Granite Point Mortgage Trust (GPMT)
(Delayed Data from NYSE)
$2.84 USD
-0.15 (-5.02%)
Updated Sep 20, 2024 04:00 PM ET
After-Market: $2.90 +0.06 (2.11%) 6:02 PM ET
3-Hold of 5 3
D Value F Growth D Momentum F 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.
GPMT 2.84 -0.15(-5.02%)
Will GPMT be a Portfolio Killer in September?
Zacks Investment Research is releasing its prediction for GPMT based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for GPMT
Granite Point Mortgage Trust (GPMT) Reports Q2 Loss, Misses Revenue Estimates
NexPoint (NREF) Surpasses Q2 Earnings and Revenue Estimates
GPMT: What are Zacks experts saying now?
Zacks Private Portfolio Services
Altisource Portfolio Solutions (ASPS) Reports Q2 Loss, Misses Revenue Estimates
Granite Point Mortgage Trust (GPMT) Upgraded to Buy: Here's Why
Granite Point Mortgage Trust (GPMT) Loses -15% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Other News for GPMT
Granite Point Mortgage Trust Inc. Announces Third Quarter 2024 Common and Preferred Stock Dividends and Business Update
The High Yield Desert
Granite Point Mortgage Trust declares $0.05 dividend
Rithm Capital's Updated Sector Comparative Analysis - Part 1 (Includes Recommendation For 19 Peers As Of 9/2/2024)
Executive reshuffles: CMG, TSN and CODI Companies in focus