Shares of Alleghany Rank the Highest in Terms of Forward P/E Ratio in the Reinsurance Industry (Y, PRE, ESGR, RNR, RGA)
Below are the three companies in the Reinsurance industry with the highest 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.
Alleghany ranks highest with a a forward P/E ratio of 19.98. Following is PartnerRe with a a forward P/E ratio of 15.50. Enstar Group ranks third highest with a a forward P/E ratio of 12.96.
RenaissanceRe Holdings follows with a a forward P/E ratio of 12.39, and Reinsurance Group of America rounds out the top five with a a forward P/E ratio of 10.76.
SmarTrend is monitoring the recent change of momentum in Enstar Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Enstar Group in search of a potential trend change.
Keywords: highest forward p/e ratio alleghany partnerre enstar group renaissancere holdings reinsurance group of america