Electra Battery Materials Corporation (ELBM)
(Delayed Data from NSDQ)
$0.41 USD
-0.02 (-4.63%)
Updated Jul 16, 2024 03:57 PM ET
After-Market: $0.41 0.00 (-0.02%) 7:58 PM ET
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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.
ELBM 0.41 -0.02(-4.63%)
Will ELBM be a Portfolio Killer in July?
Zacks Investment Research is releasing its prediction for ELBM based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for ELBM
Electra Battery Materials Corporation (ELBM) Upgraded to Buy: Here's What You Should Know
Down -16.23% in 4 Weeks, Here's Why Electra Battery Materials Corporation (ELBM) Looks Ripe for a Turnaround
ELBM: What are Zacks experts saying now?
Zacks Private Portfolio Services
Other News for ELBM
Nickel Miners News For The Month Of June 2024
Electra Battery Materials Corporation 2023 Q4 - Results - Earnings Call Presentation
Cobalt Miners News For The Month Of June 2024
Electra Awarded $5 Million from Government of Canada to Advance Development of Proprietary Battery Metals Recycling Technology
Electra Secures Government Funds for Battery Recycling