Highest Forward P/E Ratio in the General Merchandise Stores Industry Detected in Shares of Fred's (FRED, DLTR, DG, TUES, BIG)
Below are the three companies in the General Merchandise Stores 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.
Fred's ranks highest with a a forward P/E ratio of 23.35. Dollar Tree is next with a a forward P/E ratio of 21.52. Dollar General ranks third highest with a a forward P/E ratio of 15.85.
Tuesday Morning follows with a a forward P/E ratio of 15.77, and Big Lots rounds out the top five with a a forward P/E ratio of 13.60.
SmarTrend recommended that its subscribers protect gains by selling shares of Fred's on August 4th, 2016 by issuing a Downtrend alert when the shares were trading at $14.03. Since that call, shares of Fred's have fallen 29.5%. 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 fred's Dollar Tree Dollar General tuesday morning big lots