Fortrea Holdings Inc. (FTRE)
(Delayed Data from NSDQ)
$35.81 USD
+0.31 (0.87%)
Updated May 9, 2024 04:00 PM ET
After-Market: $35.76 -0.05 (-0.14%) 7:58 PM ET
3-Hold of 5 3
B Value D Growth A Momentum B 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.
FTRE 35.81 +0.31(0.87%)
Will FTRE be a Portfolio Killer in May?
Zacks Investment Research is releasing its prediction for FTRE based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for FTRE
Company News for Mar 12, 2024
Cognizant (CTSH), Microsoft Team Up to Streamline Healthcare
FTRE: What are Zacks experts saying now?
Zacks Private Portfolio Services
Cognizant (CTSH) Expands Gen-AI Footprint With Flowsource
Cognizant (CTSH) Boosts Innovation With Microsoft AI Assistant
Cognizant (CTSH) Expands Healthcare Footprint With Fortrea Deal
Other News for FTRE
Fortrea Holdings Launches New Financial Strategy and Programs
Fortrea Reschedules Release of First Quarter 2024 Financial Results and Conference Call
Fortrea Holdings reschedules release of Q1 financial results
Fortrea Announces Date for First Quarter 2024 Financial Results and Conference Call
FTRE Crosses Above Average Analyst Target