Tencent Music Entertainment Group (TME)
(Delayed Data from NYSE)
$9.86 USD
-0.07 (-0.70%)
Updated Sep 20, 2024 04:00 PM ET
After-Market: $9.86 0.00 (0.00%) 7:58 PM ET
3-Hold of 5 3
B Value B 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.
TME 9.86 -0.07(-0.70%)
Will TME be a Portfolio Killer in September?
Zacks Investment Research is releasing its prediction for TME based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for TME
Strength Seen in Similarweb (SMWB): Can Its 8.0% Jump Turn into More Strength?
Is Teradyne (TER) Stock Outpacing Its Computer and Technology Peers This Year?
TME: What are Zacks experts saying now?
Zacks Private Portfolio Services
Surging Earnings Estimates Signal Upside for Tencent Music Entertainment Group (TME) Stock
Tencent Music Entertainment Group Sponsored ADR (TME) is a Great Momentum Stock: Should You Buy?
Wall Street Awaits Economic Data
Other News for TME
Interest Rate Divergence Weakens Dollar To 17-Month Low Against Yuan: XPeng, Li Auto Among 4 Stock Movers
Top 3 Tech And Telecom Stocks That May Rocket Higher This Quarter
Tencent Music Entertainment Group Launches Global Music Outreach Initiative
Allspring Emerging Markets Equity Fund Q2 2024 Quarterly Review
Analysts Are Bullish on These Communication Services Stocks: Cogent Comms (CCOI), Tencent Music Entertainment Group (TME)