Shares of Casey'S General Rank the Highest in Terms of Forward P/E Ratio in the Food Retail Industry (CASY, NGVC, SFM, IMKTA, KR)

Below are the three companies in the Food Retail 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.

Casey'S General ranks highest with a a forward P/E ratio of 34.04. Natural Grocers is next with a a forward P/E ratio of 31.91. Sprouts Farmers ranks third highest with a a forward P/E ratio of 12.41.

Ingles Markets-A follows with a a forward P/E ratio of 10.59, and Kroger Co rounds out the top five with a a forward P/E ratio of 9.84.

SmarTrend recommended that subscribers consider buying shares of Casey'S General on April 12th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $132.18. Since that recommendation, shares of Casey'S General have risen 26.0%. We continue to monitor Casey'S General for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.