Li-Cycle Holdings Corp. (LICY)
(Delayed Data from NYSE)
$3.63 USD
+0.14 (4.01%)
Updated Jul 25, 2024 04:00 PM ET
Pre-Market: $3.73 +0.10 (2.75%) 8:34 AM 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.
LICY 3.63 +0.14(4.01%)
Will LICY be a Portfolio Killer in July?
Zacks Investment Research is releasing its prediction for LICY based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for LICY
After Plunging -72.38% in 4 Weeks, Here's Why the Trend Might Reverse for Li-Cycle Holdings Corp. (LICY)
Li-Cycle Holdings Corp. (LICY) Reports Q4 Loss, Lags Revenue Estimates
LICY: What are Zacks experts saying now?
Zacks Private Portfolio Services
LiCycle Holdings Corp. (LICY) Reports Q3 Loss, Lags Revenue Estimates
Minim, Inc. (MINM) Reports Q2 Loss, Misses Revenue Estimates
Other News for LICY
Executive reshuffles: Otis Worldwide, HSBC and Rockwell Automation in focus
Li-Cycle Appoints Craig Cunningham as Chief Financial Officer
Li-Cycle Announces New CFO and Strategic Leadership Update
Li-Cycle appoints Craig Cunningham CFO
Li-Cycle CFO Craig Cunningham sheds interim tag