Technologies Inc (TSXV:VIP) » Definitions » GF Value Rank
Comparable Companies
XCNQ:JKPT TSXV:LUCK DUB:FLTR OSTO:EVO ASX:ALL DKNG CHDN LSE:ENT LNW ASX:TLC XPAR:FDJ ATH:OPAP IGT MIL:LTMC TSE:6417 SGHC OSTO:KIND SDB LSE:PTEC OSTO:BETS B ASX:TAH
Traded in Other Exchanges
VETIF:USA
Address
500 - 4th Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 2V6
Website
https://www.vipentertaingroup.com
VIP Entertainment Technologies Inc is an entertainment and gaming company offering legal real-money betting on sports, casinos, poker, and esports events in online environments. The Company's principal business activity is the development of online poker and other sports betting products. It delivers sports betting, casino games, and poker through its VIP Bets platform.
Executives
Jennings Theresa 10% Security Holder

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