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Relatively High Forward P/E Ratio Detected in Shares of Altisource Port in the Real Estate Services Industry (ASPS, MMI, JLL, RMAX, RLGY)

By David Diaz

Below are the three companies in the Real Estate Services 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.

Altisource Port ranks highest with a a forward P/E ratio of 17.22. Marcus & Millich is next with a a forward P/E ratio of 16.38. Jones Lang Lasal ranks third highest with a a forward P/E ratio of 12.12.

Re/Max Holdings follows with a a forward P/E ratio of 10.94, and Realogy Holdings rounds out the top five with a a forward P/E ratio of 2.63.

SmarTrend recommended that its subscribers protect gains by selling shares of Realogy Holdings on January 24th, 2019 by issuing a Downtrend alert when the shares were trading at $16.35. Since that call, shares of Realogy Holdings have fallen 63.0%. 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 altisource port marcus & millich jones lang lasal re/max holdings realogy holdings

Ticker(s): ASPS MMI JLL RMAX RLGY