Harris & Harris Group (TURN)
(Delayed Data from NSDQ)
$3.85 USD
-0.05 (-1.28%)
Updated Apr 30, 2024 03:58 PM ET
NA Value
NA Growth NA Momentum NA VGMFundamental 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.
TURN 3.85 -0.05(-1.28%)
Will TURN be a Portfolio Killer in April?
Zacks Investment Research is releasing its prediction for TURN based on the 1-3 month trading system that more than doubles the S&P 500.
Other News for TURN
180 Degree Capital Corp. Notes Inclusion of Matthew F. McLaughlin as a Nominee for the Board of Directors of comScore, Inc.
180 Degree notes inclusion of McLaughlin as nominee for director of comScore
March nonfarm payrolls expected to show sustained labor-market resilience
180 Degree Capital Corp. Notes Average Discount of Net Asset Value per Share to Stock Price for Third Month of Initial Measurement Period of its Discount Management Program
180 Degree Capital notes average discount of NAV per share to stock price