4 stocks from different sectors with right PEG ratio for long-term wealth creation

Synopsis

One of the reasons why looking only at Price earning (PE) ratio leads to wrong decisions, is that by the time PE gets adjusted to newly announced earnings per share (EPS), it is too late. Especially in the case of commodity stocks, PE ratio is probably the last thing to look at as it creates a mirage of value.

PE ratio is one of the most overused and misused ratios, despite th,is it is used by all and sundry to justify their valuations and create a mirage of value. Right from investor presentations to research reports, one finds its mention everywhere. The reason it is an easy narrative that has been going in the market for ages is that it lower the PE, cheaper the stock. Given the huge difference in what is value and what looks cheap due to one
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