Hovnanian Enterprises (HOV)
(Delayed Data from NYSE)
$224.37 USD
+0.91 (0.41%)
Updated Sep 19, 2024 04:00 PM ET
After-Market: $224.90 +0.53 (0.24%) 7:58 PM ET
NA Value
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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.
HOV 224.37 +0.91(0.41%)
Will HOV be a Portfolio Killer in September?
Zacks Investment Research is releasing its prediction for HOV based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for HOV
Hovnanian (HOV) Q3 Earnings Rise Y/Y, '24 Revenue View Hikes
The Zacks Analyst Blog Highlights Berkshire Hathaway, Eli Lilly, PepsiCo, Hovnanian and IDT
HOV: What are Zacks experts saying now?
Zacks Private Portfolio Services
Zacks Initiates Coverage of Hovnanian With Neutral Recommendation
Top Stock Reports for Berkshire Hathaway, Eli Lilly & PepsiCo
Hovnanian (HOV) Sees Y/Y Q2 Earnings Rise, Beats Liquidity Targets
Other News for HOV
Hovnanian Enterprises to Present at Deutsche Bank?s 32nd Annual Leveraged Finance Conference
Hovnanian Enterprises: Lower Mortgage Rates And Quick-Move-In Homes Imply Undervaluation
Video: Friday Sector Leaders: General Contractors & Builders, Construction Materials & Machinery Stocks
Hovnanian announce partnership between K. Hovnanian, Ministry of Municipalities
Hovnanian Enterprises Announces Strategic Partnership Between K. Hovnanian M.E. and Saudi Arabia's Ministry of Municipalities and Housing