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Heritage Global has the GF Value Rank of 10.
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.
For the Capital Markets subindustry, Heritage Global'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.
For the Capital Markets industry and Financial Services sector, Heritage Global's GF Value Rank distribution charts can be found below:
* The bar in red indicates where Heritage Global's GF Value Rank falls into.
Thank you for viewing the detailed overview of Heritage Global's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.
Nicholas Kirk Dove | officer: President, Industrial Assets | 12509 EL CAMINO REAL, UNIT B, SAN DIEGO CA 92130 |
Samuel L Shimer | director | C/O HERITAGE GLOBAL INC., 12625 HIGH BLUFF DRIVE, SUITE 305, SAN DIEGO CA 92130 |
Ross Dove | officer: President of Subsidiary | 330 HATCH DRIVE, FOSTER CITY CA 94404 |
David Van Ludwig | officer: President of subsidiary | 10 SUNSET HILLS PROFESSIONAL CENTRE, EDWARDSVILLE IL 62025 |
Michael Hexner | director | 200 BRANNAN STREET, #332, SAN FRANCISCO CA 94107 |
Topline Capital Partners, Lp | 10 percent owner | 544 EUCLID STREET, SANTA MONICA CA 90402 |
Topline Capital Management, Llc | other: See Explanation in Footnotes | 544 EUCLID STREET, SANTA MONICA CA 90402 |
William L Burnham | director | INDUCTIVE CAPITAL LP, 9855 DOUBLE R BLVD, STE 125, RENO NV 89521 |
James Edward Sklar | officer: EVP, Gen. Counsel & Secretary | 31500 NORTHWESTERN HWY., SUITE 105, FARMINGTON HILLS MI 48334 |
Kelly S Sharpe | director | 5094 NORTHLAWN DR., SAN JOSE CA 95130 |
Barbara A Sinsley | director | 2502 KENNETH ST., MARRIETA GA 30066 |
Shirley Cho | director | 12227 VALLEYHEART DRIVE, STUDIO CITY CA 91604 |
Brian J. Cobb | officer: VP of Finance and Controller | 12625 HIGH BLUFF DRIVE, SUITE 305, SAN DIEGO CA 92130 |
Allan C Silber | officer: President | C/O COUNSEL CORPORATION, 700 - 1 TORONTO ST., TORONTO A6 M5C 2V6 |
Mcbirney Collin | other: See Explanation in Footnotes | 544 EUCLID STREET, SANTA MONICA CA 90402 |
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