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

By Nick Russo

Below are the three companies in the Industrial Conglomerates industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.

Raven Industries ranks highest with a a P/E ratio of 49.45. Following is Roper Industries with a a P/E ratio of 26.74. Carlisle Cos ranks third highest with a a P/E ratio of 24.65.

3M follows with a a P/E ratio of 22.55, and General Electric rounds out the top five with a a P/E ratio of 22.11.

SmarTrend is tracking the current trend status for General Electric and will alert subscribers who have GE in their portfolio or watchlist when shares have changed trend direction.

Keywords: highest p/e ratio raven industries roper industries carlisle cos 3M General Electric