Joseph Wang Financial - What is the PEG and what is its utility

The PEG is calculated by dividing the PER of the enterprise to the rate of growth in earnings per share (EPS) .
For example, if a company has a PER of 40 and its EPS grows by 20% PEG is 2 (40/20 = 2).
The PEG is commonly used with growth companies . Such companies are characterized by their profits grow at rates higher than normal.

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