peg model

peg model

[′peg ‚mäd·əl]
(geology)
Three-dimensional model used to illustrate and study stratigraphic and structural conditions of subsurface geology; consists of a flat platform onto which vertical pegs of varying heights are mounted to represent the contours of various strata.
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183, 206-207) we estimate COEC using four models: Two implementations of the Ohlson (1995) residual income valuation model (hereafter RIV model), the Ohlson and Juettner-Nauroth (2005) model (hereafter OJ model), and the PEG model (a specific form of the OJ model).
11) As noted by Gode and Mohanram (2003), empirical implementation of the PEG model (Easton 2004) and the Ohlson-Juettner model (Ohlson and Juettner-Nauroth 2005) requires this condition.
PEG is the implied required rate of return on equity capital from the PEG model.
However, both the PEG model and analysts' projections of long-term earnings growth explain analysts' stock recommendations.
The overall tenor of the results is that analysts give the highest recommendations to growth stocks, and among growth stocks, analysts give the highest recommendations to those where the value of growth estimated by the PEG model exceeds current price.
In an effort to mimic the analysts' unobservable valuations, I construct value estimates based on two specifications of the residual income model and one specification of the PEG model.
Thus, despite the heuristic nature of the PEG model, results in Tables 4 and 5 suggesting that analysts' reliance on PEG valuations as a basis for their recommendations appears to be a reasonable approach.
r in Equations (5) and (7)), there is no such inclusion in the PEG model.
However, valuation estimates based on the PEG model are positively related to recommendations.
PEG model indicates much higher valuation, but may be too optimistic, particularly with interest rates rising.
Figure 5 shows an integrated and robust cost system that includes PEG models at the MILDEPs and others level linked to a corporate model that will reside at DSCA