Relatively High Forward P/E Ratio Detected in Shares of Brookfield Infrastructure Partners in the Electric Utilities Industry (BIP, MGEE, WR, POM, EDE)
Below are the three companies in the Electric Utilities 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.
Brookfield Infrastructure Partners ranks highest with a a forward P/E ratio of 31.28. MGE Energy is next with a a forward P/E ratio of 24.15. Westar Energy ranks third highest with a a forward P/E ratio of 23.00.
Pepco Holdings follows with a a forward P/E ratio of 22.84, and Empire District Electric rounds out the top five with a a forward P/E ratio of 22.64.
SmarTrend recommended that subscribers consider buying shares of Empire District Electric on December 11th, 2015 as our technology indicated a new Uptrend was in progress when shares hit $24.78. Since that recommendation, shares of Empire District Electric have risen 37.2%. We continue to monitor Empire District Electric for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest forward p/e ratio brookfield infrastructure partners mge energy westar energy pepco holdings empire district electric