Forum Energy Technologies (FET)
(Delayed Data from NYSE)
$19.45 USD
-0.08 (-0.41%)
Updated Apr 29, 2024 04:00 PM ET
After-Market: $19.44 -0.01 (-0.05%) 7:58 PM ET
3-Hold of 5 3
A Value A Growth C 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.
FET 19.45 -0.08(-0.41%)
Will FET be a Portfolio Killer in April?
Zacks Investment Research is releasing its prediction for FET based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for FET
Forum Energy Technologies (FET) Reports Q3 Loss, Lags Revenue Estimates
FET: What are Zacks experts saying now?
Zacks Private Portfolio Services
Other News for FET
Forum Energy Technologies Announces Timing of First Quarter 2024 Earnings Conference Call
FET, VTNR among major energy gainers
Forum Energy files to sell 1.95M shares of common stock for holders
Forum Energy files to sell 1.95M shares of common stock for holders
Forum Energy Technologies, Inc. (FET) Q4 2023 Earnings Call Transcript