How expensive a stock is relative to its growth rate
The price/earnings to growth ratio (PEG ratio) is a stock's price-to-earnings (P/E) ratio divided by the growth rate of its earnings for a specified time period.
The PEG ratio tells you how expensive a stock is relative to its growth rate
Traditionally, a PEG ratio of 1 was considered fairly valued, and more than 1 being overvalued. A ratio between 0.5 and less than 1 is considered good, meaning the stock may be undervalued given its growth profile. A ratio less than 0.5 is considered to be excellent.
Famous fund manager Peter Lynch helped popularize the PEG metric, arguing in his book One Up on Wall Street. A PEG ratio of less than 1 is a good indicator that a stock will outperform over the next few years.
PEG Ratio for Planify is 0.01 which gives a strong signal to invest in the stock.
We have limited stocks left for Planify. Investors who are looking to invest can book.
Min. Lot Size - 500 Shares
Price - ₹ 92/share.