National Bank of Kuwait - Egypt (CAI:NBKE) GF Value Rank : 0 (As of Jun. 09, 2024)

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What is National Bank of Kuwait - Egypt GF Value Rank?

National Bank of Kuwait - Egypt 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.

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National Bank of Kuwait - Egypt (CAI:NBKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » National Bank of Kuwait - Egypt (CAI:NBKE) » Definitions » GF Value Rank

Traded in Other Exchanges

N/A

Address

Plot No:155, City Centre, First Sector, 5th Settlement, New Cairo, EGY

Website

https://www.nbk.com

National Bank of Kuwait - Egypt is an Egypt-based public shareholding company. It provides corporate, retail, and investment banking products and services to individuals, corporate, and institutional clients in the Arab Republic of Egypt and the Middle East. The bank's services are structured into retail banking, Islamic banking, corporate banking, and the financial Market divisions. The bank offers its products and services to individuals, corporate and institutional clients, through a network of branches located in Egypt, in cities such as Cairo, Giza, Alexandria, Sohaj, and others.

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