Myers Industries (MYE)
(Delayed Data from NYSE)
$14.38 USD
-0.32 (-2.18%)
Updated Jul 24, 2024 04:00 PM ET
After-Market: $14.37 -0.01 (-0.07%) 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.
MYE 14.38 -0.32(-2.18%)
Will MYE be a Portfolio Killer in July?
Zacks Investment Research is releasing its prediction for MYE based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for MYE
Myers (MYE) Q4 Earnings Surpass Estimates
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MYE: What are Zacks experts saying now?
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Myers (MYE) Lags Q1 Earnings and Revenue Estimates
Myers (MYE) Tops Q4 Earnings Estimates
Other News for MYE
Metarock Group Confirms Securities Cessation
Myers Industries Announces Reporting Date and Conference Call for 2024 Second Quarter Results
Ex-Dividend Date Nearing for These 10 Stocks – Week of June 17, 2024
Reminder - Myers Industries (MYE) Goes Ex-Dividend Soon
Motorcar Parts of America Intends to Nominate Jack Liebau to Stand for Election to Its Board