Relatively High Forward P/E Ratio Detected in Shares of Tesla Motors Inc in the Automobile Manufacturers Industry (TSLA, THO, WGO, F, GM)
Below are the three companies in the Automobile Manufacturers 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.
Tesla Motors Inc ranks highest with a a forward P/E ratio of 71.06. Following is Thor Industries with a a forward P/E ratio of 13.49. Winnebago Industries ranks third highest with a a forward P/E ratio of 12.49.
Ford Motor follows with a a forward P/E ratio of 8.75, and General Motors rounds out the top five with a a forward P/E ratio of 7.57.
SmarTrend is tracking the current trend status for General Motors and will alert subscribers who have GM in their portfolio or watchlist when shares have changed trend direction.
Keywords: highest forward p/e ratio tesla motors inc thor industries winnebago industries ford motor General Motors