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Relatively High Forward P/E Ratio Detected in Shares of Live Nation in the Movies & Entertainment Industry (LYV, WWE, RDI, IMAX, DIS)

By James Quinn

Below are the three companies in the Movies & Entertainment 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.

Live Nation ranks highest with a a forward P/E ratio of 70.18. Following is World Wrestling Entertainment with a a forward P/E ratio of 31.77. Reading International ranks third highest with a a forward P/E ratio of 30.45.

Imax follows with a a forward P/E ratio of 23.02, and Walt Disney rounds out the top five with a a forward P/E ratio of 16.88.

SmarTrend recommended that subscribers consider buying shares of Walt Disney on November 10th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $95.15. Since that recommendation, shares of Walt Disney have risen 19.0%. We continue to monitor Walt Disney for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio Live Nation world wrestling entertainment amex:rdi reading international Walt Disney