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Highest Forward P/E Ratio in the Steel Industry Detected in Shares of Suncoke Energy I (SXC, HAYN, CRS, ATI, WOR)

By Shiri Gupta

Below are the three companies in the Steel 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.

Suncoke Energy I ranks highest with a a forward P/E ratio of 27.67. Following is Haynes Intl Inc with a a forward P/E ratio of 13.35. Carpenter Tech ranks third highest with a a forward P/E ratio of 12.80.

Allegheny Tech follows with a a forward P/E ratio of 12.12, and Worthington Inds rounds out the top five with a a forward P/E ratio of 11.52.

SmarTrend recommended that subscribers consider buying shares of Worthington Inds on June 18th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $37.52. Since that recommendation, shares of Worthington Inds have risen 3.6%. We continue to monitor Worthington Inds for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio suncoke energy i haynes intl inc carpenter tech allegheny tech worthington inds