Thanks Dubspec for your cited article.
As I said the PEG method is only suitable for growth stocks with growth rate => 20%p.a., the examples of banks and TLS with slow growth in Motley Fool's article are not really suitable for using PEG.
Another well-known rule for valuation of a growth rate=0 stock is that its PE should be ~10x. Say TLS for a long period in the past its EPS always close to 30c per share. Thus its PE should close to 10 (that's why its price would tumbled from sky to ~$2.60). If we apply this growth rate =0 case to PEG, then we have PEG=10/0=infinity. Obviously this is absurd.
Nice Chart !, page-89
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