Atwood Oceanics PEG
What is the PEG of Atwood Oceanics?
The PEG of Atwood Oceanics, Inc. is 0.32
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 Miscellaneous sector on NYSE compared to Atwood Oceanics
What does Atwood Oceanics do?
Atwood Oceanics, Inc., an offshore drilling contractor, engages in the drilling and completion of exploratory and developmental oil and gas wells. As of November 11, 2016, it owned a fleet of 10 mobile offshore drilling units. The company operates its fleet in the United States, Gulf of Mexico, the Mediterranean Sea, offshore West Africa, offshore Southeast Asia, and offshore Australia. Atwood Oceanics, Inc. was founded in 1968 and is headquartered in Houston, Texas.
Companies with peg similar to Atwood Oceanics
- Covestro AG has PEG of 0.31
- Albemarle has PEG of 0.32
- Comerica has PEG of 0.32
- Albemarle has PEG of 0.32
- AGF Management has PEG of 0.32
- Amerigo Resources has PEG of 0.32
- Atwood Oceanics has PEG of 0.32
- BAIC Motor has PEG of 0.32
- Amerigo Resources has PEG of 0.32
- Central China Real Estate has PEG of 0.32
- Take-Two Interactive Software has PEG of 0.32
- Exelixis Inc has PEG of 0.32
- Icon Plc has PEG of 0.33