M.K. Real Estate Development PCL (BKK:MK) GF Value Rank : 6 (As of May. 25, 2024)

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What is M.K. Real Estate Development PCL GF Value Rank?

M.K. Real Estate Development PCL has the GF Value Rank of 6.

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 M.K. Real Estate Development PCL's GF Value Rank

For the Real Estate - Development subindustry, M.K. Real Estate Development PCL'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.

M.K. Real Estate Development PCL's GF Value Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, M.K. Real Estate Development PCL's GF Value Rank distribution charts can be found below:

* The bar in red indicates where M.K. Real Estate Development PCL's GF Value Rank falls into.

M.K. Real Estate Development PCL GF Value Rank Related Terms

Thank you for viewing the detailed overview of M.K. Real Estate Development PCL's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

M.K. Real Estate Development PCL (BKK:MK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » M.K. Real Estate Development PCL (BKK:MK) » Definitions » GF Value Rank

Traded in Other Exchanges

N/A

Address

No. 345, Surawong Road, 6th - 8th Floor, 345 Surawong Building, Suriyawong Sub-District, BangRak District, Bangkok, THA, 10500

Website

https://www.mk.co.th

M.K. Real Estate Development PCL is a Thailand based real estate developer. Its principal activities are land and building development, house and condominium construction, building and parking rental and golf course business. Its business is divided into five segments including Real estate, Rental warehouse, factory, and others, Golf services and sport club, Property management, and Health and wellness center. Its house construction consists of a single house, twin house, and townhome. The company generates the majority of the revenue from the real estate division.

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