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- Title
PEG Investing Strategy: A Revisit.
- Authors
Schatzberg, John D.; Vora, Gautam
- Abstract
The favorite investment strategies used by both individual investors and professional money managers include those that are based on the PE and PEG ratios. While much popular as well as academic attention has been bestowed upon the former, the sole previous research documents the extraordinary performance of a PEG-based investment strategy for growth stocks during the 1980s. Here we examine the robustness of this anomalous finding to an expanded sample during a subsequent period. Our findings suggest that PEG investing remains a profitable investment strategy, and that it extends its reach beyond the domain of growth stocks. Additionally, we document a risk profile for PEG-based strategies that is likely to be counterintuitive for most value investors.
- Subjects
PEG (Electronic computer system); GROWTH funds; STRATEGIC planning; INVESTMENT policy; GROWTH stocks; INVESTORS
- Publication
Quarterly Journal of Finance & Accounting, 2009, Vol 48, Issue 2, p5
- ISSN
1939-8123
- Publication type
Article