FedNat Co PEG
What is the PEG of FedNat Co?
The PEG of FedNat Holding Co is 0.33
What is the definition of PEG?
Price/earnings to growth (PEG) ratio is a stock’s P/E ratio divided by a predicted growth rate of its earnings for a time period of 5 years.
= forward PE / 5-year EPS growth rate
The PEG ratio is calculated by dividing the P/E ratio by the company's expected earnings growth rate in the next 5 years. Since using just the P/E ratio would make high-growth companies appear overvalued relative to others, the PEG ratio is considered to be a convenient approximation. PEG is a widely employed indicator of a stock's possible true value.
Similar to P/E ratios, a lower PEG means that the stock is undervalued more. It is favored by many over the price/earnings ratio because it also accounts for growth. The PEG ratio of 1 is sometimes said to represent a fair trade-off between the values of cost and the values of growth, indicating that a stock is reasonably valued given the expected growth. A crude analysis suggests that companies with PEG values between 0 and 1 may provide higher returns. A PEG Ratio can also be a negative number if a stock's present income figure is negative, (negative earnings) or if future earnings are expected to drop (negative growth). PEG ratios calculated from negative present earnings are viewed with skepticism as almost meaningless, other than as an indication of high investment risk.
PEG of companies in the Finance sector on NASDAQ compared to FedNat Co
What does FedNat Co do?
FedNat Holding Company is a regional insurance holding company that controls substantially all aspects of the insurance underwriting, distribution and claims processes through its subsidiaries and contractual relationships with independent agents and general agents. The Company, through its wholly owned subsidiaries FedNat Insurance Company, Maison Insurance Company, and Monarch National Insurance Company, is focused on providing homeowners insurance in Florida, Texas, Louisiana, Alabama, South Carolina and Mississippi.
Companies with peg similar to FedNat Co
- Amerigo Resources has PEG of 0.32
- Take-Two Interactive Software has PEG of 0.32
- Central China Real Estate has PEG of 0.32
- Exelixis Inc has PEG of 0.32
- Icon Plc has PEG of 0.33
- Duiba has PEG of 0.33
- FedNat Co has PEG of 0.33
- Take-Two Interactive Software has PEG of 0.33
- Southwest Airlines Co has PEG of 0.34
- Enerpac Tool Corp has PEG of 0.34
- Postal Savings Bank of China Co has PEG of 0.34
- Smiths Plc has PEG of 0.34
- Kier Plc has PEG of 0.34