Alta Equipment Group (ALTG)
(Delayed Data from NYSE)
$8.85 USD
-0.96 (-9.79%)
Updated May 10, 2024 04:00 PM ET
After-Market: $8.84 -0.01 (-0.11%) 7:58 PM ET
3-Hold of 5 3
A Value B Growth A Momentum A VGM
Fundamental Charts
About PEG Ratio (TTM)
The company's trailing twelve month (TTM) PEG ratio is the P/E ratio divided by its long-term growth rate consensus. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it doesn't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.
ALTG 8.85 -0.96(-9.79%)
Will ALTG be a Portfolio Killer in May?
Zacks Investment Research is releasing its prediction for ALTG based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for ALTG
Alta Equipment (ALTG) Reports Q1 Loss, Tops Revenue Estimates
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Other News for ALTG
Ex-Div Reminder for Alta Equipment Group (ALTG)
Alta Equipment Group Inc. (ALTG) Q1 2024 Earnings: Misses EPS Estimates Amid Seasonal Challenges
12 Industrials Stocks Moving In Thursday's Intraday Session
Alta Equipment Group Enters Oversold Territory
Northland Securities Sticks to Its Buy Rating for Alta Equipment Group (ALTG)