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Lowest PEG Ratio in the Diversified Chemicals Industry Detected for Penford (PENX, CBT, ASH)

Published on Tue, 02/12/2013 - 11:21
By Robert Cotter

Below are the three companies in the Diversified Chemicals industry with the lowest price to earnings to growth (PEG) ratios. PEG is valuable in assessing the tradeoff between the price of a stock and expected growth. Generally, the lower the PEG, the better.

Penford (NASDAQ:PENX) is lowest with a PEG ratio of 0.81. Penford Corporation develops, manufactures, and markets specialty carbohydrate chemicals for papermaking and specialty food ingredients. The Company operates through its two subsidiaries, Penford Products Co. and Penford Food Ingredients Co. Thus far today, Penford has traded 4,000 shares, vs. average volume of 46,000 shares per day. The stock has outperformed the Dow (1.1% to the Dow's 0.2%) and outperformed the S&P 500 (1.1% to the S&P's 0.1%) during today's trading.

Following is Cabot (NYSE:CBT) with a PEG ratio of 0.93.

Finishing up the bottom three is Ashland (NYSE:ASH), with a PEG ratio of 0.98.

By Robert Cotter
rcotter@fnno.com