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 71.71. Thor Industries is next with a a forward P/E ratio of 12.97. Winnebago Industries ranks third highest with a a forward P/E ratio of 11.36.
Ford Motor follows with a a forward P/E ratio of 8.10, and General Motors rounds out the top five with a a forward P/E ratio of 6.92.
SmarTrend recommended that subscribers consider buying shares of Tesla Motors Inc on April 6th, 2015 as our technology indicated a new Uptrend was in progress when shares hit $202.63. Since that recommendation, shares of Tesla Motors Inc have risen 23.7%. We continue to monitor Tesla Motors Inc for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest forward p/e ratio tesla motors inc thor industries winnebago industries ford motor General Motors