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 are the List of stocks with a PEG Ratio of less than 1:
1. TBO Tek
TBO Tek Limited operates a global travel distribution platform, offering an online technology solution for booking airlines, hotels, car rentals, cruises, insurance, rail services, and more. Its products include flights, hotels, packages, transfers, sightseeing, cargo, and Umrah services, catering to both domestic and international markets.
The PEG ratio of the stock stands at 0.82, and the current market price is Rs. 1,565, which is significantly lower than its 52-week high of Rs. 2,001. This reflects a decline of 22 percent from its 52-week high.
2. Doms Industries
DOMS Industries stands out as a top player in the stationery and art materials scene, crafting and selling a variety of products such as pencils, erasers, crayons, colors, markers, and creative kits. With a strong presence in India and beyond, they cater to students, artists, and professionals under the well-known DOMS brand.
The PEG ratio of the stock stands at 0.51, and the current market price is Rs. 2,497, which is significantly lower than its 52-week high of Rs. 3,115. This reflects a decline of 20 percent from its 52-week high.
3. Jupiter Wagons
Jupiter Wagons Limited manufactures railway wagons, coaches, components, and equipment while also offering containers, electric vehicles, and cold chain solutions. It has diversified into drone delivery and electrical equipment, serving clients like Indian Railways, defense, and logistics firms.
The PEG ratio of the stock stands at 0.46, and the current market price is Rs. 331, which is significantly lower than its 52-week high of Rs. 588. This reflects a decline of 44 percent from its 52-week high.
4. Ceat
CEAT Limited manufactures and sells automotive tyres, tubes, and flaps in India and globally. It offers a wide range of tyres for two-wheelers, passenger cars, commercial vehicles, off-highway vehicles, and tractors, catering to both OEMs and retail customers through dealers, distributors, and online platforms.
The PEG ratio of the stock stands at 0.37, and the current market price is Rs. 3,351, which is lower than its 52-week high of Rs. 4,044. This reflects a decline of 17 percent from its 52-week high.
5. Zen Technologies
Zen Technologies Limited develops and produces sophisticated training simulators and anti-drone systems for use by the military, paramilitary, police, and civilians in India and worldwide. Its products consist of combat simulation systems, digital shooting ranges, driving simulators, and tactical training aids. It provides defense, security, transport, and infrastructure industries with solutions to increase preparedness and safety.
The PEG ratio of the stock stands at 0.13, and the current market price is Rs. 1,491, which is significantly lower than its 52-week high of Rs. 2,627. This reflects a decline of 43 percent from its 52-week high.
Written by Satyajeet Mukherjee
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