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Highest Forward P/E Ratio in the Property & Casualty Insurance Industry Detected in Shares of Markel (MKL, MBI, RLI, ERIE, CINF)

By Amy Schwartz

Below are the three companies in the Property & Casualty Insurance 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.

Markel ranks highest with a a forward P/E ratio of 35.35. Following is MBIA with a a forward P/E ratio of 32.52. RLI ranks third highest with a a forward P/E ratio of 29.76.

Erie Indemnity follows with a a forward P/E ratio of 28.35, and Cincinnati Financial rounds out the top five with a a forward P/E ratio of 27.44.

SmarTrend recommended that subscribers consider buying shares of Erie Indemnity on March 30th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $94.11. Since that recommendation, shares of Erie Indemnity have risen 5.4%. We continue to monitor Erie Indemnity for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio markel mbia erie indemnity cincinnati financial

Ticker(s): MKL MBI RLI ERIE CINF