Relatively Low Price to Book Ratio Detected in Shares of Icahn Enterprises in the Industrial Conglomerates Industry (IEP, DHR, GE, CSL, RAVN)
Below are the three companies in the Industrial Conglomerates industry with the lowest price to book ratios. Often companies with the lowest ratio present the greatest value to investors.
Icahn Enterprises ranks lowest with a a price to book ratio of 1.18. Danaher is next with a a price to book ratio of 2.27. General Electric ranks third lowest with a a price to book ratio of 2.63.
Carlisle Cos follows with a a price to book ratio of 2.90, and Raven Industries rounds out the bottom five with a a price to book ratio of 2.98.
SmarTrend recommended that its subscribers protect gains by selling shares of Icahn Enterprises on August 22nd, 2016 by issuing a Downtrend alert when the shares were trading at $50.75. Since that call, shares of Icahn Enterprises have fallen 9.2%. 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 Icahn Enterprises danaher General Electric carlisle cos raven industries