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

By Shiri Gupta

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 45.15. Following is Roper Technologi with a a P/E ratio of 34.62. 3M Co ranks third highest with a a P/E ratio of 24.98.

General Electric follows with a a P/E ratio of 22.83, and Honeywell Intl rounds out the top five with a a P/E ratio of 19.45.

SmarTrend recommended that subscribers consider buying shares of Honeywell Intl on December 13th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $117.85. Since that recommendation, shares of Honeywell Intl have risen 17.7%. We continue to monitor Honeywell Intl for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest p/e ratio raven industries roper technologi 3m co General Electric honeywell intl