Ocean Power Technologies (OPTT)
(Delayed Data from AMEX)
$0.16 USD
0.00 (0.82%)
Updated Oct 15, 2024 04:00 PM ET
After-Market: $0.16 0.00 (-0.06%) 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.
OPTT 0.16 0.00(0.82%)
Will OPTT be a Portfolio Killer in October?
Zacks Investment Research is releasing its prediction for OPTT based on the 1-3 month trading system that more than doubles the S&P 500.
Other News for OPTT
The MicroCap Rodeo Fall Conference to Host Executive Teams of 19 Companies on October 16th in NYC
Ocean Power appoints 3B as authorized service partner
11 Industrials Stocks Moving In Friday's After-Market Session
Ocean Power confirms shipment of Merrows PowerBuoy for Middle East
Ocean Power announces $1.1M preliminary award from NJEDA