Relatively High Forward P/E Ratio Detected in Shares of Cash America in the Consumer Finance Industry (CSH, FCFS, CACC, AXP, SLM)
Below are the three companies in the Consumer Finance 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.
Cash America ranks highest with a a forward P/E ratio of 31.50. First Cash Financial Services is next with a a forward P/E ratio of 18.91. Credit Acceptance ranks third highest with a a forward P/E ratio of 12.14.
American Express follows with a a forward P/E ratio of 11.68, and SLM rounds out the top five with a a forward P/E ratio of 10.71.
SmarTrend recommended that subscribers consider buying shares of Cash America on June 8th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $38.93. Since that recommendation, shares of Cash America have risen 10.5%. We continue to monitor Cash America for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest forward p/e ratio cash america first cash financial services credit acceptance american express