Lowest Forward P/E Ratio in the Industrial Machinery Industry Detected in Shares of Xerium Technologies (XRM, FSTR, CMCO, NNBR, FLOW)
Below are the three companies in the Industrial Machinery 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.
Xerium Technologies ranks lowest with a a forward P/E ratio of 5.30. LB Foster is next with a a forward P/E ratio of 6.88. Columbus McKinnon ranks third lowest with a a forward P/E ratio of 7.51.
NN, Inc follows with a a forward P/E ratio of 9.63, and Flow International rounds out the bottom five with a a forward P/E ratio of 10.63.
SmarTrend recommended that subscribers consider buying shares of Xerium Technologies on May 6th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $5.94. Since that recommendation, shares of Xerium Technologies have risen 43.2%. We continue to monitor Xerium Technologies for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest forward p/e ratio xerium technologies lb foster columbus mckinnon nn inc flow international