The P/E to Growth Ratio

The speaker covers the basics of the price to earnings to growth ratio, or PEG Ratio.  He mentions that with higher earnings growth, a company with a high P/E on next year's earnings might have a much lower P/E ratio on a future year's earnings given that the 'E' would have grown to be much higher then.  In order to normalize earnings growth, the P/E to growth ratio is often used.