JCK Legacy Co (FRA:MCAB) GF Value Rank : 0 (As of May. 19, 2024)

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What is JCK Legacy Co GF Value Rank?

JCK Legacy Co 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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JCK Legacy Co (FRA:MCAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » JCK Legacy Co (FRA:MCAB) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

2100 Q Street, Sacramento, CA, USA, 95816

Website

https://www.mcclatchy.com

The McClatchy Co provides independent local journalism to various communities with operations in few states, as well as selected national news coverage through its Washington, D.C. bureau. It also provides a full suite of digital marketing services, through local sales teams and excelerate, its national digital marketing agency. The company is a publisher of brands such as the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News & Observer, and the Fort Worth Star-Telegram. Its two operating segments are the Western segment that consists of media companies operations in California, Washington, and the Central region; the Eastern segment consists of media company operations in the Carolinas and the East and Southeast regions.

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