Magic Software Enterprises (MGIC)
(Delayed Data from NSDQ)
$11.13 USD
-0.55 (-4.71%)
Updated Jul 29, 2024 04:00 PM ET
After-Market: $11.15 +0.02 (0.18%) 7:58 PM ET
3-Hold of 5 3
A Value A Growth A Momentum A VGM
Fundamental 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.
MGIC 11.13 -0.55(-4.71%)
Will MGIC be a Portfolio Killer in July?
Zacks Investment Research is releasing its prediction for MGIC based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for MGIC
Is Magic Software Enterprises (MGIC) Outperforming Other Computer and Technology Stocks This Year?
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MGIC: What are Zacks experts saying now?
Zacks Private Portfolio Services
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Magic Software (MGIC) Surpasses Q1 Earnings and Revenue Estimates
Other News for MGIC
Magic Software to Announce 2024 Second Quarter Financial Results on August 14th, 2024
Magic Software to Reveal Q2 2024 Results
Magic Software Enterprises Becomes Oversold
Magic Software Schedules 2024 Shareholder Meeting
MGIC Crosses Above Key Moving Average Level