Cleco (CNL) GF Value Rank : 0 (As of May. 06, 2024)

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What is Cleco GF Value Rank?

Cleco 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.

Cleco GF Value Rank Related Terms

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Cleco (CNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cleco Corp (NYSE:CNL) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.cleco.com

Cleco Corp was incorporated on October 30, 1998, under the laws of the State of Louisiana. It is a public utility holding company that owns a vertically integrated electric utility, Cleco Power, which is engaged in the generation, transmission, distribution and sale of electricity primarily in Louisiana.

Executives

Scott Peter M Iii	director	P O BOX 1551, RALEIGH NC 27601
Shelley Jr Stewart	director	9 ROSZEL ROAD, PRINCETON NJ 08540
Vicky A Bailey	director	2099 PENNSYLVANIA AVNUE, NW, SUITE 1000, WASHINGTON DC 20006
William L Marks	director	PINEVILLE GENERAL OFFICE, 2030 DONAHUE FERRY RD PO BOX 5000, PINEVILLE LA 71361-5000
Logan W Kruger	director	C/O CENTURY ALUMINUM COMPANY, 2511 GARDEN ROAD, BUILDING A, SUITE 200, MONTEREY CA 93940
Bruce A Williamson	director, officer: President & CEO	C/O SOUTHCROSS ENERGY PARTNERS, L.P., 1717 MAIN STREET, SUITE 5200, DALLAS TX 75201
Thomas R Miller	officer: SVP - CFO & Treasurer	2030 DONAHUE FERRY ROAD, PINEVILLE LA 71360
Michael Madison	other: Former President & CEO	PO BOX 5000, PINEVILLE LA 71361-5000
Richard B Crowell	director	PINEVILLE GENERAL OFFICE, 2030 DONAHUE FERRY RD PO BOX 5000, PINEVILLE LA 71361-5000
Bear Stearns & Co Inc /ny/	10 percent owner	115 SOUTH JEFFERSON RD, WHIPPANY NJ 07981
Bear Stearns Companies Inc	10 percent owner	ONE METROTECH NORTH, 9TH FL., BROOKLYN NY 11201