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Relatively Low P/E Ratio Detected in Shares of Pitney Bowes in the Office Services & Supplies Industry (PBI, MLHR, KNL, HNI, SCS)

By David Diaz

Below are the three companies in the Office Services & Supplies 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.

Pitney Bowes ranks lowest with a a P/E ratio of 7.73. Herman Miller is next with a a P/E ratio of 12.95. Knoll ranks third lowest with a a P/E ratio of 13.60.

HNI follows with a a P/E ratio of 17.77, and Steelcase rounds out the bottom five with a a P/E ratio of 18.13.

SmarTrend recommended that its subscribers protect gains by selling shares of HNI on January 17th, 2017 by issuing a Downtrend alert when the shares were trading at $51.29. Since that call, shares of HNI have fallen 8.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest p/e ratio pitney bowes herman miller knoll steelcase