Olympic Steel (Olympic Steel) GF Value Rank : 1 (As of May. 02, 2024)

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What is Olympic Steel GF Value Rank?

Olympic Steel 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 Olympic Steel's GF Value Rank

For the Steel subindustry, Olympic Steel'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.

Olympic Steel's GF Value Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Olympic Steel's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Olympic Steel's GF Value Rank falls into.

Olympic Steel GF Value Rank Related Terms

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Olympic Steel (Olympic Steel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Olympic Steel Inc (NAS:ZEUS) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

OYS:Germany OYS:Germany

Address

22901 Millcreek Boulevard, Suite 650, Highland Hills, OH, USA, 44122

Website

https://www.olysteel.com

Olympic Steel Inc provides metals processing and distribution services in the United States. The company operates in three reportable segments; specialty metals flat products, carbon flat products, and tubular and pipe products. It specializes in the processing and distribution of large volumes of carbon, aluminum, and stainless steel flat-rolled sheet, coils, plates, bars, and fabricated parts. The group serves various industries such as industrial machinery and equipment manufacturers, automobile manufacturers and suppliers, and transportation equipment manufacturers. The company generates majority of the revenue from carbon flat products.

Executives

Dirk A Kempthorne	director	1735 MARKET STREET, PHILADELPHIA PA 19103
Michael D Siegal	director, 10 percent owner, officer: Chairman of the Board and CEO	5080 RICHMOND ROAD, CLEVELAND OH 44146-1392
David A Wolfort	director, officer: President and COO
Richard T Marabito	officer: Chief Financial Officer	5096 RICHMOND ROAD, BEDFORD HEIGHTS OH 44146
Andrew S Greiff	officer: EVP and COO	22901 MILLCREEK BLVD., SUITE 650, HIGHLAND HILLS OH 44122
Richard P Stovsky	director	350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108
Arthur F Anton	director	29500 SOLON ROAD, SOLON OH 44139
Richard A Manson	officer: Vice President and Treasurer	5096 RICHMOND ROAD, BEDFORD HEIGHTS OH 44146
Lisa K Christen	officer: See Remarks	C/O/ OLYMPIC STEEL, INC., 22901 MILLCREED BLVD., SUITE 650, HIGHLAND HILLS OH 44122
Vanessa Whiting	director	C/O OLYMPIC STEEL, INC., 22901 MILLCREEK BLVD., SUITE 650, HIGHLAND HILLS OH 44122
Della Ratta Ralph M Jr	director	1690 CHAGRIN RIVER ROAD, GATES MILLS OH 44040
Idalene Fay Kesner	director	101 OAKLEY STREET, EVANSVILLE IN 47710
Michael G Rippey	director	C/O OLYMPIC STEEL, INC., 22901 MILLCREEK BLVD., HIGHLAND HILLS OH 44122
Howard Goldstein	director	5096 RICHMOND RD, BEDFORD HEIGHTS OH 44146
Mcneeley Donald R. Jr.	director, officer: Subsidiary Officer	5096 RICHMOND ROAD, BEDFORD HEIGHTS OH 44146