International General Insurance (IGIC)
(Delayed Data from NSDQ)
$18.48 USD
+0.27 (1.48%)
Updated Aug 30, 2024 04:00 PM ET
After-Market: $18.49 +0.01 (0.05%) 7:58 PM ET
NA Value
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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.
IGIC 18.48 +0.27(1.48%)
Will IGIC be a Portfolio Killer in September?
Zacks Investment Research is releasing its prediction for IGIC based on the 1-3 month trading system that more than doubles the S&P 500.
Other News for IGIC
International General Insurance Reports Growth
IGI Announces Dividend, Boasts Strong Ratings
IGI Announces Quarterly Ordinary Common Share Dividend
International General Insurance: A Hidden Gem In Small-Cap Insurance With Strong Upside Potential
International General Insurance Holdings declares $0.025 dividend