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Top 5 Companies in the Application Software Industry With the Highest PEG Ratio (ZEN, EGHT, RNG, AYX, TYL)

By Shiri Gupta

Below are the three companies in the Application Software industry with the highest 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.

Zendesk Inc ranks highest with a a PEG ratio of 0.32. 8X8 Inc is next with a a PEG ratio of 0.24. Ringcentral In-A ranks third highest with a a PEG ratio of 0.14.

Alteryx Inc follows with a a PEG ratio of 0.07, and Tyler Technolog rounds out the top five with a a PEG ratio of 0.06.

SmarTrend recommended that its subscribers protect gains by selling shares of Tyler Technolog on February 28th, 2020 by issuing a Downtrend alert when the shares were trading at $308.21. Since that call, shares of Tyler Technolog have fallen 8.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest peg ratio zendesk inc 8x8 inc ringcentral in-a :ayx alteryx inc tyler technolog

Ticker(s): ZEN EGHT RNG TYL