Rocky Brands is Among the Companies in the Footwear Industry With the Lowest Forward P/E Ratio (RCKY, DECK, NKE, SKX, SHOO)
Below are the three companies in the Footwear 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.
Rocky Brands ranks lowest with a a forward P/E ratio of 8.32. Deckers Outdoor is next with a a forward P/E ratio of 8.57. NIKE ranks third lowest with a a forward P/E ratio of 11.49.
Skechers U.S.A. follows with a a forward P/E ratio of 14.41, and Steven Madden rounds out the bottom five with a a forward P/E ratio of 14.58.
SmarTrend recommended that its subscribers protect gains by selling shares of NIKE on December 24th, 2015 by issuing a Downtrend alert when the shares were trading at $63.44. Since that call, shares of NIKE have fallen 11.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: lowest forward p/e ratio rocky brands deckers outdoor Nike skechers u.s.a. steven madden