Eaton Vance Short Duration Muni Opps A (EXMAX) has a PEG ratio of -7.33, below the sector sector average of 10.05.
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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 Short Duration Muni Opps A posts a PEG ratio of -7.33. That is below the sector sector average of 10.05. 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 10.05 is typical. Eaton Vance Short Duration Muni Opps A's -7.33 is lower that level. That is roughly 172.9% below the sector mean. Whether that is a warning or an opportunity depends on growth outlook and other fundamentals shown elsewhere on Stockcircle.
Eaton Vance Short Duration Muni Opps A's PEG ratio of -7.33 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 EXMAX's PEG ratio usually means three checks: (1) trend versus prior periods, (2) level versus peers (average 10.05), and (3) consistency with growth and profitability. This page covers the first two; Eaton Vance Short Duration Muni Opps A's other metric pages and overview cover the third.