Shares of Casey's General Stores Rank the Highest in Terms of Forward P/E Ratio in the Food Retail Industry (CASY, WFM, KR, IMKTA, SVU)
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 Stores ranks highest with a a forward P/E ratio of 24.05. Following is Whole Foods Market with a a forward P/E ratio of 20.59. Kroger ranks third highest with a a forward P/E ratio of 17.07.
Ingles Markets follows with a a forward P/E ratio of 11.78, and SUPERVALU rounds out the top five with a a forward P/E ratio of 6.80.
SmarTrend recommended that subscribers consider buying shares of Casey's General Stores on March 18th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $109.58. Since that recommendation, shares of Casey's General Stores have risen 19.8%. We continue to monitor Casey's General Stores for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest forward p/e ratio casey's general stores Whole Foods Market Kroger ingles markets SuperValu