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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 Shiri Gupta

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 23.57. Roper Technologi is next with a a forward P/E ratio of 22.57. 3M Co ranks third highest with a a forward P/E ratio of 18.64.

Honeywell Intl follows with a a forward P/E ratio of 16.89, and Carlisle Cos Inc rounds out the top five with a a forward P/E ratio of 14.18.

SmarTrend is monitoring the recent change of momentum in Carlisle Cos Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Carlisle Cos Inc in search of a potential trend change.

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