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NioCorp Developments has the GF Value Rank of 0.
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.
Thank you for viewing the detailed overview of NioCorp Developments's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.
Dean C Kehler | director | C/O TRIMARAN CAPITAL PARTNERS, 622 THIRD AVENUE, 35TH FLOOR, NEW YORK NY 10017 |
Michael G Maselli | director | 1325 AVENUE OF THE AMERICAS, 25TH FLOOR, NEW YORK NY 10019 |
Peter Robert Oliver | director | 7000 S YOSEMITE STREET, SUITE 115, CENTENNIAL CO 80112 |
Nilsa Guerrero-mahon | director | 7000 S. YOSEMITE STREET, SUITE 115, CENTENNIAL CO 80112 |
Klamas Fernanda Reda Fenga Viana | director | 7000 S YOSEMITE ST, SUITE 115, CENTENNIAL CO 80112 |
Mark A. Smith | director, officer: President, CEO & Chairman | 5619 DENVER TECH CENTER PARKWAY, SUITE 1000, GREENWOOD VILLAGE CO 80111 |
Anna Castner Wightman | director | C/O NIOCORP DEVELOPMENTS LTD., 7000 YOSEMITE STREET, SUITE 115, CENTENNIAL CO 80112 |
Ashburn John F. Jr. | officer: VP, Gen. Counsel & Corp. Sec. | 5619 DENVER TECH CENTER PARKWAY, SUITE 1000, GREENWOOD VILLAGE CO 80111 |
Joseph A Carrabba | director | CLEVELAND CLIFFS INC, 1100 SUPERIOR AVENUE, CLEVELAND OH 44114 |
Michael James Morris | director | 545 12TH STREET, PASO ROBLES CA 93445 |
Beling David Coates | director | 897 QUAIL RUN DRIVE, GRAND JUNCTION CO 81505 |
Neal S. Shah | officer: Chief Financial Officer | C/O NIOCORP DEVELOPMENTS LTD., 7000 YOSEMITE STREET, SUITE 115, CENTENNIAL CO 80112 |
James T. Sims | officer: VP - External Affairs | C/O NIOCORP DEVELOPMENTS LTD., 7000 YOSEMITE STREET, SUITE 115, CENTENNIAL CO 80112 |
Scott Honan | officer: VP - Business Development | C/O NIOCORP DEVELOPMENTS LTD., 7000 YOSEMITE STREET, SUITE 115, CENTENNIAL CO 80112 |
Joe D Cecil | director |
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