Relatively Low Forward P/E Ratio Detected in Shares of Resource America in the Specialized Finance Industry (REXI, MRLN, NEWS, NDAQ, ICE)
Below are the three companies in the Specialized Finance 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.
Resource America ranks lowest with a a forward P/E ratio of 10.05. Following is Marlin Business Services with a a forward P/E ratio of 10.85. NewStar Financial ranks third lowest with a a forward P/E ratio of 13.07.
NASDAQ OMX follows with a a forward P/E ratio of 18.56, and IntercontinentalExchange rounds out the bottom five with a a forward P/E ratio of 18.76.
SmarTrend recommended that subscribers consider buying shares of Resource America on March 7th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $5.56. Since that recommendation, shares of Resource America have risen 75.5%. We continue to monitor Resource America for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest forward p/e ratio resource america marlin business services newstar financial nasdaq omx IntercontinentalExchange