Top 5 Companies in the General Merchandise Stores Industry With the Highest Forward P/E Ratio (FRED, DLTR, DG, TUES, TGT)
Below are the three companies in the General Merchandise Stores 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.
Fred's ranks highest with a a forward P/E ratio of 32.19. Dollar Tree is next with a a forward P/E ratio of 20.51. Dollar General ranks third highest with a a forward P/E ratio of 18.07.
Tuesday Morning follows with a a forward P/E ratio of 16.92, and Target rounds out the top five with a a forward P/E ratio of 14.36.
SmarTrend recommended that its subscribers protect gains by selling shares of Target on April 29th, 2016 by issuing a Downtrend alert when the shares were trading at $79.85. Since that call, shares of Target have fallen 7.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: highest forward p/e ratio fred's Dollar Tree Dollar General tuesday morning Target