There are some terms like PGEL which are commonly applied while commenting on a stock. May be some of us do not catch up with such terms. I would like to spell out on this
PGEL (Profit Growing Efficiency Level)
ROCE or ROE (Return on Capital Employed).
In actuality, these are one are the same thing and are indicative of the financial viability of a stock. Higher the PGEL, stronger the stock in terms of financial. In other words and more specific, a company which has trailing PGEL of 15% or more does not need to go over to the lender when it goes in for product addition or diversification. It has the strong affordability level to meet such financial requirements from within its in built reserves / accruals.
May you always be the partner to plenty of growth.