Estimate the average and median PE Ratios.

What do these averages tell you?

An Analyst concludes that is because its PE ratio is lower than the industry average under conditions is this true?

Would you agree with it here?

Using the PEG Ratio is the firm undervalued.

What are you about and when you use PEG ratios?

Using a regression for differences across firms on risk, growth and payout.

Specify how you would use this regression to spot under or over valued stocks.

What are the limitations of this approach.