Acuity Brands is Among the Companies in the Electrical Components & Equipment Industry With the Highest P/E Ratio (AYI, VICR, LYTS, PLPC, ST)
Below are the three companies in the Electrical Components & Equipment industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.
Acuity Brands ranks highest with a a P/E ratio of 50.03. Following is Vicor with a a P/E ratio of 34.12. LSI Industries ranks third highest with a a P/E ratio of 32.28.
Preformed Line Products follows with a a P/E ratio of 30.43, and Sensata Technologies rounds out the top five with a a P/E ratio of 28.91.
SmarTrend recommended that subscribers consider buying shares of Preformed Line Products on July 14th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $42.37. Since that recommendation, shares of Preformed Line Products have risen 5.5%. We continue to monitor Preformed Line Products for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest p/e ratio acuity brands vicor lsi industries preformed line products sensata technologies