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Relatively High Forward P/E Ratio Detected in Shares of La-Z-Boy Inc in the Home Furnishings Industry (LZB, LEG, TPX, ETH, BSET)

By Shiri Gupta

Below are the three companies in the Home Furnishings 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.

La-Z-Boy Inc ranks highest with a a forward P/E ratio of 15.41. Leggett & Platt is next with a a forward P/E ratio of 14.32. Tempur Sealy Int ranks third highest with a a forward P/E ratio of 13.85.

Ethan Allen follows with a a forward P/E ratio of 11.57, and Bassett Furn rounds out the top five with a a forward P/E ratio of 8.40.

SmarTrend recommended that subscribers consider buying shares of Tempur Sealy Int on January 8th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $46.21. Since that recommendation, shares of Tempur Sealy Int have risen 24.3%. We continue to monitor Tempur Sealy Int for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio la-z-boy inc leggett & platt tempur sealy int ethan allen bassett furn

Ticker(s): LZB LEG TPX ETH BSET