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Crocs Inc is Among the Companies in the Footwear Industry With the Highest Forward P/E Ratio (CROX, NKE, DECK, SKX, SHOO)

By Nick Russo

Below are the three companies in the Footwear industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

Crocs Inc ranks highest with a a forward P/E ratio of 35.17. Nike Inc -Cl B is next with a a forward P/E ratio of 32.35. Deckers Outdoor ranks third highest with a a forward P/E ratio of 23.86.

Skechers Usa-A follows with a a forward P/E ratio of 13.08, and Steven Madden rounds out the top five with a a forward P/E ratio of 11.03.

SmarTrend recommended that subscribers consider buying shares of Steven Madden on January 7th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $31.37. Since that recommendation, shares of Steven Madden have risen 4.0%. We continue to monitor Steven Madden for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio crocs inc nike inc -cl b deckers outdoor skechers usa-a steven madden