PE, is an old measurement metric. PE accounts for the most recent earnings quarter and gives you present earnings/price. For example, you could have an ancient firm like Peabody Energy, ticker BTU. They mine a very old commodity, coal. They're never achieve a knockout quarter but do deliver steady income quarter after boring quarter. PE is under 2. Future earnings show no growth and perhaps a retraction.
PEG is a more relevant metric. It takes into account Price to Earning GROWTH by looking to the future. It more accurately reveals the true value of a company. For example NVDA is in several areas of high CAGR and it has revolutionary products and growth potential. It's PE is over 200. However, the rapid growth rate warrants the high PE because of consistent upward looking future earnings. The PEG ratio however may be around 40 because of rapid growth.
LWLG obviously belongs with firms like NVDA with a very high PE ratio. Can't wait to see how high it gets!
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