P I E Industrial Bhd (XKLS:7095) GF Value Rank : 1 (As of May. 10, 2024)

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What is P I E Industrial Bhd GF Value Rank?

P I E Industrial Bhd 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 P I E Industrial Bhd's GF Value Rank

For the Electrical Equipment & Parts subindustry, P I E Industrial Bhd'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.

P I E Industrial Bhd's GF Value Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, P I E Industrial Bhd's GF Value Rank distribution charts can be found below:

* The bar in red indicates where P I E Industrial Bhd's GF Value Rank falls into.

P I E Industrial Bhd GF Value Rank Related Terms

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P I E Industrial Bhd (XKLS:7095) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » P I E Industrial Bhd (XKLS:7095) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot 4, Jalan Jelawat Satu, Seberang Jaya Industrial Estate, Seberang Jaya, Seberang Perai, PNG, MYS, 13700

Website

https://www.pieib.com.my

P I E Industrial Bhd is principally involved in investment holding and the provision of management services. The group has three reportable segments, Manufacturing of industrial products, Trading of electrical materials, and Investment holding. Manufacturing of industrial products includes cables and wires for electronic devices, cable molding compounds and PCB assemblies, cable and wire harnesses to the computer, communication, consumer electronic industry, and cable assemblies. Trading of electrical materials includes peripheral products of computers, telecommunication, consumer electronics, and cable assembly products. Manufacturing of industrial products generates the majority of the revenue.

P I E Industrial Bhd (XKLS:7095) Headlines

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