• Return to Headlines

Highest Forward P/E Ratio in the Footwear Industry Detected in Shares of Crocs Inc (CROX, NKE, DECK, SKX, SHOO)

By David Diaz

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 31.86. Following is Nike Inc -Cl B with a a forward P/E ratio of 31.19. Deckers Outdoor ranks third highest with a a forward P/E ratio of 24.12.

Skechers Usa-A follows with a a forward P/E ratio of 11.17, and Steven Madden rounds out the top five with a a forward P/E ratio of 10.75.

SmarTrend recommended that its subscribers protect gains by selling shares of Crocs Inc on February 28th, 2019 by issuing a Downtrend alert when the shares were trading at $25.85. Since that call, shares of Crocs Inc have fallen 14.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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