P/E Ratio Insights for Public Service Enterprise
Portfolio Pulse from Benzinga Insights
Public Service Enterprise Inc. (NYSE:PEG) shares are trading at $73.08, down 0.49% in the current session. Over the past month, the stock decreased by 0.34%, but increased by 18.67% over the past year. The company's P/E ratio of 20.34 is lower than the Multi-Utilities industry average of 22.37, suggesting it might be undervalued or expected to perform worse than its peers.
June 11, 2024 | 5:30 pm
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Public Service Enterprise Inc. (NYSE:PEG) shares are trading at $73.08, down 0.49% today. The company's P/E ratio of 20.34 is lower than the industry average of 22.37, which could indicate that the stock is undervalued or expected to underperform its peers.
The P/E ratio of PEG is lower than the industry average, which could suggest that the stock is undervalued or that investors expect it to underperform. The short-term impact on the stock price is neutral as the P/E ratio alone is not a definitive indicator of future performance.
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