Ping An Insurance Co. of China (PNGAY)
(Delayed Data from OTC)
$8.75 USD
-0.20 (-2.18%)
Updated Jul 23, 2024 01:52 PM ET
2-Buy of 5 2
A Value D Growth C Momentum B 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.
PNGAY 8.75 -0.20(-2.18%)
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Other News for PNGAY
Ping An Again Selected for S&P Global's Sustainability Yearbook (China Edition), the Sole Mainland Insurance Company
PAAMC HK's China Green Bond Fund Awarded ESG Fixed Income Fund of the Year (Asia) for Exceptional Performance
Ping An Asset Management Up to No. 33 in Top 500 Asset Managers 2024
Ping An Receives Five "All-Asia Executive Team 2024" Accolades From Institutional Investor Magazine
Ping An Announces Brand Upgrade of "Ping An Family Doctor"