ReNew Energy Global (RNW)
(Delayed Data from NSDQ)
$5.51 USD
-0.11 (-1.96%)
Updated Apr 26, 2024 04:00 PM ET
3-Hold of 5 3
B Value C Growth F 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.
RNW 5.51 -0.11(-1.96%)
Will RNW be a Portfolio Killer in April?
Zacks Investment Research is releasing its prediction for RNW based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for RNW
ReNew Energy Global PLC (RNW) Reports Q3 Loss, Tops Revenue Estimates
Bloom Energy (BE) Q4 Earnings and Revenues Lag Estimates
RNW: What are Zacks experts saying now?
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Other News for RNW
ReNew partners with JERA to evaluate Joint Development of Green Ammonia Project in India
ReNew & JERA team to evaluate development of green ammonia project in India
Shares of RNW Now Oversold
ReNew Energy Global price target lowered by $1 at Roth MKM, here's why
ReNew Crosses 10 GW of Gross Renewable Energy Assets