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Top 5 Companies in the Consumer Electronics Industry With the Highest Forward P/E Ratio (GPRO, GRMN, UEIC, HAR, ZAGG)

By David Diaz

Below are the three companies in the Consumer Electronics 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.

Gopro Inc-Cl A ranks highest with a a forward P/E ratio of 54.90. Following is Garmin Ltd with a a forward P/E ratio of 18.38. Universal Elec ranks third highest with a a forward P/E ratio of 16.65.

Harman Intl follows with a a forward P/E ratio of 14.73, and Zagg Inc rounds out the top five with a a forward P/E ratio of 6.56.

SmarTrend recommended that subscribers consider buying shares of Zagg Inc on March 20th, 2017 as our technology indicated a new Uptrend was in progress when shares hit $7.23. Since that recommendation, shares of Zagg Inc have risen 18.3%. We continue to monitor Zagg Inc for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio amex:gpro gopro inc-cl a garmin ltd universal elec harman intl zagg inc