Sub-1 PEG Screen: CPCL, Akzo Nobel, Tata Steel

A FairStock screen for PEG below 1.0, run in late April 2026, pulls up six names: Chennai Petroleum, ACME Solar, Akzo Nobel India, Tata Steel, Waaree Energies and Ventive Hospitality. The filter is simple. A stock's price-to-earnings ratio divided by its expected earnings growth has to come in under 1.0. In plain terms, the market is paying less than one rupee of multiple for every rupee of expected profit growth. I read that as a list of questions, not answers. Cheap growth usually has a crack somewhere. [Chennai Petroleum](/stock/CHENNPETRO) (NSE: CHENNPETRO) trades near 8.6 times trailing earnings while consensus FY27 EPS growth sits around 14%, which gives a PEG of 0.61. That sounds like a gift until you trace the earnings to Singapore refining margins and the discount on Russian crude. A $2 per barrel swing in gross refining margin can move CPCL's annual profit by a third. [Akzo Nobel India](/stock/AKZOINDIA) (NSE: AKZOINDIA) carries a 31 P/E with 40% projected profit growth, a PEG of 0.78. The catch is the base effect from a cyclical trough in decorative paints. [Tata Steel](/stock/TATASTEEL) (NSE: TATASTEEL) trades near 11 times earnings with 15% expected EPS growth. Its PEG of 0.73 depends on steel prices in India holding while Europe drags. The Sub-1 PEG Screen: What the Filter Shows [ACME Solar](/stock/ACMESOLAR) (NSE: ACMESOLAR) and [Waaree Energies](/stock/WAAREEENER) (NSE: WAAREEENER) are different beasts. ACME's sales growth above 60% looks attractive, but the low PEG is partly a function of project debt and interest-rate assumptions. If Indian bond yields rise 50 basis points, the equity value of a debt-heavy renewable developer compresses fast. Waaree's module expansion is racing against Chinese oversupply. A low PEG in solar hardware often marks peak margin expectations, not a floor. [Ventive Hospitality](/stock/VENTIVE) (NSE: VENTIVE) appears with a PEG near 0.66, but the low base from a post-IPO year is doing the work. The dispersion across re...