Relatively Low P/E Ratio Detected in Shares of Flexsteel Industries in the Home Furnishings Industry (FLXS, BSET, HOFT, MHK, LZB)
Below are the three companies in the Home Furnishings industry with the lowest 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.
Flexsteel Industries ranks lowest with a a P/E ratio of 14.28. Bassett Furniture Industries is next with a a P/E ratio of 15.07. Hooker Furniture ranks third lowest with a a P/E ratio of 17.04.
Mohawk Industries follows with a a P/E ratio of 21.14, and La-Z-Boy rounds out the bottom five with a a P/E ratio of 21.32.
SmarTrend recommended that subscribers consider buying shares of La-Z-Boy on February 18th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $23.36. Since that recommendation, shares of La-Z-Boy have risen 27.3%. We continue to monitor La-Z-Boy for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest p/e ratio flexsteel industries bassett furniture industries hooker furniture mohawk industries la-z-boy