A company has a P/E ratio of 15 and an expected annual earnings growth rate of 10%. Calculate the PEG ratio. Discuss the significance of the PEG ratio in evaluating the valuation of a company. Analyze how the PEG ratio can provide insights into whether a stock is overvalued or undervalued relative to its growth potential. Consider the limitations of the PEG ratio, such as its reliance on accurate earnings growth projections and its applicability to companies with varying growth rates. Discuss the strategic importance of using the PEG ratio in investment decision-making, particularly in comparing growth stocks with different P/E ratios and growth rates. Explain how the PEG ratio can be used alongside other valuation metrics to form a comprehensive view of a company's investment potential.