PEG Ratio


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Hi

How can I plot PEG ratio in thinkorswim watchlist column? 

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Posted by (Questions: 1, Answers: 1)
Asked on March 31, 2021 3:43 pm
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Private answer

First we need a clear definition of what the PEG ratio is and how it is computed:

https://www.investopedia.com/terms/p/pegratio.asp

From this we find that we need the earnings per share and the analyst's expected earnings growth rate.

Here is a full list of language elements that allow us to display fundamental data for individual stocks:

https://toslc.thinkorswim.com/center/reference/thinkScript/Functions/Stock-Fundamentals

From the list of available metrics we find earnings per share but there is nothing in this list that shows analyst's expected earnings growth. To be clear, earnings per share is historical in nature. While analyst's expected earnings growth has no historical context because it is always based a projection that is based on analyst's expectations. There are numerous sources for this data and Thinkorswim does not provide access to any of them from within the language of Thinkorswim.

In the current version of Thinkorswim we do not have any way to compute the PEG ratio. This sort of metric would need to be hard coded into the platform by the developers of Thinkorswim. So if this is something you feel is very important to making trading decisions I suggest users submit a feature request to TD Ameritrade support requesting this metric be added as a built-in column that can be added to the watchlist.

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Posted by (Questions: 37, Answers: 4118)
Answered on March 31, 2021 4:22 pm
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Hi Pete thank you for detail explanation. I will submit a feature request in TD Ameritrade. I noticed that tdameritrade.com website has PEG info for stock but there is no way to pull it in TOS.
( at April 1, 2021 10:26 am)
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Given that I suspect we have good reason to expect they will be able to add this to Thinkorswim.
( at April 1, 2021 12:15 pm)