A strong performer from today's evening trading session is Pinduoduo, whose shares rose 2.0% to $141.73 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.
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PDD Holdings Inc., a multinational commerce group, owns and operates a portfolio of businesses. The company belongs to the Consumer Discretionary sector, which has an average price to earnings (P/E) ratio of None and an average price to book (P/B) ratio of None. In contrast, Pinduoduo has a trailing 12 month P/E ratio of 36.6 and a P/B ratio of 1.33.
Pinduoduo's PEG ratio is 46.54, 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.
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