A strong performer from today's morning trading session is The Trade Desk, whose shares rose 6.88% to $58.88 per share. For those of you thinking about investing in the stock, here is a brief value analysis of the stock using the company's basic fundamental ratios.
Trade Desk, Inc. is a technology company in the United States and internationally. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 27.16 and an average price to book (P/B) ratio of 6.23. In contrast, The Trade Desk has a trailing 12 month P/E ratio of 535.27 and a P/B ratio of 13.03.
The Trade Desk's PEG ratio is 1.83, which shows that the stock is probably overvalued in terms of its estimated growth. For reference, a PEG ratio near or below 1 is a potential signal that a company is undervalued.