Xinjiang Joinworld Co (SHSE:600888) GF Value Rank : 5 (As of Jun. 09, 2024)

View and export this data going back to 1996. Start your Free Trial

What is Xinjiang Joinworld Co GF Value Rank?

Xinjiang Joinworld Co has the GF Value Rank of 5.

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 Xinjiang Joinworld Co's GF Value Rank

For the Aluminum subindustry, Xinjiang Joinworld 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.

Xinjiang Joinworld Co's GF Value Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Xinjiang Joinworld Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Xinjiang Joinworld Co's GF Value Rank falls into.

Xinjiang Joinworld Co GF Value Rank Related Terms

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

Xinjiang Joinworld Co (SHSE:600888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xinjiang Joinworld Co Ltd (SHSE:600888) » Definitions » GF Value Rank

Traded in Other Exchanges

N/A

Address

No. 18 Kashi East Road, Xinjiang Uygur Autonomous Region, Urumqi, CHN, 830013

Website

http://www.joinworld.com

Xinjiang Joinworld Co Ltd is a producer of high purity aluminum and electronic aluminum foil in China. The products are sold in domestic markets as well as in Japan, Europe, Southeast Asia and Taiwan.

Executives

Guo Wan Hua	senior management
Yang Shi Hu	Director
Bian Ming Yong	Director
Chen Zhang Ke	Director
Liu Jian Hao	Director
Sun Jian	Director
Lu Yang	Director
Wu Bin	Director
Ning Hong	Director
Di Xin Sheng	Director
Shi Ting Hong	Supervisors
Wang Jian Jun	senior management

Xinjiang Joinworld Co (SHSE:600888) Headlines

No Headlines