Jilin Asia Link Technology Development Co (SZSE:002316) GF Value Rank : 1 (As of May. 13, 2024)

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What is Jilin Asia Link Technology Development Co GF Value Rank?

Jilin Asia Link Technology Development Co has the GF Value Rank of 1.

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 Jilin Asia Link Technology Development Co's GF Value Rank

For the Communication Equipment subindustry, Jilin Asia Link Technology Development Co'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.

Jilin Asia Link Technology Development Co's GF Value Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jilin Asia Link Technology Development Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Jilin Asia Link Technology Development Co's GF Value Rank falls into.

Jilin Asia Link Technology Development Co GF Value Rank Related Terms

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Jilin Asia Link Technology Development Co (SZSE:002316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jilin Asia Link Technology Development Co Ltd (SZSE:002316) » Definitions » GF Value Rank

Traded in Other Exchanges

N/A

Address

Room 1205, Chuangye Building, High-tech Industrial Development Zone, Jilin Province, Liaoyuan, CHN, 518057

Website

http://www.asialink.com

Jilin Asia Link Technology Development Co Ltd is primarily involved in the financial technology business and private network communication technology solution business. The financial technology business segment is mainly engaged in third-party payment services, big data service business and financial business. The private network communication technology solution business mainly serves the energy and transportation industries, including the research and development, manufacturing and related technical services of related software and hardware products. Geographically, the activities are carried out through China.

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