Forum Energy Technologies (FET)
(Delayed Data from NYSE)
$16.61 USD
+0.16 (0.97%)
Updated Sep 20, 2024 04:00 PM ET
After-Market: $16.61 0.00 (0.00%) 7:58 PM ET
NA Value
NA Growth NA Momentum NA VGMFundamental 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 16.61 +0.16(0.97%)
Will FET be a Portfolio Killer in September?
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.
Other News for FET
Far East Consortium Completes UK Property Sale
Forum Energy Technologies to Present at the 2024 Gateway Conference on September 4, 2024
Nvidia Effect? AI-Based Cryptos Post Handsome Weekly Gains As Countdown For Tech Giant's Q2 Earnings Begins
Snag This Cheap Energy Stock Even Lower Than CEO Lux Did
Insiders Buying Yum China And 2 Other Stocks