S&P 500 PEG ratio hits 30-year low
NVDA NVIDIA Corp
$239.24 +0.14%
View chart & analysis → - 1The S&P 500 PEG ratio has reached its lowest level in 30 years.
- 2The expected year-over-year earnings growth rate for the S&P 500 in Q3 is 29.5%.
- 3The earnings growth rate forecast for Q4 is 27.6%.
So what's the key point?
The metric used to see how expensive stock prices are relative to earnings has dropped to its lowest point in 30 years. This figure decreased while the expected earnings growth rate stands at 29.5%.
Source Yahoo Finance · View original ↗
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