Nordisk Bergteknik AB (OSTO:NORB B) GF Value Rank : 10 (As of Jun. 04, 2024)

View and export this data going back to 2021. Start your Free Trial

What is Nordisk Bergteknik AB GF Value Rank?

Nordisk Bergteknik AB 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.

Competitive Comparison of Nordisk Bergteknik AB's GF Value Rank

For the Engineering & Construction subindustry, Nordisk Bergteknik AB'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.

Nordisk Bergteknik AB's GF Value Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Nordisk Bergteknik AB's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Nordisk Bergteknik AB's GF Value Rank falls into.

Nordisk Bergteknik AB GF Value Rank Related Terms

Thank you for viewing the detailed overview of Nordisk Bergteknik AB's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Nordisk Bergteknik AB (OSTO:NORB B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nordisk Bergteknik AB (OSTO:NORB B) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

9LY:Germany

Address

Östra Hamngatan 52, Gothenburg, SWE, 411 08

Website

https://www.nordiskbergteknik.se

Nordisk Bergteknik AB's business concept is to offer contracting services in infrastructure to the construction mining and construction industries within selected niches in the Nordic countries. It operates in the two business areas of Rock Handling and Foundation Solutions, which in turn are reported in the three financial segments Foundation Sweden, Rock Sweden, and Rock Norway. It generates maximum revenue from the Rock Sweden segment. Its Majority of the revenue comes from Rock Sweden. Geographic areas are Sweden, Norway, Finland, and Other Countries where the majority of revenue comes from Sweden.

Nordisk Bergteknik AB (OSTO:NORB B) Headlines

No Headlines