PEG Ratio indicates potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate.Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates future growth of a firm. The low PEG ratio usually implies that equity instrument is undervalued; where as PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
Generally speaking, PEG ratio is a 'quick and dirty' way to measure how the current price of a firm's stock relates to its earnings and growth rate. The main benefit of using PEG ratio is that investors can compare the relative valuations of companies within different industries without analyzing their P/E ratios.
JC Penney Price to Earnings To Growth Assessment
Based on latest financial disclosure the price to earnings to growth indicator of J C Penney Company Inc is roughly 0.2 times. This is 74.36% lower than that of Services sector, and 106.35% lower than that of Department Stores industry, The Price to Earnings To Growth for all stocks is 41.18% higher than the company.
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JC Penney is rated below average in price to earnings to growth category among related companies.
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