China Automotive Systems (CAAS)
(Delayed Data from NSDQ)
$3.53 USD
-0.04 (-1.12%)
Updated Apr 26, 2024 03:52 PM ET
After-Market: $3.54 +0.01 (0.28%) 7:58 PM ET
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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.
CAAS 3.53 -0.04(-1.12%)
Will CAAS be a Portfolio Killer in April?
Zacks Investment Research is releasing its prediction for CAAS based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for CAAS
China Automotive Systems (CAAS) Stock Sinks As Market Gains: What You Should Know
China Automotive Systems (CAAS) Stock Sinks As Market Gains: What You Should Know
CAAS: What are Zacks experts saying now?
Zacks Private Portfolio Services
Cepton, Inc. (CPTN) Reports Q4 Loss, Misses Revenue Estimates
China Automotive Systems (CAAS) Stock Sinks As Market Gains: What You Should Know
China Automotive Systems (CAAS) Stock Sinks As Market Gains: What You Should Know
Other News for CAAS
CAAS Stock Earnings: China Automotive Systems Reported Results for Q4 2023
China Automotive Systems, Inc. (CAAS) Q4 2023 Earnings Call Transcript
China Automotive Systems Inc (CAAS) Reports Record Annual Revenue and Significant Increase in ...
China Automotive Systems: Q4 Earnings Snapshot
China Automotive Systems Reports Record Annual Revenue, and a 81.2% Increase in Diluted Net Income Per Share to $1.25 in Fiscal Year 2023