Grindrod Shipping (GRIN)
(Delayed Data from NSDQ)
$13.80 USD
-0.04 (-0.29%)
Updated Jun 28, 2024 03:59 PM ET
After-Market: $13.80 0.00 (0.00%) 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.
GRIN 13.80 -0.04(-0.29%)
Will GRIN be a Portfolio Killer in June?
Zacks Investment Research is releasing its prediction for GRIN based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for GRIN
What's in Store for Grindrod Shipping (GRIN) in Q2 Earnings?
Grindrod Shipping Holdings Ltd. (GRIN) Gains As Market Dips: What You Should Know
GRIN: What are Zacks experts saying now?
Zacks Private Portfolio Services
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Other News for GRIN
Grown Rogue Finalizes Share Capital Reorganization
Craft Weed Company Grown Rogue Reorganizes Shares To Keep Its Foreign Private Issuer Status In The US
Grown Rogue Implements Share Reorganization
Grindrod Shipping Approves Capital Reduction
Grindrod Shipping Holdings Ltd. Announces Results of the Extraordinary General Meeting Held on June 20, 2024