• Return to Headlines

Relatively High Forward P/E Ratio Detected in Shares of Graham Corp in the Industrial Machinery Industry (GHM, PRLB, CLC, ROLL, GTLS)

By David Diaz

Below are the three companies in the Industrial Machinery 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.

Graham Corp ranks highest with a a forward P/E ratio of 36.27. Proto Labs Inc is next with a a forward P/E ratio of 35.09. Clarcor Inc ranks third highest with a a forward P/E ratio of 30.02.

Rbc Bearings Inc follows with a a forward P/E ratio of 28.06, and Chart Industries rounds out the top five with a a forward P/E ratio of 27.07.

SmarTrend recommended that subscribers consider buying shares of Chart Industries on December 28th, 2018 as our technology indicated a new Uptrend was in progress when shares hit $64.61. Since that recommendation, shares of Chart Industries have risen 7.9%. We continue to monitor Chart Industries for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio graham corp proto labs inc :clc clarcor inc rbc bearings inc chart industries