Eaton Vance Enhanced Equity Income Fund (EOI) has a PEG ratio of 163.98, above the sector sector average of 6.6.
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The PEG ratio measures a stock's valuation relative to its earnings growth rate. A PEG ratio below 1.0 may indicate that the stock is undervalued relative to its growth potential.
Eaton Vance Enhanced Equity Income Fund posts a PEG ratio of 163.98. That is above the sector sector average of 6.6. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.
For its sector stocks, a PEG ratio near 6.6 is typical. Eaton Vance Enhanced Equity Income Fund's 163.98 is higher that level. That is roughly 2383.8% above the sector mean. Whether that is a warning or an opportunity depends on growth outlook and other fundamentals shown elsewhere on Stockcircle.
Eaton Vance Enhanced Equity Income Fund's PEG ratio of 163.98 comes from dividing a price-based measure by a related financial statistic. Changes can come from the stock price moving, the underlying fundamental shifting, or both. Track both the level and the trend — a rising multiple on falling fundamentals is a different story than a rising multiple on rising earnings.
Context for EOI's PEG ratio usually means three checks: (1) trend versus prior periods, (2) level versus peers (average 6.6), and (3) consistency with growth and profitability. This page covers the first two; Eaton Vance Enhanced Equity Income Fund's other metric pages and overview cover the third.