Tortoise Midstream Energy Fund, (Tortoise Midstream Energy Fund,) PEG Ratio : N/A (As of Apr. 29, 2024)

Tortoise Midstream Energy Fund, PEG Ratio Chart

Tortoise Midstream Energy Fund, Semi-Annual Data
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Competitive Comparison of Tortoise Midstream Energy Fund,'s PEG Ratio

For the Asset Management subindustry, Tortoise Midstream Energy Fund,'s PEG Ratio, along with its competitors' market caps and PEG Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tortoise Midstream Energy Fund,'s PEG Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Midstream Energy Fund,'s PEG Ratio distribution charts can be found below:

* The bar in red indicates where Tortoise Midstream Energy Fund,'s PEG Ratio falls into.

Tortoise Midstream Energy Fund, PEG Ratio Calculation

PEG Ratio is defined as the PE Ratio without NRI divided by the growth ratio. The ratio we use is the 5-Year Book Value growth rate.

Tortoise Midstream Energy Fund,'s PEG Ratio for today is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Note: The 5-Year Book Value Growth Rate is the 5-year average Book Value per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.

Tortoise Midstream Energy Fund,  (NYSE:NTG) PEG Ratio Explanation

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the P/E ratio divided by the growth ratio. He thinks a company with a P/E ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a P/E of 20, instead of a company growing 10% a year with a P/E of 10.

Tortoise Midstream Energy Fund, PEG Ratio Related Terms

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Tortoise Midstream Energy Fund, (Tortoise Midstream Energy Fund,) Business Description