Is IDEXX Laboratories, Inc. (IDXX) Undervalued?
Based on the current stock price of $688.48 and a P/E ratio of 54.64,IDEXX Laboratories, Inc. has a PEG ratio of 2.65.
The Short Answer:
Most analysts consider a PEG ratio below 1.0 to be undervalued. With a ratio of 2.65, IDXX appears to be potentially overvalued relative to its growth rate of 20.60%.
Based on a PEG ratio of 2.65 (adjusted for dividends).
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How we analyzed IDXX
We calculated the PEG (Price/Earnings-to-Growth) ratio by taking the Price-to-Earnings Ratio of 54.64and dividing it by the annual growth rate of 20.60%.
PEG = 54.64 (P/E) ÷ 20.60 (Growth) = 2.65
Frequently Asked Questions about IDXX
What is the current PEG Ratio for IDEXX Laboratories, Inc. (IDXX)?+
The current PEG Ratio for IDEXX Laboratories, Inc. is 2.65. A PEG ratio below 1.0 generally suggests the stock may be undervalued relative to its growth.
Is IDXX stock undervalued right now?+
Based on the PEG ratio of 2.65, IDEXX Laboratories, Inc. appears to be potentially overvalued. Investors typically look for a PEG ratio below 1.0 to find undervalued growth stocks.
What is the PEGY Ratio for IDXX?+
The PEGY ratio for IDEXX Laboratories, Inc. is 2.65. This metric accounts for dividend yield (0.00%), providing a more complete valuation picture.