The PEG ratio (Price/Earnings-to-Growth ratio) is a stock valuation tool that helps to determine whether a stock is fairly priced by considering both its current price-to-earnings (P/E) ratio and its expected earnings growth. The formula for the PEG ratio is = P/E Ratio / Expected Earnings Growth Rate. A lower PEG may indicate that a stock is undervalued. This ratio is widely used by Peter Lynch.
Here is the List of stocks with a PEG Ratio of less than 1
Welspun Corp
Welspun Corp Limited, headquartered in Mumbai, India, is one of the largest manufacturers of large-diameter pipes globally. The company also manufactures BIS-certified Steel Billets, TMT Rebars, Ductile Iron Pipes, Stainless Steel Pipes, Tubes, and Bars. It also acquired Sintex-BAPL, a market leader in water tanks and other plastic products.
The PEG ratio of the stock stands at 0.37, and the current market price is Rs. 902, which is lower than its 52-week high of Rs. 994. This reflects a decline of 9 percent from its 52-week high.
Aadhar Housing Finance
Aadhar Housing Finance Limited is a housing finance company that provides loans for buying a new house, construction, renovation, and extension. In addition, it offers loans for commercial properties and gives loans against residential assets. The company offers financial services related to properties to individuals, businesses, societies, and associations through the delivery of a variety of property-related financial services.
The PEG ratio of the stock stands at 0.91, and the current market price is Rs. 540, which is lower than its 52-week high of Rs. 546.05. This reflects a decline of 1 percent from its 52-week high.
Nuvama Wealth Management
Nuvama Wealth Management Limited is all about wealth management, asset management, and capital markets. They provide a range of services, including debt advisory, clearing, portfolio management, and investment advisory. Additionally, the company is involved in institutional broking, distributing financial products, lending against securities, and managing alternative investment funds.
The PEG ratio of the stock stands at 0.43, and the current market price is Rs. 6,411, which is lower than its 52-week high of Rs. 8,508.50. This reflects a decline of 25 percent from its 52-week high.
Himadri Speciality Chemical
Himadri Speciality Chemical Limited manufactures and exports carbon-based chemicals and materials both within India and internationally. It primarily operates in two segments: power and carbon materials & chemicals. Its products comprise carbon black, coal tar pitch, specialty oils, tire, plastic, ink, and coating products. Himadri’s products find application in lithium-ion battery, paint, construction, defence, agriculture, and aluminum production industries.
The PEG ratio of the stock stands at 0.34, and the current market price is Rs. 467.80, which is lower than its 52-week high of Rs. 681.25. This reflects a decline of 31 percent from its 52-week high.
PNB Housing Finance
PNB Housing Finance Ltd is a prominent housing finance company in India, providing a variety of home loan and property financing options. They cater to both individuals and businesses, offering loans for purchasing, constructing, repairing, or upgrading residential and commercial properties. Additionally, the company provides plot loans, NRI loans, loans against property, lease rental discounting, and funding for real estate developers, along with home loan and fixed deposit products.
The PEG ratio of the stock stands at 0.33, and the current market price is Rs. 871, which is lower than its 52-week high of Rs. 1,141.90. This reflects a decline of 24 percent from its 52-week high.
Written by Satyajeet Mukherjee
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