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Relatively Low Forward P/E Ratio Detected in Shares of General Electric in the Industrial Conglomerates Industry (GE, MMM, RAVN, HON, CSL)

By Shiri Gupta

Below are the three companies in the Industrial Conglomerates industry with the lowest 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.

General Electric ranks lowest with a a forward P/E ratio of 6.23. 3M Co is next with a a forward P/E ratio of 11.24. Raven Industries ranks third lowest with a a forward P/E ratio of 11.62.

Honeywell Intl follows with a a forward P/E ratio of 13.10, and Carlisle Cos Inc rounds out the bottom five with a a forward P/E ratio of 15.12.

SmarTrend recommended that its subscribers protect gains by selling shares of General Electric on February 24th, 2020 by issuing a Downtrend alert when the shares were trading at $11.83. Since that call, shares of General Electric have fallen 48.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest forward p/e ratio General Electric 3m co raven industries honeywell intl carlisle cos inc