Relatively Low Price to Book Ratio Detected in Shares of China Automotive Systems in the Auto Parts & Equipment Industry (CAAS, FSYS, SHLO, STRT, VC)
Below are the three companies in the Auto Parts & Equipment industry with the lowest price to book ratios. Often companies with the lowest ratio present the greatest value to investors.
China Automotive Systems ranks lowest with a a price to book ratio of 0.42. Fuel Systems Solutions is next with a a price to book ratio of 0.52. Shiloh Industries ranks third lowest with a a price to book ratio of 0.82.
Strattec Security follows with a a price to book ratio of 0.89, and Visteon rounds out the bottom five with a a price to book ratio of 1.00.
SmarTrend recommended that its subscribers protect gains by selling shares of Strattec Security on August 31st, 2016 by issuing a Downtrend alert when the shares were trading at $41.93. Since that call, shares of Strattec Security have fallen 14.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: lowest price to book ratio china automotive systems fuel systems solutions shiloh industries strattec security visteon