Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) GF Value Rank : 10 (As of May. 27, 2024)

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What is Shanghai SK Petroleum & Chemical Equipment GF Value Rank?

Shanghai SK Petroleum & Chemical Equipment 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 Shanghai SK Petroleum & Chemical Equipment's GF Value Rank

For the Specialty Industrial Machinery subindustry, Shanghai SK Petroleum & Chemical Equipment'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.

Shanghai SK Petroleum & Chemical Equipment's GF Value Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai SK Petroleum & Chemical Equipment's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Shanghai SK Petroleum & Chemical Equipment's GF Value Rank falls into.

Shanghai SK Petroleum & Chemical Equipment GF Value Rank Related Terms

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Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai SK Petroleum & Chemical Equipment Corp Ltd (SZSE:002278) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1769 Puxing Highway, Pujiang Town, Minhang District, Shanghai, Shanghai, CHN, 201114

Website

http://www.shenkai.com

Shanghai SK Petroleum & Chemical Equipment Corp Ltd is engaged in research and development and manufacturing of petrochemical equipment and engineering technology services. The products of the company include well control equipment, wellhead equipment, drilling and mining accessories, drilling instruments, oil analyzers, blowout preventers, and oil and mining drill bits.

Executives

Li Fang Ying	Director
Zhang Guan Jun	Independent director
Tang Wei Min	Executives
Jiang Gan Hong	Supervisors
Zhao Xin Yi	Executives
Gu Cheng Yu	Directors, executives
Huang Jia Liu	Director
Wang Xiang Wei	Director
Kou Yu Ting	Directors, executives
Gu Bing	Directors, Directors, and Executives
Yuan Jian Xin	Director
Wang Min	Executives
Chen Zhi Min	Supervisors
Gu Zheng	Director
Hu Shou Jun	Independent director

Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) Headlines

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