Hi
I am trying to calculate the PEG valule of marico
PE. 25.27
Reported Net Profit
2009=142.1
2008= 143.41
Forward Earnings Growth rate
((142.10-143.41)/143.41)*100= -0.91
PEG =25.27/-0.91 = -27.66
Am i doing something wrong. do i need to take absolute value of Forward Earnings Growth rate..??
what does this -ve peg value indicate.. As per my understanding a PEG value of 0.0 - 0.5 is a good buy stock.
Please help me to understand
vinu
I am trying to calculate the PEG valule of marico
PE. 25.27
Reported Net Profit
2009=142.1
2008= 143.41
Forward Earnings Growth rate
((142.10-143.41)/143.41)*100= -0.91
PEG =25.27/-0.91 = -27.66
Am i doing something wrong. do i need to take absolute value of Forward Earnings Growth rate..??
what does this -ve peg value indicate.. As per my understanding a PEG value of 0.0 - 0.5 is a good buy stock.
Please help me to understand
vinu