Looking for possible wealth creators? Keep an eye on the PEG ratio
Adani Enterprises has emerged as the most consistent wealth creator for the second successive time in Indian equities in the last 5 years, showed Motilal Oswal's wealth creation study.
The stock has outperformed the BSE Sensex in all the last 5 years and has the highest price CAGR of 97%. Consistent wealth creators are based on the number of years the stock has outperformed in each of the last 5 years. Where the number of years is the same, the stock price CAGR decides the rank. Take a look at the most consistent wealth in the last 5 years with key indicators.
Synopsis
The issue with the PE ratio is that it creates a problem in terms of buying as well as selling. Because the P/E of a company is high, it often leads to selling wealth creators early, and then regretting or buying them at a point when they are expensive in real terms. Although it has its own limitations, it would still be better to use PEG ratio.
To Read the Full Story, Become an ET Prime Member
Access the exclusive Economic Times stories, Editorial and Expert opinion
Membership Benefits
Access the exclusive Economic Times
Stories, Editorial & Expert opinion
Complete Access with ET Prime
Experience your Economic Times newspaper, The way you've always liked!
Get to know where the market gurus invest & grow your portfolio.
Stock Report Plus
In-depth stock analysis for 4000+ companies
Stock Analyzer
Instant stock analysis based on Solvency, Profitability, Growth, Valuation, Momentum, Risk & More.
Now Available with ET Prime
Manage your money efficiently with this weekly guide.
Clean experience
with minimal ads
Easy & distraction-free reading with 90% less ads
Sharp Insight-rich,
In-depth stories across 20+ sectors
1500+ Exclusive stories & analysis across sectors to help you stay informed
Get One Year Times Prime Subscription worth ₹1199 for free
Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-
Enjoy unlimited access to breaking news and thought provoking stories from all around the world.
Get One Year Docubay Subscription worth ₹999 for free
Stream award-winning international documentaries from more than 100 countries.
Offers By Our Partners
Exclusively for ET Prime Members
Members Love Us
The stalwarts of the industry trust ET Prime for insightful analysis & unbiased thought pieces
Gift a story
Your membership includes Story Gifting Credits. Now gift exclusive stories to your friends & peers.
Comment & Engage
with ET Prime community
Communicate & build a connection with great minds of the industry
A trusted team of
Journalists & Analysts
Unbiased perspective & detailed reporting by our team of journalists who have in-depth knowledge and years of experience