Ping An Insurance Co. of China (PNGAY)
(Delayed Data from OTC)
$9.56 USD
-0.02 (-0.21%)
Updated Sep 20, 2024 03:59 PM ET
2-Buy of 5 2
A Value F Growth F Momentum C 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.
PNGAY 9.56 -0.02(-0.21%)
Will PNGAY be a Portfolio Killer in September?
Zacks Investment Research is releasing its prediction for PNGAY based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for PNGAY
Should Value Investors Buy Ping An Insurance Co. of China (PNGAY) Stock?
Are Investors Undervaluing Ping An Insurance Co. of China (PNGAY) Right Now?
PNGAY: What are Zacks experts saying now?
Zacks Private Portfolio Services
Is Ping An Insurance Co. of China (PNGAY) Stock Undervalued Right Now?
National Fuel Gas and Landstar System Industries have been highlighted as Zacks Bull and Bear of the Day
Global Week Ahead: Nervous Stock Markets
Other News for PNGAY
Ping An Selected for Hang Seng Corporate Sustainability Index. Series for 14th Consecutive Year
abrdn Emerging Markets Fund Q2 2024 Commentary
PNGAY Stock Earnings: Ping An Insurance (Group) Reported Results for Q2 2024
Ping An reports 1H results
Ping An Reports Stable Operating Profit Attributable to Shareholders of the Parent Company and Interim Dividends, with a 6.8% YoY Increase in Net Profit