PEG Screen Finds Profit Growth Outpacing Earnings Multiples

The PEG screen is not a buy list. It is a filter, and on 26 October 2026 it caught a set of Indian mid and large caps where trailing profit growth is far above the earnings multiple. The latest PEG screen finds profit growth outpacing earnings multiples across a handful of names. Chennai Petroleum printed a PEG of 0.01. Fedders Holding came in at 0.02. ACME Solar sat at 0.06. Those numbers put the market's pricing of growth under a harsh light. FairStock data as of 2026-10-26 also flags Akzo Nobel India, Piramal Finance, Tata Steel and Waaree Energies. The arithmetic is simple: a PEG below one means the market is paying less per unit of profit growth. When PEG drops under 0.1, the number usually says one of two things. Either earnings are compounding so fast that the P/E looks silly, or the market expects growth to collapse. Investors have to decide which case applies. PEG Screen Flags Cheap Growth in India Chennai Petroleum's 0.01 PEG is extreme. Refining margins have been strong, but investors who remember FY23 know how quickly gross refining margins can mean-revert. If the global crude curve shifts or product cracks weaken, that earnings base can shrink. The PEG is not predictive; it's a valuation artifact. [Chennai Petroleum](/stock/CHENNPETRO) NSE: CHENNPETRO remains a macro call on oil rather than a clean growth story. Fedders Holding at 0.02 and [Ventive](/stock/VENTIVE) NSE: VENTIVE in the same screen raise a different issue. Small-cap holding structures can show dramatic profit growth from low bases or one-time gains. A single asset sale or a revaluation can push trailing EPS higher, compressing the PEG to almost nothing. That does not mean the operating business is generating cash. FairStock users should check operating cash flow before treating a sub-0.1 PEG as cheap. Chennai Petroleum, ACME Solar: Numbers Behind the PEG [ACME Solar](/stock/ACMESOLAR) NSE: ACMESOLAR carries a 0.06 PEG inside a sector that has been repriced globally. Solar module pri...