RNNEX
Price:
$77.95
Market Cap:
$49.95B
The American Funds The New Economy Fund Class R-2E primarily seeks capital appreciation by investing in common equities. Its investment adviser identifies companies deemed to have robust growth prospects. Specifically, the fund targets firms poised to capitalize on innovation, leverage emerging technologies, or offer solutions that address the evolving demands of the global economy. A significant portion, up to 50% of its total assets, may be allocated to international issuers, encompassing those in developing nations.
Industry
Asset Management
IPO Date
2014-08-29
Stock Exchange
NASDAQ
Ticker
RNNEX
According to American Funds The New Economy Fund Class R-2E’s latest financial reports and current stock price. The company's current PE Ratio is 32.77. This represents a change of Infinity% compared to the average of 0 of the last 4 quarters.
The mean historical PE Ratio of American Funds The New Economy Fund Class R-2E over the last ten years is 0. The current 32.77 PE Ratio has changed Infinity% with respect to the historical average. Over the past ten years (40 quarters), RNNEX's PE Ratio was at its highest in in the March 2014 quarter at 0. The PE Ratio was at its lowest in in the March 2014 quarter at 0.
Average
0
Median
0
Minimum
0
Maximum
0
Discovering the peaks and valleys of American Funds The New Economy Fund Class R-2E PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 0%
Maximum Annual PE Ratio = 0
Minimum Annual Increase = 0%
Minimum Annual PE Ratio = 0
| Year | PE Ratio | Change |
|---|---|---|
| 2023 | 0 | 0% |
| 2022 | 0 | 0% |
| 2021 | 0 | 0% |
| 2020 | 0 | 0% |
| 2019 | 0 | 0% |
| 2018 | 0 | 0% |
| 2017 | 0 | 0% |
| 2016 | 0 | 0% |
| 2015 | 0 | 0% |
| 2014 | 0 | 0% |
The current PE Ratio of American Funds The New Economy Fund Class R-2E (RNNEX) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
0
5-year avg
0
10-year avg
0
American Funds The New Economy Fund Class R-2E’s PE Ratio is greater than American Funds New Economy Fund Cl F-1 Shs (0), greater than T. Rowe Price Capital Appreciation Fund I Class (0), greater than Putnam Large Cap Value Fund Class A (0), greater than T. Rowe Price Capital Appreciation Fund Advisor Class (0), greater than American Funds 2045 Target Date Retirement Fd Cl F-1 (0), greater than American Funds 2045 Trgt Date Retire A (0), greater than American Funds 2045 Target Date Retirement Fund Class R-2 (0), greater than T. Rowe Price Large-Cap Growth Fund I Class (0), greater than American Funds 2050 Target Date Retirment Fd Cl F-1 (0), greater than American Funds 2050 Target Date Retirement Fund Class R-6 (0),
| Company | PE Ratio | Market cap |
|---|---|---|
| 0 | $50.19B | |
| 0 | $37.98B | |
| 0 | $50.69B | |
| 0 | $37.22B | |
| 0 | $47.47B | |
| 0 | $48.23B | |
| 0 | $48.23B | |
| 0 | $36.75B | |
| 0 | $42.87B | |
| 0 | $42.86B |
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What is American Funds The New Economy Fund Class R-2E's PE Ratio?
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How does the current PE Ratio for American Funds The New Economy Fund Class R-2E (RNNEX) compare to its historical average?