Lowest Forward P/E Ratio in the Auto Parts & Equipment Industry Detected in Shares of China Automotive Systems (CAAS, AXL, DAN, STRT, MGA)
Below are the three companies in the Auto Parts & Equipment industry with the lowest 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.
China Automotive Systems ranks lowest with a a forward P/E ratio of 3.65. Following is American Axle & Manufacturing with a a forward P/E ratio of 5.24. Dana ranks third lowest with a a forward P/E ratio of 6.77.
Strattec Security follows with a a forward P/E ratio of 6.99, and Magna International rounds out the bottom five with a a forward P/E ratio of 7.64.
SmarTrend is tracking the current trend status for Magna International and will alert subscribers who have MGA in their portfolio or watchlist when shares have changed trend direction.
Keywords: lowest forward p/e ratio china automotive systems American Axle & Manufacturing dana strattec security Magna International