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Fox Factory Hold is Among the Companies in the Auto Parts & Equipment Industry With the Highest Forward P/E Ratio (FOXF, THRM, GNTX, DORM, SMP)

By James Quinn

Below are the three companies in the Auto Parts & Equipment 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.

Fox Factory Hold ranks highest with a a forward P/E ratio of 32.90. Gentherm Inc is next with a a forward P/E ratio of 18.19. Gentex Corp ranks third highest with a a forward P/E ratio of 16.88.

Dorman Products follows with a a forward P/E ratio of 16.75, and Standard Motor rounds out the top five with a a forward P/E ratio of 14.35.

SmarTrend recommended that subscribers consider buying shares of Gentex Corp on October 21st, 2019 as our technology indicated a new Uptrend was in progress when shares hit $27.88. Since that recommendation, shares of Gentex Corp have risen 9.7%. We continue to monitor Gentex Corp for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio fox factory hold gentherm inc gentex corp dorman products standard motor

Ticker(s): FOXF THRM GNTX DORM SMP