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Relatively High P/E Ratio Detected in Shares of Thermon Group Ho in the Electrical Components & Equipment Industry (THR, AMOT, AME, GNRC, WIRE)

By Amy Schwartz

Below are the three companies in the Electrical Components & Equipment 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.

Thermon Group Ho ranks highest with a a P/E ratio of 46.59. Following is Allied Motion Te with a a P/E ratio of 32.50. Ametek Inc ranks third highest with a a P/E ratio of 30.87.

Generac Holdings follows with a a P/E ratio of 25.12, and Encore Wire rounds out the top five with a a P/E ratio of 21.93.

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

Keywords: highest p/e ratio thermon group ho allied motion te ametek inc generac holdings encore wire

Ticker(s): THR AMOT AME GNRC WIRE