CHECHE GROUP (CCG)
(Delayed Data from NSDQ)
$0.92 USD
-0.11 (-11.15%)
Updated Jul 15, 2024 04:00 PM ET
After-Market: $0.92 0.00 (0.52%) 7:58 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.
CCG 0.92 -0.11(-11.15%)
Will CCG be a Portfolio Killer in July?
Zacks Investment Research is releasing its prediction for CCG based on the 1-3 month trading system that more than doubles the S&P 500.
Other News for CCG
Argus Research Initiates Equity Report Coverage on Cheche Group Inc. (NasdaqCM: CCG).
Cheche Group Inks Deal with BAIC’s Insurance Arm
Cheche Group Announces Strategic Partnership with BAIC Group's Insurance Provider
Cheche enters into partnership with Beijing Anpeng Insurance Broker
Cheche Technology enters partnership with Beijing Anpeng