Relatively High Forward P/E Ratio Detected in Shares of Aptargroup in the Metal & Glass Containers Industry (ATR, BLL, GEF, MYE, SLGN)
Below are the three companies in the Metal & Glass Containers 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.
Aptargroup ranks highest with a a forward P/E ratio of 23.27. Following is Ball with a a forward P/E ratio of 21.48. Greif ranks third highest with a a forward P/E ratio of 18.24.
Myers Industries follows with a a forward P/E ratio of 16.53, and Silgan Holdings rounds out the top five with a a forward P/E ratio of 15.77.
SmarTrend recommended that its subscribers protect gains by selling shares of Silgan Holdings on July 28th, 2016 by issuing a Downtrend alert when the shares were trading at $49.72. Since that call, shares of Silgan Holdings have fallen 3.2%. 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 aptargroup ball greif myers industries silgan holdings