One company to watch right now is Shoals Technologies Group (SHLS) . SHLS is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock is trading with a P/E ratio of 14.23, which compares to its industry's average of 15.59. Over the last 12 months, SHLS's Forward P/E has been as high as 17.31 and as low as 7.04, with a median of 10.85. Investors will also notice that SHLS has a PEG ratio of 0.59. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a ...