Planet 13 Holdings (XCNQ:PLTH) GF Value Rank : 8 (As of May. 14, 2024)

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What is Planet 13 Holdings GF Value Rank?

Planet 13 Holdings 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 Planet 13 Holdings's GF Value Rank

For the Drug Manufacturers - Specialty & Generic subindustry, Planet 13 Holdings'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.

Planet 13 Holdings's GF Value Rank Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Planet 13 Holdings's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Planet 13 Holdings's GF Value Rank falls into.

Planet 13 Holdings GF Value Rank Related Terms

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Planet 13 Holdings (XCNQ:PLTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet 13 Holdings Inc (XCNQ:PLTH) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

PLNH:USA

Address

2548 West Desert Inn Road, Las Vegas, NV, USA, 89109

Website

https://www.planet13holdings.com

Planet 13 Holdings Inc operates as an integrated cannabis company based in Nevada, with cultivation, production, and dispensary operations in Las Vegas. The company is focused on providing an unparalleled dispensary experience and optimizing cultivation efficiencies through its technology as the vanguard of cannabis.

Executives

Christopher Brian Wren

Senior Officer

Planet 13 Holdings (XCNQ:PLTH) Headlines

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