In the current session, the stock is trading at $66.75, after a 0.15% spike. Over the past month, Public Service Enterprise Inc. (NYSE:PEG) stock increased by 7.00%, and in the past year, by 6.92%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.
Evaluating Public Service Enterprise P/E in Comparison to Its Peers
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical ...