Interactive Brokers is Among the Companies in the Investment Banking & Brokerage Industry With the Highest Forward P/E Ratio (IBKR, GFIG, SCHW, ITG, ETFC)
Below are the three companies in the Investment Banking & Brokerage 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.
Interactive Brokers ranks highest with a a forward P/E ratio of 23.57. GFI Group is next with a a forward P/E ratio of 21.96. Charles Schwab ranks third highest with a a forward P/E ratio of 20.12.
Investment Technology Group follows with a a forward P/E ratio of 15.80, and E*Trade Financial rounds out the top five with a a forward P/E ratio of 15.80.
SmarTrend recommended that its subscribers protect gains by selling shares of E*Trade Financial on June 13th, 2016 by issuing a Downtrend alert when the shares were trading at $25.68. Since that call, shares of E*Trade Financial have fallen 4.8%. 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 interactive brokers gfi group Charles Schwab investment technology group e*trade financial