Cango (CANG)
(Real Time Quote from BATS)
$1.74 USD
-0.02 (-1.09%)
Updated Aug 12, 2024 02:52 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.
CANG 1.74 -0.02(-1.09%)
Will CANG be a Portfolio Killer in August?
Zacks Investment Research is releasing its prediction for CANG based on the 1-3 month trading system that more than doubles the S&P 500.
Other News for CANG
Cango Inc. Posts Solid Q1 2024 Growth
Cango Non-GAAP EPADS of $0.12, revenue of $8.9M; initiates Q2 outlook
Cango Inc. (CANG) Q1 2024 Earnings Call Transcript
Cango Inc. Reports First Quarter 2024 Unaudited Financial Results
CANG Stock Earnings: Cango Reported Results for Q1 2024