Switch from P/E to PEG

I keep seeing endless posts about this stock and that stock that say “the P/E is 115x which is insane” or something along those lines and it drives me nuts. PEG is just taking the price to earnings and dividing it by the growth rate. You can do it easily on a calculator and it gives a better idea of the companies value compared to its future earnings as opposed to its previous. Wether that’s the right or the wrong way to judge a company is an argument I’m uninterested in having because the market is current