Relatively Low Forward P/E Ratio Detected in Shares of Park-Ohio Holdings in the Air Freight & Logistics Industry (PKOH, AAWW, FDX, ECHO, FWRD)
Below are the three companies in the Air Freight & Logistics 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.
Park-Ohio Holdings ranks lowest with a a forward P/E ratio of 6.51. Following is Atlas Air Worldwide Holdings with a a forward P/E ratio of 8.95. FedEx ranks third lowest with a a forward P/E ratio of 12.94.
Echo Global Logistics follows with a a forward P/E ratio of 16.49, and Forward Air rounds out the bottom five with a a forward P/E ratio of 17.93.
SmarTrend recommended that subscribers consider buying shares of FedEx on February 17th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $133.60. Since that recommendation, shares of FedEx have risen 17.1%. We continue to monitor FedEx for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest forward p/e ratio park-ohio holdings atlas air worldwide holdings FedEx Echo Global Logistics forward air