Lowest Forward P/E Ratio in the Office Services & Supplies Industry Detected in Shares of Pitney Bowes (PBI, SCS, MLHR, KNL, HNI)
Below are the three companies in the Office Services & Supplies 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.
Pitney Bowes ranks lowest with a a forward P/E ratio of 8.84. Steelcase is next with a a forward P/E ratio of 10.83. Herman Miller ranks third lowest with a a forward P/E ratio of 15.72.
Knoll follows with a a forward P/E ratio of 15.79, and HNI rounds out the bottom five with a a forward P/E ratio of 19.87.
SmarTrend recommended that subscribers consider buying shares of HNI on July 11th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $48.68. Since that recommendation, shares of HNI have risen 10.1%. We continue to monitor HNI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest forward p/e ratio pitney bowes steelcase herman miller knoll