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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 33.94. Following is Nike Inc -Cl B with a a forward P/E ratio of 30.20. Deckers Outdoor ranks third highest with a a forward P/E ratio of 22.92.

Skechers Usa-A follows with a a forward P/E ratio of 12.45, and Steven Madden rounds out the top five with a a forward P/E ratio of 10.11.

SmarTrend recommended that subscribers consider buying shares of Crocs Inc on July 15th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $22.31. Since that recommendation, shares of Crocs Inc have risen 9.7%. We continue to monitor Crocs Inc 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