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Relatively High Forward P/E Ratio Detected in Shares of Raven Industries in the Industrial Conglomerates Industry (RAVN, ROP, MMM, HON, CSL)

By Nick Russo

Below are the three companies in the Industrial Conglomerates 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.

Raven Industries ranks highest with a a forward P/E ratio of 30.13. Roper Technologi is next with a a forward P/E ratio of 23.52. 3M Co ranks third highest with a a forward P/E ratio of 22.14.

Honeywell Intl follows with a a forward P/E ratio of 17.61, and Carlisle Cos Inc rounds out the top five with a a forward P/E ratio of 15.12.

SmarTrend recommended that its subscribers protect gains by selling shares of Carlisle Cos Inc on April 28th, 2017 by issuing a Downtrend alert when the shares were trading at $103.52. Since that call, shares of Carlisle Cos Inc have fallen 5.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest forward p/e ratio raven industries roper technologi 3m co honeywell intl carlisle cos inc

Ticker(s): RAVN ROP MMM HON CSL